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BOARD OF RETIREMENT
FRESNO COUNTY EMPLOYEES’ RETIREMENT ASSOCIATION
Wednesday, November 1, 2006 – 8:30 AM
FCERA Boardroom
1111 H Street
Fresno, CA 93721
AGENDA
1. Call to Order
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 Retirements – RECEIVE AND FILE; APPROVE
Janice K. Books / Child & Family Services / 10.85Joan Claassen / Child & Family Services / 26.41
Alan Gilmore / Community Health, Deferred / 16.66
Patti J. Gimbarti / Sheriff / 25.52
Dora E. Jones / Probation / 23.07
John McCormick / E&TA / 18.29
Olga Nelson / E&TA / 14.41
Jacqueline Nixon / Community Health / 17.01
Bonita Quashnick / Superior Court / 13.81
Susan Rosenthal / VMC, Deferred / 10.55
Raymond A. Silva / Library / 6.21
Jimmy Smith / NCFPD / 31.95
Angelita Valdez / E&TA / 23.19
*4 Disability Retirements – RECEIVE AND FILE; APPROVE
Ronald H. Adolph / Sheriff / 25.26Fred A. Baak / Sheriff / 6.21
Brian K. Davis / Probation / 27.15
Thomas G. Johnson / Sheriff / 4.79
Martin Papaleo / General Services / 7.06
John McCormick / E&TA / 18.29
*5 Deferred Retirements – RECEIVE AND FILE; APPROVE
Loretta Benitez / E&TA / 8.27Annmarie Brown / Child & Family Services / 9.58
Orron S. Dougherty / Probation / 6.79
Jeffrey Hamilton, Jr. / District Attorney / 10.00
Brian Henley / Sheriff / 17.88
James Kirkendall / General Services / 7.28
Kene Phommavanh / Behavioral Health / 12.51
Marylou Salas / Superior Courts / 5.40
Stephanie Smith / Probation / 12.24
Mark A. Yang / Probation / 6.26
*6. Most recent investment returns, performance summaries and general investment information from investment managers – RECEIVE AND FILE
· Aronson Investment (Acrobat reader required)
· Artisan (Acrobat reader required)
· Blackstone Investment (Acrobat reader required)
· Bradford Investment (Acrobat reader required)
· Brandywine (Acrobat reader required)
· GMO Investment (Acrobat reader required)
· INTECH (Acrobat reader required)
· JER I Investment (Acrobat reader required)
· JER II Investment (Acrobat reader required)
· Kalmar (Acrobat reader required)
· Loomis Investment (Acrobat reader required)
· Lynch Jones Ryan Investment (Acrobat reader required)
· Oechsle Investment (Acrobat reader required)
· State Street Investment (Acrobat reader required)
· TCW Investment (Acrobat reader required)
· Templeton Investment (Acrobat reader required)
· WAMCO Investment (Acrobat reader required)
· Wellington Investment (Acrobat reader required)
· Mondrian Investment (Acrobat reader required)
*7. Public Records Requests and/or Retirement Related Information Requests from Teresa Gaucin, Active FCERA Member; Dave Kehler, Tulare County Employees’ Association; and Linda Yerke, Active FCERA Member – RECEIVE AND FILE
· PRA Gaucin (Acrobat reader required)
· PRA Hogel (Acrobat reader required)
· PRA Kehler (Acrobat reader required)
· PRA Yerke (Acrobat reader required)
*8. Waiver of minimum fee by State Street Global Advisors for the Cash Overlay Strategy (Acrobat reader required) – RECEIVE AND FILE
*9. Reed Smith Engagement Agreement for Litigation Counsel on Final Compensation – RECEIVE AND FILE; APPROVE Attachment #1 (Acrobat reader required)
*10. Reed Smith Engagement Agreement for services as General Counsel to FCERA – RECEIVE AND FILE; APPROVE Attachment #1 (Acrobat reader required)
*11. Board of Retirement Regular Meeting Schedule for Calendar Year 2007 – RECEIVE AND FILE; APPROVE
*12. September 26, 2006 Fresno County Board of Supervisors Agenda Item regarding salary range adjustments of 3.50% for unrepresented and non-senior management classifications, effective December 18, 2006 – RECEIVE AND FILE; APPROVE Attachment #1 (Acrobat reader required)
13. Discussion and appropriate action on Performance and Economic Summary report presented by Gary P. Motyl; Thomas J. Dickson; and Peter Nori, Franklin Templeton (Acrobat reader required) – RECEIVE AND FILE; APPROVE
14. Discussion and appropriate action on due diligence visits for the Private Market – Core Real Estate search presented by Jeffrey MacLean, Wurts & Associate and Roberto L. Peña, Retirement Administrator – RECEIVE AND FILE; APPROVE
· Core Real Estate Recommendation Wurts (Acrobat reader required)
· FCERA Memo Regarding Real Estate DD Visit Trustee Recommendation
15. Discussion and appropriate action on SACRS Legislative Proposals – RECEIVE AND FILE; APPROVE
· SACRS 2007 Legislative Proposals Supporting Docs (Acrobat reader required)
· SACRS 2007 Legislative Proposals
16. Closed Session:
A. Conference with Legal Counsel – Actual Litigation - pursuant to G.C. §54956.9(a)
1. County of Fresno v. Board of Retirement
B. Disability Retirement Applications – Personnel Exception (G.C. §54957):
1. Ray Ramos
17. Report from Closed Session
18. Report from FCERA Administration
19. Report from County Counsel
20. Board Member Announcements or Reports
NEXT MEETINGS:
November 6, 2006 – 8:30 AM (Monday)
Personnel Committee Meeting
FCERA Boardroom
1111 H Street, Fresno, CA 93721
November 8, 2006 – 9:30 AM (Wednesday)
Special Meeting
FCERA Boardroom
1111 H Street, Fresno, CA 93721
December 6, 2006 – 8:30 AM (Wednesday)
Regular Meeting
FCERA Boardroom
1111 H Street, Fresno, CA 93721
December 20, 2006 – 8:30 AM (Wednesday)
Regular Meeting
FCERA Boardroom
1111 H Street, Fresno, CA 93721
11/01/06 Regular Meeting