November 7, 2016 10:00 a.m.
Open Session
Item 1 – Public Comment – No Materials
Open Session – Minutes
Item 2 – Minutes
Approved the minutes of the October 19,
2016 Board Meeting
Open Session – Consent Matters
Item 3 – Codog, Marcello - Application for Disability
Retirement (confidential)
Granted an
interim nonservice-connected disability retirement
Item 4 – Reichenberg, Michelle L. - Application
for Disability Retirement (confidential)
Granted a service-connected disability
retirement
Item 5 – Cardoza, Lora M. - Application for
Disability Retirement (confidential)
Denied a nonservice-connected disability
retirement
Item 6 – Matters Being Presented for a Vote by the
Membership at the State Association of County Retirement Systems
(SACRS) Fall Conference
Approved the matters being presented for
a vote by the membership at the SACRS Fall Conference
Item 7 – Presentation of Selected Fees and Costs for Outside
Legal Services for the Quarter Ended September 30, 2016
Received and filed the report
Item 8 – Presentation of the Portfolio Re-Balancing Report
for the Quarter Ended September 30, 2016
Received and filed the report
Item 9 – Presentation of the Trading Cost Report for the
Quarter Ended September 30, 2016
Received and filed the report
Item 10 – October 2016 Monthly Investment Portfolio Activity
Report
Received and filed the report
Open Session – Administrative Matters
Item 11 – Chief Executive Officer’s Report – No Materials
Item 12 – Presentation of the SCERS Actuarial Valuation as of
June 30, 2016
Received and filed the report and
adopted the employer and employee contribution rates recommended
by Segal
Item 13 – Presentation of the Governmental Accounting
Standards Board (GASB) Statement No. 67 Actuarial Valuation as of
June 30, 2016
Received and filed the report
Item 14 – Presentation of an Update on the IT Modernization
Program by Linea Solutions
Received and filed the report
Open Session – Investment Matters
Item 15 – Presentation of the Preliminary Investment
Performance Report for the Quarter Ended September 30, 2016
Received and filed the report
Item 16 – Presentation of the Annual Report on the Real
Assets Asset Class by Cliffwater LLC and Staff
Received and filed the report and
approved the recommended 2017 Real assets investment plan
Item 17 – Educational Presentation by Verus Advisory Inc. and
Staff Regarding Asset Class Contrstruction and its Impact on
Investment Performance, Funded Ratio, and Contribution Rates
Received and filed the presentation