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BOARD OF RETIREMENT
FRESNO COUNTY EMPLOYEES’ RETIREMENT ASSOCIATION
Wednesday, January 9, 2008 – 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.
3. Introduction and welcome to Trustee James E. Hackett newly elected by the General Members.
4. Election of Chair and Vice Chair for Calendar Year 2008.
5. Discussion and appropriate action on appointments to the Retirement Board Standing Committees: Audit, Budget, Disability, and Personnel (Acrobat reader required) – RECEIVE AND FILE; APPROVE
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.
*6. Approve the December 5, 2007 Retirement Board Regular Meeting Minutes – RECEIVE AND FILE; APPROVE
*7. Retirements – RECEIVE AND FILE; APPROVE
Charles M. Antaramian / Superior Court, Deferred / 5.52Robert L. Barsoian / Assessor-Recorder / 31.71
Thomas C. Bulgar / Children & Family Services / 11.61
Daniel M. Callahan / Sheriff, Deferred / 13.09
Gayle Davilla / Community Health / 25.78
Rodolfo Estrada / E&TA / 16.28
Donald F. Fischer / Public Authority / 16.17
Barry M. Garrison / District Attorney / 21.80
Antonio Gomez / General Services / 14.48
Jose L. Gutierrez / Behavioral Health / 18.63
Brian Henley / Sheriff, Deferred / 17.88
Mark R. Hernandez / Probation, Deferred / 13.43
Mark R. Johnson / Public Works & Planning / 30.30
James D. Kellas / ACTTC, Deferred / 11.54
Sovann T. Kuoch / E&TA / 20.03
Bertha S. Lopez / E&TA, Deferred / 8.18
Mario Madril / General Services / 25.14
Mary Lou Martinez / E&TA / 19.23
Michael A. Massie / Public Works & Planning / 30.28
Isabel L. Moon / E&TA, Deferred / 10.32
Ronald P. Moreno / Sheriff / 32.61
Donna L. Nunes-Croteau / Behavioral Health / 10.00
Lupita G. Padilla / Superior Court / 12.51
Albert R. Prendez / General Services / 13.64
Henry Rivera / Probation, Deferred / 15.81
Diana B. Stanley / Superior Court / 14.32
Judith E. Strukel / E&TA / 10.00
Merlene Szoboszlay / E&TA / 20.97
Jeff L. Vawter / NCFPD / 27.67
Joan G. Von Renner / Behavioral Health, Deferred / 8.64
Patricia White / E&TA / 30.13
Sonya L. Whitten / Child & Family Services, Deferred / 7.24
*8. Deferred Retirements – RECEIVE AND FILE; APPROVE
Cathleen Franco / Child Support Services / 8.59Priscilla Lazalde / Superior Court / 2.16
Lawrence Levy / Behavioral Health / 4.98
Karney M. Mekhitarian / Public Defender / 1.09
Kenneth Dean Smith / E&TA / 6.03
*9. Most recent investment returns, performance summaries and general investment information from investment managers – RECEIVE AND FILE
· AJO Investment (Acrobat reader required)
· Artisan Investment (Acrobat reader required)
· BlackRock Investment (Acrobat reader required)
· Blackstone Investment (Acrobat reader required)
· Bradford Investment (Acrobat reader required)
· Brandywine Investment (Acrobat reader required)
· Credit Suisse Investment (Acrobat reader required)
· GMO Investment (Acrobat reader required)
· INTECH Investment (Acrobat reader required)
· Kalmar Investment (Acrobat reader required)
· Lynch Investment (Acrobat reader required)
· Mondrian Investment (Acrobat reader required)
· Oechsle Investment (Acrobat reader required)
· Realty Assoc Investment (Acrobat reader required)
· Sentinel Investment (Acrobat reader required)
· State Street Investment (Acrobat reader required)
· TCW 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)
· Warburg Investment (Acrobat reader required)
· Wellington Investment (Acrobat reader required)
*10. Revised Market Value for Fixed-Income Accounts for September 30, 2007 Quarterly Investment Performance Report – RECEIVE AND FILE
· Blackrock Revised (Acrobat reader required)
· Bradford Revised (Acrobat reader required)
· Loomis Revised (Acrobat reader required)
· Western Revised (Acrobat reader required)
*11. Public Records Requests and/or Retirement Related Information Requests from Paul A. Dictos, Paul A. Dictos Accountancy and Ken Mandler, Public Pay Institute – RECEIVE AND FILE
· PRA Dictos (Acrobat reader required)
· PRA Mandler (Acrobat reader required)
*12. Comprehensive Annual Financial Report (CAFR) for fiscal year ended June 30, 2007 (Acrobat reader required) – RECEIVE AND FILE
*13. Update of Board of Retirement directives to FCERA Administration – RECEIVE AND FILE
*14. FCERA Excess Fiduciary Liability Insurance – Summary of Coverage (Acrobat reader required) – RECEIVE AND FILE
*15. Memorandum from Wurts & Associates regarding Personnel Changes at Franklin Templeton International (Acrobat reader required) – RECEIVE AND FILE
*16. Correspondence from Ronald E. Logue, CEO State Street Corporation, announcing the resignation of Bill Hunt, SSgA CEO, and that a contingency reserve has been established to address legal exposure and other costs associated with the underperformance of a small number of active fixed-income strategies managed by SSgA (Acrobat reader required) – RECEIVE AND FILE
*17. Board of Retirement Annual Attendance Report for 2007 – RECEIVE AND FILE; APPROVE Attachment #1
18. Performance and Economic Summary report presented by Joseph Carieri – Western Asset Management Company – RECEIVE AND FILE
19. Performance and Economic Summary report presented by Jeff Brothers – Bradford & Marzec – 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
B. Disability Retirement Applications – Personnel Exception (G.C. §54957):
1. Nelson Fowlkes
C. Personnel – Public Employee Performance Evaluation – Retirement Administrator (G.C. §54957)
D. Conference with Labor Negotiator (G.C. §54959.6)
Agency Representative: John Souza
Unrepresented Employee/Position to be evaluated: Retirement Administrator
21. Report from Closed Session
22. Report from FCERA Administration
23. Report from County Counsel
24. Board Member Announcements or Reports
NEXT MEETINGS:
January 23, 2008 – 8:30 AM (Wednesday)
Regular Meeting
FCERA Boardroom
1111 H Street, Fresno, CA 93721
February 6, 2008 – 8:30 AM (Wednesday)
Regular Meeting
FCERA Boardroom
1111 H Street, Fresno, CA 93721
01/09/08 Regular Meeting