October 21, 2020 10:00 a.m.
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Item 1 – Call to Order – No Materials
Item 2 – Public Comment – No Materials
Item 3A - Alcaraz, Rachel. Staff recommendation dated October 21, 2020 (confidential)
Item 3B - Hancock, Luz. Proposed decision of Administrative Law Judge dated August 31, 2020 (confidential)
Item 3C - Hill, Phil. Staff recommendation dated October 21, 2020 (confidential)
Item 3D - White, Robert. Staff recommendation dated October 21, 2020 (confidential)
Item 3E - Wyatt, Dalton. Staff recommendation dated October 21, 2020 (confidential)
Item 3F – Reference: General Law and Authorized Board Actions on Disability Retirement Proposed Decisions
Item 4 - Minutes of the Audit Committee Meeting
Item 5 - Minutes of the September 16, 2020 regular meeting
Item 6 - Ratification of Service Retirement Application Approvals – September 2020
Item 7 - CEO Delegated Authority Expense Report
Item 8 - Strategic Management Plan – Quarterly Performance Report
Item 9 - IT Modernization Project Quarterly Report
Item 10 - Placement Agent Disclosure Report
Item 11 - State Association of County Retirement Systems Legislative Update – October 2020
Item 12 - Monthly Investment Manager Activity, Compliance, and Watch List Report - September 2020
Item 13 - Monthly Report of Investment Activity - September 2020
Item 14 - Chief Executive Officer’s Report – No Materials
Item 15 - Chief Investment Officer’s Report – No Materials
Item 16 – Final Compensation Review
Staff to recommend conforming revisions to the Final Compensation Review Policy to comply with the California Supreme Court opinion in Alameda County Deputy Sheriffs’ Association et al. v. Alameda County Employees’ Retirement Association and Board of Retirement of ACERA. Staff also recommends incorporating the Compensation Earnable Policy on Overtime, CTO-Expired, and CTO-Over-Max into the Final Compensation Review Policy. Deliberation and action.
Item 17 – Final Sick Leave Conversion
Staff to recommend Board approve final version of Sick Leave Conversion Policy to clarify procedures for converting unused sick leave into service credit at retirement. Deliberation and action.
Item 18 – Education: Fiduciary Standard of Care
Staff and outside counsel to provide educational presentation and discussion of fiduciary duties and considerations when entering into alternative asset investment contracts. Receive and file.
Item 19 - Education: Securities
Staff and State Street to provide educational presentation and discussion of SCERS practices with security lending. Receive and file.