September 16, 2020 10:00 a.m.
If you wish to watch the meeting and/or address the Board, you can connect using the BlueJeans video-conferencing system here. If you need instructions on using BlueJeans, click here.
Item 1 – Call to Order – No Materials
Item 2 – Public Comment – No Materials
Item 3 – Error Correction Policy
Staff to recommend Board adopt new policy for correcting errors in connection with the payment of member benefits and the collection of member contributions. Deliberation and action.
Item 4 – Implementation of Supreme Court
Staff to recommend Board make determinations and direction to Staff 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. Deliberation and action.
Item 5 - Conference with Legal Counsel – Existing Litigation (confidential)
Item 6 - Conference with Legal Counsel - Anticipated Litigation (confidential)
Item 7A – Macias, Joseph. Staff recommendation date September 16, 2020 (confidential)
Item 7B – Mititelu, Daniel. Staff recommendation date September 16, 2020 (confidential)
Item 7C – Switzer, Carol. Staff recommendation date September 16, 2020 (confidential)
Item 7D - Reference: General Law and Authorized Board Actions on Disability Retirement Proposed Decisions
Item 8 - Minutes of the August 19, 2020 regular meeting
Item 9 - Ratification of Service Retirement Application Approvals – August 2020
Item 10 - State Association of County Retirement Systems Legislative Update – September 2020
Item 11 - Investment Manager Changes – August 2020 Board Action in Closed Session
Item 12 - Monthly Investment Manager Activity, Compliance, and Watch List Report – August 2020
Item 13 - Monthly Report of Investment Activity – August 2020
Item 14 - Chief Executive Officer’s Report – No Materials
Item 15 - Chief Investment Officer’s Report – No Materials
Item 16 – Annual Report on Disability Retirement
Staff to present annual summary and analysis of disability application processing trends. Receive and file.
Item 17 – Liquidity Study
Verus Advisory, Inc. and Staff to present liquidity analysis and cash-flow profile of SCERS’ portfolio. Receive and file.
Item 18 – Quarterly Investment Performance Report -
Cliffwater, LLC to present the performance report for the periods ending June 30, 2020 for the absolute Return portfolio, and the period ending March 31, 2020 for the Private Equity, Private Credit, Real Assets, and Opportunities portfolios. Receive and file.
Item 19 – Quarterly Investment Performance
Report – Real Estate
Townsend Group to present the performance report on real estate investments for the quarter ending June 30, 2020. Receive and file.