BOARD OF RETIREMENT FRESNO COUNTY EMPLOYEES RETIREMENT ASSOCIATION

Transcription

1 BOARD OF RETIREMENT FRESNO COUNTY EMPLOYEES RETIREMENT ASSOCIATION 1. Call to Order 2. Pledge of Allegiance Wednesday, April 2, :30 AM FCERA Boardroom 1111 H Street Fresno, CA AGENDA 3. 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. *4. Approve the March 19, 2008 Retirement Board Regular Meeting Minutes RECEIVE AND FILE; APPROVE *5. Retirements RECEIVE AND FILE; APPROVE Aram Adamyan E&TA Jeffrey W. Barrie Sheriff Andrew E. Baxter E&TA Cora Berumen Superior Court Annabelle M. Christensen Community Health James O. Condon, Jr. Public Works & Planning Allan DeCamp Sheriff Linda K. Deniston Behavioral Health Isidoro Didulo E&TA 0.86 Dawn L. Diestelkamp Superior Court Robert C. Dominguez CAO, Deferred 2.04 Jerome Dunnicliff Agriculture Robert E. Ellis District Attorney Leah L. Fallis Behavioral Health, Deferred 0.76 JoAnn Grauer Superior Court Tony E. Graves Probation 31.40

2 2 Katherine A. Hartman ACTTC Jeff Hogue Sheriff Eric S. Hosoda Probation Joyce Howell E&TA Irwin K. Iida ITST, Deferred 0.09 Robert D. Ingram E&TA Jack Jones District Attorney Mark L. Karpoff VMC, Deferred 6.06 Edward F. Kowalczyk Behavioral Health Gloria J. Krebs Community Health, Deferred 6.17 Sylvia E. Lautsch Behavioral Health, Deferred 1.06 Natalie Lerma E&TA John F. Lew District Attorney Sandra A. Lindholm District Attorney, Deferred 9.20 Guillermo D. Lopez Community Health, Deferred Melda Martinez County Clerk/Registrar of Voters Karen Elaine McDowell Assessor-Recorder Joan M. Meraz County Clerk/Registrar of Voters Marion L. Miller Public Works & Planning Janie Mirelez E&TA Naomi S. Moreno E&TA Phillip Navarro Community Health Raymond Tenorio Ramirez Public Works & Planning Nancy C. Ramos Child Support Services Richard Rodriquez General Services, Deferred Gary S. Romo Sheriff, Deferred 1.84 Marilyn Schroeder Superior Court Henrietta B. Spain E&TA Judy Steinhardt District Attorney Eugene N. Sibley Assessor-Recorder Carol A. Terry-Nickel Sheriff Margaret Villarreal E&TA Lucinda Whitney Probation James R. Witte Public Works & Planning James Zulim Sheriff, Deferred 2.01 *6. Disability Retirements RECEIVE AND FILE; APPROVE Erick Boggs Sheriff 5.14 Virginia Castellano General Services Karla Kim Reed Behavioral Health 9.59 *7. Deferred Retirements RECEIVE AND FILE; APPROVE Beatriz Aguayo E&TA 6.17 Katherine H. Anderson Community Health 8.62 Richard L. Brandt-Kreutz Children & Family Services R. Gregory De La Cerda Sheriff Cathy Farmen Library 5.83 Adrienne R. Harter Children & Family Services 6.35

3 Maiya Her Children & Family Services 6.20 James K. Hill Probation 5.28 Jean Johnson E&TA 7.88 Elana Landau District Attorney 4.33 Hector Lizarraga Sheriff 5.94 Ronald L. McKelroy General Services 9.38 Cynthia R. Montez Children & Family Services 4.99 Judith E. Ravdin Library 8.06 April S. Rose Children & Family Services 7.62 Joseph K. Sebastian Children & Family Services 6.33 Diana C. Sorondo Superior Court *8. Request to Rescind Deferred Retirements RECEIVE AND FILE; APPROVE Linda Hernandez Assessor-Recorder 6.16 Douglas Kirk Johnson Behavioral Health 0.48 *9. Most recent investment returns, performance summaries and general investment information from investment managers RECEIVE AND FILE AJO Investment Artisan Investment BCI Partners BlackRock Investment Blackstone BPIF Investment Bradford Marzec Brandywine Investment GMO INTECH Investment Kalmar Investment Loomis Sayles Investment Lynch Jones Ryan Investment Mondrian Investment Oechsle Investment Realty Associates Investment 3

4 4 Sentinel State Street Investment TCW Investment Templeton Investment WAMCO Investment Warburg Investment Warburg Pincus X Investment Wellington Investment *10. Public Records Requests and/or Retirement Related Information Requests from Gary Anderson, FCERA Member; Sandra Brock, Active FCERA Member; Betsy Lindegren, Retired FCERA Member; Sue Stocks, Tulare County; and Jorge A. Urbina, Active FCERA Member RECEIVE AND FILE PRA Anderson PRA Brock PRA Lindegren PRA Stocks PRA Urbina *11. Update of Board of Retirement directives to FCERA Administration RECEIVE AND FILE *12. Training material related to a ½ day educational seminar hosted at FCERA on the SACRS Economic Impact Report: Understanding the Results RECEIVE AND FILE Attachment I Economic Impacts Attachment II Key Talking Points Attachment III County Overview Attachment IV Total Output and Added Value Attachment V Frequently Asked Questions

5 5 Attachment VI Model Communications Plan Attachment VII Press Release Attachment VIII Public Emp Pension Funds Strengthen Attachment IX SCERS Background Attachment X Economic Impacts on CA and Co of SACRS *13. Correspondence from BlackRock about their monitoring and operational process regarding Bear Stearns News RECEIVE AND FILE *14. Correspondence from Jeffrey MacLean, Wurts & Associates, regarding Western Asset Management Company s (WAMCO) performance of the fixed income portfolio RECEIVE AND FILE *15. Correspondence from Bradford & Marzec announcing its operating entity change from a Corporation to a Limited Liability Company (LLC) RECEIVE AND FILE *16. Approve May 21, 2008 and July 2, 2008 Board Meeting Cancellation Request RECEIVE AND FILE; APPROVE *17. Approve Revised Due Diligence Policy, specifically item 15 page 49, related to Service Providers Contracts RECEIVE AND FILE; APPROVE Attachment #1 18. Performance and Economic Summary report presented by Bill Nemerever - Grantham Mayo Otterloo RECEIVE AND FILE 19. Discussion and appropriate action on Trust Company of the West (TCW) Termination presented by Thomas R. Shanklin, Wurts & Associates RECEIVE AND FILE; APPROVE 20. Discussion and appropriate action on Bradford & Marzec Portfolio Transition Recommendation presented by Thomas R. Shanklin, Wurts & Associates RECEIVE AND FILE; APPROVE 21. Discussion and appropriate action on one-year Contract Extension for financial audit services by Brown Armstrong presented by Roberto L. Peña, Retirement Administrator RECEIVE AND FILE; APPROVE 22. Discussion and appropriate action on Cortex Applied Research proposal for assistance to FCERA with the Investment Consultant search RECEIVE AND FILE; APPROVE Attachment #1 23. Closed Session: A. Conference with Legal Counsel Actual Litigation - pursuant to G.C (a)

6 6 1. Fresno County Employees Retirement Association v. Public Pension Professionals 2. Mackie v. Fresno County Retirement Board (Fresno County Superior Court No. 07CECG01439 B. Disability Retirement Applications Personnel Exception (G.C ): 1. Patti Gimbarti 2. Thomas Alberda 3. Frank Riojos 24. Report from Closed Session 25. Report from FCERA Administration 26. Report from County Counsel 27. Board Member Announcements or Reports NEXT MEETINGS: April 16, :30 AM (Wednesday) Regular Meeting FCERA Boardroom 1111 H Street, Fresno, CA May 7, :30 AM (Wednesday) Regular Meeting FCERA Boardroom 1111 H Street, Fresno, CA 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 Tuesday, 04/01/08 at 12PM.