RETIREMENT BOARD OF ADMINISTRATION

WATER AND POWER EMPLOYEES’ RETIREMENT PLAN

 

REGULAR MEETING AGENDA  

 

OCTOBER 13, 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 October 13, 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.)

 

 

 

 

 

 

 

11-20

11-21

 

11-22

 1.

 

 

 

 

 

 2.

Approval of Minutes

a)  August 18, 2010, Special Meeting

b)  August 25, 2010, Regular Meeting

c)  September 8, 2010, Regular Meeting

d)  September 8, 2010, Special Meeting

 

Termination from Rolls

      Termination of Monthly Allowance from the September 1, 2010, Retirement Roll

      Termination of Markus Mathews and Jeanetta A. Matthews from October 2010            Family Death Benefit Roll

      Termination of Julia Ramirez from the October 2010 Survivorship  Roll

 

 

1a.1 – 1a.9

1b.1 – 1b.8

 1c.1 – 1c.4

1d.1

 

 

2a.1 – 2a.2

2b

 

2c

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

 

 

  3.

Report of Payment Authorizations for August 2010

3.1 – 3.71

 

  4.

Notice of Deaths for August 2010

4

 

  5.

Investment Reports

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

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

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

 

5a.1 – 5a.7

5b.1 – 5b.3

5c.1 – 5c.2

 

 

 

 

 

  6.

 

Report on Status of Insurance as of September 9, 2010

 

6

 

 

  7.

Report on Organizational Changes at Loomis Sayles & Company, L.P.

7.1 – 7.5

REGULAR              (Items for discussion and action by the Board)

 

11-23

  8.

Presentation of Annual Actuarial Valuation of the Retirement Fund as of July 1, 2010, by The Segal Company; Discussion and Possible Action

8.1 – 8.2

 

  9.

Annual Presentations by International Developed Equity Mandate Managers

a)  The Boston Company Asset Management, Inc.

b)  INVESCO Global Asset Management, Inc.

c)  Pyramis Global Advisors Trust Company

 

9

11-24

10.

Discussion of Recommendation to Approve the Consent Solicitation Issued by Oaktree Capital Management Principal, LP; and Possible Action

10.1 – 10.21

11-25

11.

Discussion of Organizational Changes at Pacific Alternative Asset Management Company; and Possible Action

11.1 – 11.7

11-26

12.

Discussion of Plan Amendment to Enhance the Distribution Methods Available Under the Additional Annuity Program; and Possible Action

12.1 – 12.9

11-27

13.

Discussion of Request to Approve the Annual Transfer of Funds from the Reserve for Investment Gains and Losses Account to the General Reserve Account; and Possible Action

 

13.1 – 13.2

11-28

14.

Ratification of the Board's Action to Approve an Expenditure Allowance Associated with Change Order Requests for the Integration Pension System Project; Discussion and Possible Action

 

14.1 – 14.2

11-29

15.

Discussion of Request to Amend Retirement Office Annual Personnel Resolution for Fiscal Year 2010-2011; and Possible Action

15

11-30

16.

Discussion of the Status of the Proposed Suspension of the Reciprocity Program and Possible Program Changes; and Possible Action

16

 

17.

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

17

 

18.

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

18

 

19.

CLOSED SESSION PURSUANT TO GOVERNMENT CODE SECTION 54956.9(a), to confer with legal counsel and potentially take action regarding pending litigation in which the Board is a claimant, In re: Bankruptcy of Moeller, and Board of Administration v. Moeller

 

19

RETIREMENT PLAN MANAGER’S COMMENTS

 

 

20.

 

20

FUTURE AGENDA ITEMS

 

 

21.

 

20

         

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 October 8, 2010, at 8:30 a.m.