BOARD OF RETIREMENT FRESNO COUNTY EMPLOYEES RETIREMENT ASSOCIATION AGENDA

Transcription

1 BOARD OF RETIREMENT FRESNO COUNTY EMPLOYEES RETIREMENT ASSOCIATION 1. Call to Order Wednesday, March 7, :30 AM 1111 H Street Fresno, CA AGENDA 2. Public Presentations Any member of the public may address the Retirement Board on any topic within the jurisdiction of the Retirement Board. Individual presentations shall be limited to five (5) minutes. The Retirement Board is generally legally prohibited from taking any action on presentations until a subsequent meeting. Consent Agenda/Opportunity for Public Comment: All items listed with an asterisk (*) are considered to be routine and non-controversial by staff and will be approved by one motion if no member of the Board or public wishes to comment or ask questions. If comment or discussion is desired by anyone, the item will be removed from the consent agenda and will be considered in the listed sequence with an opportunity for any member of the public to address the Board concerning the item before action is taken. Staff recommendations are shown in caps after each item. *3. Approve the February 21, 2007 Retirement Board Minutes RECEIVE AND FILE; APPROVE *4. Retirements RECEIVE AND FILE; APPROVE Stephen Barile Public Works & Planning Melvin J. Blue Behavioral Health, Deferred 9.04 Joyce Collins E&TA Cheryl G. Dinnell Sheriff Magdalena Franco VMC, Deferred Boyd H. Hall Behavioral Health Heide Hassenteufel Behavioral Health Paul S. Hokokian Child Support Services Charlene O. Lund Community Health, Deferred Cynthia McMillen VMC, Deferred Grace Solis Public Defender Bobbie Gene Schletewitz General Services Louise Symonds Children & Family Services Maria Tamayo VMC, Deferred 7.43 Gary C. Tatham Sheriff Eric R. Thompson Sheriff Patsy J. Waderker Perry Children & Family Services Ronald D. Weaver Public Works & Planning 32.12

2 *5. Deferred Retirements RECEIVE AND FILE; APPROVE Vicki Do-Wong Children & Family Services 5.71 Kimberly Forbes Children & Family Services 5.18 Silvia R. Garcia Child Support Services 8.56 Gloria Jaramillo Sheriff 7.41 Gunnar H. Jensen Library 1.60 Toni Jones NCFPD 5.33 Juanita Kallal E&TA Gregory Koster Library 7.88 Marcus Olivares E&TA Jaswinder Sra E&TA 5.15 Diana Tellez E&TA *6. Request to Rescind Deferred Retirements RECEIVE AND FILE; APPROVE Ernestine Faggionato VMC *7. Request to Purchase General Service as Safety Time Gary Torres RECEIVE AND FILE; APPROVE *8. Most recent investment returns, performance summaries and general investment information from investment managers RECEIVE AND FILE AJO Artisan BlackRock Blackstone Bradford Brandywine Credit Suisse GMO Intech JMB Kalmar Lonestar Loomis Sayles

3 3 Lynch Jone Ryan Mondrian Oechsle State Street TCW Templeton Warburg VIII Warburg Wellington Western Asset *9. Public Records Requests and/or Retirement Related Information Requests from Imperial County Employees Retirement System; Stephan Gutie; Paul Dictos; Doug Hogel, Cooperative Research Services; and Sandra Brock, Active FCERA Member RECEIVE AND FILE PRA Dictos PRA Dictos Attachment Audit of Valuation Results PRA Hogel PRA ICERS *10. Correspondence to FCERA Members dated March 2, 2007 regarding the implementation of the revised contribution rates for the remaining fiscal year RECEIVE AND FILE *11. Report on Trustee John Souza s attendance at the Extra-Ordinary Business Meeting and Educational Symposium sponsored by the State Association of County Retirement Systems (SACRS) RECEIVE AND FILE *12. Memorandum from John Wasnock, Wurts & Associates, regarding Personnel Departure at Franklin Templeton International RECEIVE AND FILE *13. Request for approval to raise $20 million in cash from Fixed Income Managers BlackRock, Inc. and Western Asset Management Company to implement the Cash Equitization Strategy RECEIVE AND FILE; APPROVE

4 4 14. Performance and Economic Summary report presented by Stephen A. Burlingame, Portfolio Manager and Delia M. Roges, Senior Vice President - Trust Company of the West (TCW) RECEIVE AND FILE; APPROVE 15. Presentation of the December 31, 2006 Investment Performance Review presented by Jeffrey MacLean, Wurts & Associates RECEIVE AND FILE 16. Presentation of the December 31, 2006 Guideline Compliance Report presented by Jeffrey MacLean, Wurts & Associates RECEIVE AND FILE 17. Proposal for making refunds to safety members to account for excess member contributions based on actuary s incorrect salary increase assumption in 2005 valuation report; refunds to be made in connection with Cost of Living Adjustment (COLA) Unfunded Actuarial Accrued Liability (UAAL) refunds RECEIVE AND FILE; APPROVE Attachment #1 18. Discussion and appropriate action on the impact that the Board s recent actions on Cost of Living Adjustment (COLA) Unfunded Actuarial Accrued Liability (UAAL) adjustments will have on service credit purchases RECEIVE AND FILE; APPROVE 19. Discussion and appropriate action on Amendment to the FCERA Administrative Budget for fiscal year presented by Roberto L. Peña, Retirement Administrator RECEIVE AND FILE; APPROVE 20. Discussion and appropriate action on the SACRS Nominees/Candidates for President, Vice President, Treasurer, and Secretary RECEIVE AND FILE; APPROVE 21. Closed Session: A. Conference with Legal Counsel Actual Litigation - pursuant to G.C (a) 1. County of Fresno v. Board of Retirement B. Conference with Legal Counsel Potential Litigation pursuant to G.C (c) possible initiation of litigation (two cases) 22. Report from Closed Session 23. Report from FCERA Administration 24. Report from County Counsel 1. Report on CALAPRS Attorneys Roundtable held on January 26, Attachment #1 3. Attachment #2

5 5 25. Board Member Announcements or Reports NEXT MEETINGS: March 21, :30 AM (Wednesday) April 4, :30 AM (Wednesday) April 18, :30 AM (Wednesday) Requests for disability-related modification or accommodation needed in order to participate in the meeting should be made to Elizabeth Avalos at no later than Monday, 03/05/07 at 12PM.