RETIREMENT BOARD OF ADMINISTRATION

WATER AND POWER EMPLOYEES’ RETIREMENT PLAN

 

REGULAR MEETING AGENDA  

 

OCTOBER 27, 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 27, 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.)

 

11-31

11-32

 1.

 

 

 

Termination from Rolls

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

      Termination of Marjorie L. Curtis from the October 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 September 2010

2.1 – 2.93

 

  3.

Notice of Deaths for September 2010

3

 

  4.

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

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

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

 

4a.1 – 4a.7

4b.1 – 4b.3

4c.1 – 4c.2

 

  5.

Report on Status of Insurance as of October 14, 2010

5

 

  6.

Report on Organizational Changes at BNY Mellon Asset Servicing Unit

6.1 – 6.5

 

  7.

Report on Organizational Changes at Capital Dynamics 

7.1 – 7.4

 

 

 

 

REGULAR              (Items for discussion and action by the Board)

 

 

  8.

Update on Reciprocity Program Between the Water and Power Employees’ Retirement Plan and the Los Angeles City Employees’ Retirement System; and Possible Action

8

 

11-33

 

  9.

 

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

 

 

9.1 - 9.16

 

10.

Discussion of Future Investment Agenda Items; and Possible Action

10.1 - 10.5

11-34

11.

Discussion of Investment Performance of T. Rowe Price Emerging Markets Manager; and Possible Action

 

11.1 – 11.14

11-35

12.

Discussion of Contract with The Boston Company Asset Management for the International Developed Equity Mandate; and Possible Action

 

12.1 – 12.10

 

13.

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

 

13

 

14.

Update on Discussion of the Presentation by Simpson & Simpson, CPAs, of the Annual Audit Report and Related Financial Statements, as of June 30, 2010, as Discussed at the October 27, 2010, Audit Committee Meeting

 

14

RETIREMENT PLAN MANAGER’S COMMENTS

 

 

15.

 

15

 

 

 

 

FUTURE AGENDA ITEMS

 

 

16.

 

15

         

 

 


 

 

In compliance with Government Code Section 44947.4, 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 347, Los Angeles, California 90012, or at the scheduled meeting.

 


 

 

Posted on October 22, 2010, at 8:30 a.m.