BOARD OF RETIREMENT FRESNO COUNTY EMPLOYEES RETIREMENT ASSOCIATION

Transcription

1 1. Call to Order BOARD OF RETIREMENT FRESNO COUNTY EMPLOYEES RETIREMENT ASSOCIATION 2. Pledge of Allegiance Wednesday, April 4, :30 AM 1111 H Street Fresno, CA AGENDA 3. Presentation of Plaques to Michael Cardenas and Nick Cornacchia for their years of service to the Board of Retirement of the Fresno County Employees Retirement Association. 4. 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. *5. Approve the March 21, 2012 Retirement Board Minutes RECEIVE AND FILE; APPROVE *6. Retirements RECEIVE AND FILE; APPROVE Arthur D. Ahman Public Works & Planning Michael Alvarez Dept of Social Services Bruce F. Anderson Sheriff Mo A. Ansari Public Works & Planning Sharon Ball Sheriff Jacqueline S. Bell Child Support Services George John Bertsch, III Sheriff Sandra Bode Superior Court Mary A. Bork Public Health, Deferred 2.54 Linda Brock District Attorney Patrick W. Caples District Attorney Eleanor Contreras Dept of Social Services Anne J. Corbett Dept of Social Services Neil T. Croskey Behavioral Health 8.09 Claude D. Dechow Public Works & Planning 25.78

2 2 Retirements Continued Dorothy T. de Joseph Behavioral Health Cynthia De La Cruz Dept of Social Services Mary C. De Leon Dept of Social Services Diane R. Dunkel Probation Jeannette F. Durham Dept of Social Services Cathy Farmen Library, Deferred 5.90 Jose G. Flores Sheriff Burton J. Francis District Attorney Alicia Garcia Dept of Social Services Lynn Gorman Public Works & Planning Julie M. Grant Public Health Mark A. Guardado Sheriff, Deferred 9.58 Leroy Howard Hedges NCFP, Deferred 0.53 Margaret J. Heffron Behavioral Health Christine Hill Behavioral Health Richard L. Hill Sheriff James Hodges Sheriff Doreen D. Hormel Dept of Social Services Yuk W. Kwong Dept of Social Services Frances S. Leon ACTTC Sandra A. Lopez Superior Court Susan Lowe Administrative Office Azalea T. Macias Assessor-Recorder Anna Mares-Haynes Public Works & Planning Berto D. Martinez Sheriff Edward A. Martinez Probation Tomar Mason District Attorney, Deferred 7.84 Patrick W. McGuinness Public Works & Planning Carl McHenry FMAAA Mary McLain Sheriff Mark A. Minter Public Works & Planning Donovan Morrison Sheriff Connie M. Ortez District Attorney Elizabeth Ortiz Child Support Services Lucia Padgett Dept of Social Services Charlene Perry VMC, Deferred 6.23 Sandra S. Pettebone ACTTC Tressa Prael Behavioral Health Gail E. Prieto Dept of Social Svs, Deferred Stephen G. Quada Public Defender, Deferred 7.63 Cynthia Quintana-Perez Dept of Social Services William J. Roddy Public Health, Deferred Benito Salazar Dept of Social Services Victor E. Salazar County Clerk/Registrar of Voters Maureen M. Scaparo Public Works & Planning Barbara A. Shannon Dept of Social Services Lori A. Schuman Public Health Des Sheanh Behavioral Health 24.03

3 Retirements Continued Jonathan Skiles Superior Court, Deferred Michalanne Sloan District Attorney Judy C. Stewart Dept of Social Services Donald Stogdell NCFPD, Deferred 7.55 Mary A. Stone Dept of Social Services Peggy Thalman Child Support Services Terryl Thomas Probation Gary Torres Sheriff Gilbert P. Vargas General Services Kenneth A. Vozza General Services Edilberto Vela Public Works & Planning Rosa S. Walker Dept of Social Svs, Deferred 5.86 Janet E. Yarnell Public Health *7. Deferred Retirements RECEIVE AND FILE; APPROVE Robert Bash Child Support Services 7.53 Alina M. Morales Dept of Social Services 5.56 Michael A. Ponte Public Works & Planning Jacqueline Reyna District Attorney Maria I. Sanchez Dept of Social Services 5.17 *8. Request to Rescind Deferred Retirement RECEIVE AND FILE; APPROVE Susan A. Guerrero Library 2.13 *9. Public Records Requests and/or Retirement Related Correspondence from Kurt Schneider, CCCERA; Jakema Lewis, Investment Management Mandate Pipeline; Kevin Smith, SEIU Local 521; and Hank Kim, NCPERS RECEIVE AND FILE 3 PRA Kim PRA Lewis PRA Schneider PRA Smith *10. Communications Economic Downturn Spurs Efforts to Address Costs and Sustainability RECEIVE AND FILE *11. Update of Board of Retirement directives to FCERA Administration RECEIVE AND FILE *12. Most recent investment returns, performance summaries and general investment information from investment managers RECEIVE AND FILE *13. FCERA Cash Flow position as of February 2012 RECEIVE AND FILE

4 14. Discussion and appropriate action on Equity Rebalance recommendation RECEIVE AND FILE; APPROPRIATE ACTION 15. Discussion and appropriate action on Real Estate Program review RECEIVE AND FILE; APPROPRIATE ACTION 16. Discussion and appropriate action on Systematic Financial Management Performance Restatement RECEIVE AND FILE; APPROPRIATE ACTION Discussion and appropriate action on Private Equity review and Oaktree Opportunities Fund IX recommendation RECEIVE AND FILE; APPROPRIATE ACTION 18. Discussion and appropriate action on recruitment of Retirement Administrator (any discussion regarding compensation) RECEIVE AND FILE; APPROPRIATE ACTION 19. Closed Session: A. Conference with Legal Counsel Actual Litigation - pursuant to G.C (a) 1. Communication with securities litigation counsel, Blair Nicholas of Bernstein Litowitz Berger & Grossmann LLP, regarding Toyota Securities Litigation and deposition of Fresno CERA 2. Fresno County Employees Retirement Association v. Countrywide Financial Corporation, et al., United States District Court for the Central District of California Case No. CV MRP (MANx) B. Public Employee Appointment pursuant to G.C (b) (Retirement Administrator) 20. Report from Closed Session 21. Report from FCERA Administration 22. Report from County Counsel 23. Board Member Announcements or Reports NEXT MEETING: April 18, :30 AM (Wednesday) May 2, :30 AM (Wednesday)

5 5 June 6, :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, 04/02/12 at 10AM.