RETIREMENT BOARD OF ADMINISTRATION

WATER AND POWER EMPLOYEES’ RETIREMENT PLAN

 

REGULAR MEETING AGENDA  

 

JUNE 9, 2010 - 10:00 A.M.

 
       ROOM 1555-H, 111 NORTH HOPE STREET, LOS ANGELES, CA 90012

 

A meeting of the Retirement Board will be held on June 9, 2010, convening at 10:00 a.m. or soon thereafter if quorum is present.

                                                                                                             

As a covered entity under Title II of the Americans with Disabilities Act, the City of Los Angeles does not discriminate on the basis of disability and, upon request, will provide reasonable accommodation to ensure equal access to its programs, services, and activities.  To ensure availability, such request should be made 72 hours in advance by contacting the Retirement Office at (213) 367-1712 during business hours.

 

At the beginning of the meeting, the Board will provide an opportunity for members of the public to address it on items of interest that are within the subject matter jurisdiction of the Board. Thereafter, the Board will consider and take action on the Regular Agenda items. Members of the public may also request to speak on any agenda item.  The meeting is recorded.

 

PUBLIC COMMENTS

 

CONSENT 

(Approval of routine, non-controversial items; action is taken on the whole Consent Agenda and is treated as a separate vote on each item.) 

Reso

Item

Description of Agenda Item

Page

 

 

  1.

Request for Approval of April 28, 2010, Regular Meeting Minutes

 

1.1 – 1.7

REGULAR              (Items for discussion and action by the Board)

 

 

2.

Presentation by Earnest Partners - Annual Performance Review as of April 30, 2010

 

     2

 

3.

Presentation by Pension Consulting Alliance, Inc. – First Quarter Hedge Fund of Funds Performance Report as of March 31, 2010

 

     3

10-98

4.

Discussion to Remove BlackRock from Watch Status due to Organizational Changes; and Possible Action

 

  4.1 – 4.9

 

10-99

5.

Discussion to Extend the Contract with BlackRock, Inc. and Change the Account Structure; and Possible Action

 

  5.1 – 5.14

10-100

6.

Discussion to Approve the Contract Extension for T. Rowe Price Associates, Inc.; and Possible Action

 

   6.1 – 6.9

10-101

7.

Discussion to Extend the Contract for Wells Capital Management; and Possible Action

 

   7.7 – 7.10

10-102

8.

Discussion to Extend the Contract with Wells Capital Management Sutter High Yield Team; and Possible Action

 

   8.1 – 8.10

 

9.

Discussion of City Council Request for Report on Consolidating Pension Systems; and Possible Action

 

9.1 – 9.4

 

10.

Discussion of Governance Report from City Attorney; and Possible Action

10.1 – 10.11

REPORTS FOR REFERENCE

 

 

 

 11.

a)  Summary of Investment Returns as of April 30, 2010

b)  Market Value of Investments by Fund and Month as of April 30, 2010

c)  Market Value of the Retirement, Death, and Disability Funds and Retiree       Health Care Fund as of April 30, 2010

 

11a.1 – 11a.7

11b.1 – 11b.3

11c.1 – 11c.2

RETIREMENT PLAN MANAGER’S COMMENTS

 

 

 12.

 

12

 

 

 

 

FUTURE AGENDA ITEMS

 

 

 13.

 

12

 

 

 

 

 

 


 

In compliance with Government Code Section 54957.5, non-exempt writings that are distributed to a majority or all of the Board or applicable Committee of the Board, in advance of their meetings, may be viewed at the offices of the Water and Power Employees’ Retirement Plan (WPERP), located at 111 North Hope Street, Room 357, Los Angeles, California 90012, or at the scheduled meeting.

 


 

 

 

 

Posted on June 4, 2010, at 8:30 a.m.