RETIREMENT BOARD OF ADMINISTRATION

WATER AND POWER EMPLOYEES’ RETIREMENT PLAN

 

REGULAR MEETING AGENDA  

 

JULY 14, 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 July 14, 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 June 9, 2010, Regular Meeting Minutes	1.1 – 1.5
RECEIVED AND FILED         (Items of Interest to the Board on which no action is taken)
	2.	The Public Trust Newsletter – Summer 2010	2.1 – 2.4
REGULAR              (Items for discussion and action by the Board)
	3.	Presentation by Pension Consulting Alliance – Fourth Quarter Private Equity Performance Report for Period Ending December 31, 2009	3
11-01	4.	Discussion to Change Investment Policy for the International Developed Equity Markets and Emerging Markets Mandates; and Possible Action	4.1 – 4.7
11-02	5.	Discussion of Wells Capital Request to Further Extend Investment Policy Exception Regarding Equity Exposure; and Possible Action	5.1 – 5.9
11-03	6.	Ratification of the Board’s Action Regarding the Overall Asset Allocation Structure and the Investment Options for the Retiree Health Benefits Fund; and Possible Action	6.1 – 6.3
	7.	Discussion of Governance Report from City Attorney; and Possible Action	7.1 – 7.11
	8	Discussion of the Status of the Approved Additional Positions for the Retirement Office; and Possible Action	8
ARTICLE OF INTEREST
	9.	“New SEC Rules Crack Down on Pension Fund Investment Advisers” - Council of Institutional Investors Governance Alert	9.1 – 9.7
REPORTS FOR REFERENCE
	10.	a)  Summary of Investment Returns as of May 31, 2010 b)  Market Value of Investments by Fund and Month as of May 31, 2010 c)  Market Value of the Retirement, Death, and Disability Funds and Retiree       Health Care Fund as of May 31, 2010	10a.1 – 10a.7 10b.1 – 10b.3 10c.1 – 10c.2
RETIREMENT PLAN MANAGER’S COMMENTS
	11.		11
FUTURE AGENDA ITEMS
	12.		11

 

 

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.