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BOARD OF RETIREMENT
FRESNO COUNTY EMPLOYEES’ RETIREMENT ASSOCIATION
Wednesday October 7, 2009 – 8:30 AM
FCERA Boardroom
1111 H Street
Fresno, CA 93721
AGENDA
1. Call to Order
2. Pledge of Allegiance
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 September 2, 2009 and September 16, 2009 Retirement Board Regular Meeting Minutes – RECEIVE AND FILE; APPROVE
*5. Retirements – RECEIVE AND FILE; APPROVE
Mary Ayala / Probation / 8.78Ann M. Bennett / Sheriff / 19.05
Janet S. Bernal / County Administrative Office / 4.48
James H. Brunton / Community Health / 34.92
Ernest S. Calderon / Public Works & Planning / 34.50
Louie D. Ciapponi / ACTTC / 16.34
Anabella A. Duka / Community Health, Deferred / 10.89
Steven Equarte / E&TA, Deferred / 13.26
David G. Farley / FMAVCD / 29.38
Stuart G. Farley / Public Works & Plan, Deferred / 5.03
Cynthia Ferry / E&TA, Deferred / 0.09
Fabian Gomez / VMC, Deferred / 7.55
Judith M. Kemmerer-Evans / E&TA / 11.91
Ralph MacMichael / District Attorney / 28.56
Nancy P. Martinez-Beltran / Children & Family Services / 20.85
Veronica G. Murray / Community Health / 25.18
Peggy A. Myrick / Community Health, Deferred / 10.26
Floyd D. Pendergrass / Sheriff / 10.04
Lynn Rodriguez / Community Health / 11.19
Norman J. Smith / Agriculture / 29.98
Albert W. Steele, Jr. / Public Works & Plan, Deferred / 13.11
Margaret Storey / Children & Family Services / 23.12
Jay D. Stuart / Sheriff / 31.73
Martin C. Suits / Superior Courts / 10.78
Roy T. Teragouchi / Sheriff / 13.75
*6. Deferred Retirements – RECEIVE AND FILE; APPROVE
Chai Fang / Child Support Services / 17.59Fariborz Ghafoori / Public Works & Planning / 10.30
Peggy L. Gonzales / Community Health / 4.51
Pa Her / Behavioral Health / 6.13
*7. Disability – RECEIVE AND FILE; APPROVE
Jonathan Holguin / Sheriff / 17.42*8. Public Records Requests and/or Retirement Related Correspondence from George Hostetter, The Fresno Bee; Brad Branan, The Fresno Bee; and Franz Criego, FCERA Member – RECEIVE AND FILE
· PRA Branan (Acrobat reader required)
· PRA Criego (Acrobat reader required)
· PRA Hostetter (Acrobat reader required)
*9. Update of Board of Retirement directives to FCERA Administration – RECEIVE AND FILE
*10. Most recent investment returns, performance summaries and general investment information from investment managers – RECEIVE AND FILE
· AJO Investment (Acrobat reader required)
· BlackRock Investment (Acrobat reader required)
· Blackstone BPIF Investment (Acrobat reader required)
· Brandywine Investment (Acrobat reader required)
· GMO Investment (Acrobat reader required)
· INTECH Investment (Acrobat reader required)
· Kalmar Investment (Acrobat reader required)
· Loomis Sayles Investment (Acrobat reader required)
· Lynch Jones Ryan Investment (Acrobat reader required)
· Mondrian Investment (Acrobat reader required)
· Oechsle Investment (Acrobat reader required)
· SSgA Equity Growth Investment (Acrobat reader required)
· State Street Cash Overlay (Acrobat reader required)
· State Street Securities Lending Investment (Acrobat reader required)
· TCW Shop III Investment (Acrobat reader required)
· TCW Shop IV Investment (Acrobat reader required)
· Templeton Investment (Acrobat reader required)
· WAMCO Investment (Acrobat reader required)
· Wellington Investment (Acrobat reader required)
*11. Correspondence from Ron Madsen, FCERA Member, regarding the effects of the amortization period on the Unfunded Actuarial Accrued Liability (UAAL) and employer contributions (Acrobat reader required) – RECEIVE AND FILE
*12. Correspondence from Robert Palmer, SACRS Interim Executive Director, regarding County Retirement Board Trustees (Acrobat reader required) – RECEIVE AND FILE
*13. Correspondence from Jim Lites, Schott & Lites Advocates, regarding the SACRS 2010 Legislative Platform – RECEIVE AND FILE
*14. Correspondence from Richard White, SACRS President, regarding the Nominating Committee’s recommended changes to the SACRS election procedures (Acrobat reader required) – RECEIVE AND FILE
15. Discussion and appropriate action on selecting date for the Personnel Committee to report its findings of the Retirement Administrator’s evaluation to the full Board – RECEIVE AND FILE; APPROVE
16. Discussion and appropriate action on selection of Securities Litigation services – RECEIVE AND FILE; APPROPRIATE ACTION
Bernstein Litowitz Berger & Grossmann, LLP
Blair A. Nicholas, Partner
Cohen, Milstein, Sellers & Toll, PLLC
Marty Lacoff, Senior Consultant
17. Discussion and appropriate action on Commodities Search presented by Scott Whalen, Wurts & Associates (Acrobat reader required) – RECEIVE AND FILE; APPPROPRIATE ACTION
18. Discussion and appropriate actionon recommendation to terminate Brandywine presented by Scott Whalen, Wurts & Associates (Acrobat reader required) – RECEIVE AND FILE; APPROPRIATE ACTION
19. Presentation/Update on the Plan’s Asset Allocation presented by Scott Whalen, Wurts & Associates (Acrobat reader required) – RECEIVE AND FILE
20. Closed Session:
A. Conference with Legal Counsel – Actual Litigation - pursuant to G.C. §54956.9(a)
1. Fresno County Employees’ Retirement Association v. Public Pension Professionals
2. Marsha Stillman v. Fresno County Employees’ Retirement Association
B. Conference with Real Property Negotiators – pursuant to G.C. §54956.8
1. Property: 1713 Tulare Street, Fresno, CA 93721
Agency Negotiators: Brian Decker of Colliers Tingey
C. Disability Retirement Applications – Personnel Exception (G.C. §54957):
1. Michael Farris
2. Lorraine Luna
3. Frank Riojas
21. Report from Closed Session
22. Report from FCERA Administration
23. Report from County Counsel
24. Board Member Announcements or Reports
NEXT MEETINGS:
October 21, 2009 – 8:30 AM (Wednesday)
Regular Meeting
FCERA Boardroom
1111 H Street, Fresno, CA 93721
November 4, 2009 – 8:30 AM (Wednesday)
Regular Meeting
FCERA Boardroom
1111 H Street, Fresno, CA 93721
10/07/09 Regular Meeting