RETIREMENT BOARD OF ADMINISTRATION

WATER AND POWER EMPLOYEES’ RETIREMENT PLAN

 

REGULAR MEETING AGENDA  

 

AUGUST 25, 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 August 25, 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.

 

 

Reso

Item

Description of Agenda Item

Page

 

 

 

 

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.)

 

11-13

11-14

 1.

 

 

Termination from Rolls

      Termination of Monthly Allowance from the August 2010 Retirement Roll

      Termination of Helen M. Tollefson from the July 2010 Survivorship Roll

1.1 – 1.2

 

RECEIVED AND FILED         (Items of Interest to the Board on which no action is taken)

 

 

 2.

Report of Payment Authorizations for July 2010

2.1 – 2.89

 

 3.

Notice of Deaths for July 2010

3

 

 4.

a)  Summary of Investment Returns as of July 31, 2010

b)  Market Value of Investments by Fund and Month as of July 31, 2010

c)  Market Value of the Retirement, Death, and Disability Funds and Retiree Health       Care Fund as of July 31, 2010

 

4a.1 – 4a.7

4b.1 – 4b.3

4c.1 – 4c.2

 

 5.

Report on Status of Insurance as of August 12, 2010

5

REGULAR              (Items for discussion and action by the Board)

 

 

 6.

Presentation by Pension Consulting Alliance, Inc. – Second Quarter Performance Review as of June 30, 2010

6

 

 

 7.

Presentation by Pension Consulting Alliance – First Quarter Private Equity Performance Report for Period Ending March 31, 2010 

7

11-15

8

Presentation of Report by Courtland Partners on Direct Investment; Discussion and Possible Action 

8

11-16

 9.

Presentation of New Investment Opportunity by Courtland Partners; Discussion and Possible Action  

9.1 – 9.3

11-17

10.

Discussion of MFS Performance; and Possible Action

10.1 – 10.10

11-18

11.

Discussion of Organizational Changes at Invesco; and Possible Action

11.1 – 11.13

 

12.

Discussion of the Status of the Approved Budgeted Positions for the Retirement Office; and Possible Action 

12

 

13.

Discussion of City Attorney’s Report on Governance Issues; and Possible Action

13

 

14.

Discussion of Request to Change the Time for  the Retirement Board Meetings

14

RETIREMENT PLAN MANAGER’S COMMENTS

 

 

15.

 

15

 

 

 

 

FUTURE AGENDA ITEMS

 

 

16.

 

15

         

 

 


 

 

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 August 20, 2010, at 8:30 a.m.