Wednesday, January 14, 2015

Transcription

1 San Francisco Employees Retirement System RETIREMENT BOARD MEETING CALENDAR Wednesday, 1145 Market Street, 6 th Floor San Francisco, CA :00 p.m. MISSION STATEMENT San Francisco City and County Employees Retirement System is Dedicated to Securing, Protecting and Prudently Investing the Pension Trust Assets, Administering Mandated Benefit Programs, and Providing Promised Benefits. RETIREMENT BOARD MEMBERS President Victor Makras Vice President Malia Cohen Commissioners Leona Bridges Joseph Driscoll Herb Meiberger, CFA Wendy Paskin-Jordan Brian Stansbury Jay Huish Executive Director

2 Page 2 of 8 DISABILITY ACCESS The San Francisco Employees' Retirement System is wheelchair accessible. Accessible seating is available for persons with disabilities. To obtain a disability-related modification or accommodation, including large print agendas, American Sign Language interpreters, FM sound amplification system and auxiliary aids or services, please contact Norman Nickens at (415) at least two (2) business days before the meeting. There is accessible parking in the vicinity of 1145 Market Street at Civic Center Plaza. Accessible MUNI lines are available at the corner of Market Street and 8 th Street. The closest accessible MUNI /BART station is Civic Center Station. All materials to be considered or acted upon by the Retirement Board shall be available for public review 24 hours prior to the Retirement Board meeting. For additional information, please contact Norman Nickens, Executive Assistant at (415) In order to assist the City s efforts to accommodate persons with severe allergies, environmental illness, multiple chemical sensitivity or related disabilities, attendees at public meetings are reminded that other attendees may be sensitive to various chemical based products. Please help the City to accommodate these individuals. The ringing of and use of cell phones, pagers and similar sound-producing electronic devices are prohibited at this meeting. Please be advised that the Chair may order the removal from the meeting room of any person(s) responsible for the ringing or use of a cell phone, pager, or other similar sound-producing electronic devices. Know Your Rights Under the Sunshine Ordinance (Chapter 67 of the San Francisco Administrative Code) Government's duty is to serve the public, reaching its decisions in full view of the public. Commissions, boards, councils and other agencies of the City and County exist to conduct the people's business. This ordinance assures that deliberations are conducted before the people and that City operations are open to the people's review. FOR MORE INFORMATION ON YOUR RIGHTS UNDER THE SUNSHINE ORDINANCE OR TO REPORT A VIOLATION OF THE ORDINANCE, CONTACT THE SUNSHINE ORDINANCE TASK FORCE. Sunshine Ordinance Task Force City Hall 1 Dr Carlton B. Goodlett Place, Room 244 San Francisco, CA (415) by fax at (415) or by at sotf@sfgov.org Citizens interested in obtaining a free copy of the Sunshine Ordinance can request a copy from Mr. Darby or by printing Chapter 67 of the San Francisco Administrative Code on the Internet, If any materials related to an item on this agenda have been distributed to the Retirement Board (or committee) after distribution of the agenda packet, those materials are available for public inspection at SFERS, 1145 Market Street, 7 th Floor during normal office hours. Lobbyist Registration and Reporting Requirements Individuals and entities that influence or attempt to influence local legislative or administrative action may be required by the San Francisco Lobbyist Ordinance (San Francisco Campaign and Governmental Conduct Code sections ) to register and report lobbying activity. For more information about the Lobbyist Ordinance, please contact the Ethics Commission at 25 Van Ness Avenue, Suite 220, San Francisco, CA 94102, telephone (415) , fax (415) and web site:

3 Page 3 of 8 OPENING CALENDAR Pledge of Allegiance Roll Call Discussion General Public Comment PUBLIC COMMENT PROCEDURES: Members of the public shall have an opportunity to directly address the Retirement Board on items of interest to the public that are within the subject matter jurisdiction of the Retirement Board. Members of the public may address the Retirement Board now or under General Public Comment calendared at the end of today s agenda. Members of the public may also address the Board on a specific agenda item when public comment is called for that item. Members of the public who wish to provide public comment are encouraged to complete a Speaker Card for each agenda item for which they intend to address the Retirement Board and return them to the Commission Secretary prior to the consideration of that agenda item. Each member of the public may address the Retirement Board for up to three minutes, unless the Chair specifies a different time limit. The President of the Retirement Board may limit this initial General Public Comment item to 30 minutes. Any remaining members of the public who wish to make general public comment to the Retirement Board may do so during General Public Comment at the end of the agenda Action Item Approval of the Minutes of the December 3, 2014 Retirement Board Special Meeting Documents provided to the Retirement Board prior to the current meeting: Draft Minutes of the December 3, 2014 Retirement Board Special Meeting Action: Approve Minutes of December 3, 2014 Retirement Board Meeting, or take other action on the minutes Action Item Approval of the Minutes of the December 10, 2014 Retirement Board Meeting Documents provided to the Retirement Board prior to the current meeting: Draft Minutes of the December 10, 2014 Retirement Board Meeting Action: Approve Minutes of December 10, 2014 Retirement Board Meeting, or take other action on the minutes

4 Page 4 of 8 CONSENT CALENDAR All matters listed hereunder constitute a Consent Calendar, are considered to be routine by the Retirement Board and will be acted upon by a single vote of the Retirement Board. There will be no separate discussion of these items unless a member of the Retirement Board so requests, in which event the matter shall be removed from the Consent Calendar and considered as a separate item Action Item Consent Calendar a Action Item Voluntary Retirement Board List No b Action Item Decisions of Hearing Officers William J. Bartels Effective Date: 6/1/11 Michael P. Celona Effective Date: 5/26/11 Denise Elarms Effective Date: 1/14/14 Phyllis A. Ford Effective Date: 2/2/13 Sheilia D. Greer Effective Date: 12/1/13 Randall J. Henderson Effective Date: 6/23/12 James A. Lockhart Effective Date: 6/23/12 Anita E. Madrigal Effective Date: 7/1/11 Kimberly F. McConico Effective Date: PERS Chanh T. Phung Effective Date: 6/8/13 Gary W. Reid Effective Date: 10/2/14 Joyce R. Rowe Effective Date: 10/19/13 Stephan A. Thorne Effective Date: 6/30/14 H30 Captain H2 fighter H2 fighter Q62 Lieutenant III Police 2320 Registered Nurse DPH-CMHS H2 fighter H3 fighter/paramedic 1446 Secretary II Human Services 8304 Deputy Sheriff Sheriff 7430 Asst. Electronic Maint. Tech MTA 7514 General Laborer PUC-Hetch Hetchy 9163 Transit Operator MTA Q62 Lieutenant III Police CAL-PERS Disability Retirement

5 Page 5 of 8 Nancy Tran Effective Date: 10/1/12 Graciani J. Valderrama Effective Date: PERS Leonard William, Jr. Effective Date: PERS 9703 Employment & Training Specialist II Human Services 8304 Deputy Sheriff Sheriff 8204 Institutional Police Officer Sheriff CAL-PERS Disability Retirement CAL-PERS Disability Retirement c Action Item Petition for Rehearing Michael P. Celona Effective Date: 5/26/11 Nancy Tran Effective Date: 10/1/12 H2 fighter 9703 Employment & Training Specialist II Human Services d Action Item Request Travel Approval for Commissioner Herb Meiberger, and all interested Commissioners, to attend CFA Society of San Francisco s 2015 Annual Forecast Dinner, January 21, 2015, San Francisco, CA Request Travel Approval for Commissioner Herb Meiberger, to attend PPI s 2015 Winter Roundtable, The Evolving Landscape of Responsible Investing, February 11-15, 2015, Los Angeles, CA Documents provided to the Retirement Board prior to the current meeting: Voluntary Retirement Board List, Hearing Officer Decisions, Agenda Action: Approve Consent Calendar INVESTMENT CALENDAR Action Item Approval of Finalists for General Investment Consulting Services Request for Proposals meeting: Staff Memorandum Action: Approve Investment Staff recommendation of Angeles Investment Advisors, Hewitt EnnisKnupp, NEPC, and Wilshire Associates as finalists for the General

6 Page 6 of 8 Investment Consulting Services mandate, or take other action regarding the finalists on the RFP Action Item Review and Approval of Revised Investment Guidelines for AQR meeting: Staff Memorandum and Draft Investment Guidelines Action: Move to Approve Revised Investment Guidelines for AQR, or take other Action on Proposed Revised Investment Guidelines Discussion Item Annual Review of Alternative Investment Program by Cambridge Associates meeting: Consultant Report Action: This is a discussion only item Chief Investment Officer Report Discussion Item a. Discussion Item Documents provided to the Retirement Board prior to the current meeting: CIO Report This is a discussion only item Possible Action on Pending Proxies b. Proxy Item Action: Possible Action on Pending Proxies DEFERRED COMPENSATION PLAN CALENDAR Discussion Item SFDCP Manager Report Documents provided to the Retirement Board prior to the current meeting: Staff Memorandum and Report Action: This is a discussion only item

7 Page 7 of 8 ADMINISTRATION CALENDAR Action Item Review and Acceptance of Supplemental COLA Analysis as of July 1, 2014 meeting: Staff Memorandum and Cheiron (Consulting Actuary) Report Action: Move to Accept Supplemental COLA Analysis as of July 1, 2014, or take other Action Action Item Review and Approval of Economic Experience Analysis as of July 1, 2014 and Adoption of Recommended Economic Assumptions meeting: Staff Memorandum and Cheiron (Consulting Actuary) Report Action: Move to Approve Economic Experience Analysis as of July 1, 2014 and Adopt Recommended Economic Assumptions, or take other Action Action Item Request for Industrial Disability Pension Adjustment from 50% to 54% for Gary Holsher (SFPD) meeting: Staff and City Attorney Memoranda Action: Approve Pension Adjustment from 50% to 54% for Gary Holsher (SFPD), or take other action on the pension adjustment Discussion Item Travel Expense Report for the Quarter Ended December 31, 2014 meeting: Travel Expense Report Action: This is a discussion only item

8 Page 8 of Discussion Item Executive Director s Report Documents provided to the Retirement Board prior to the current meeting: Executive Director s Report Administrative Update: Attachments for Informational Purposes: Educational Opportunities List Blackout Period List Forward Calendar This is a discussion only item Discussion Item Retirement Board Member Reports and Comments Action: This is a discussion only item CLOSED SESSION Action Item Closed Session -- Recommendations and Possible Action on Purchases of Particular, Specific Pension Fund Investments under California Government Code Section Public comment Enter closed session. Discussion and possible action in closed session (three investment recommendations) (Discussion and Possible Action) Return to open session. Vote whether to disclose discussions held in closed session under San Francisco Administrative Code Section 67.12(a) (Action) Adjournment