RETIREMENT BOARD OF ADMINISTRATION

WATER AND POWER EMPLOYEES’ RETIREMENT PLAN

 

REGULAR MEETING AGENDA  

 

FEBRUARY 23, 2011 – 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 February 23, 2011, 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.)

 

1

Request for Approval of Minutes:

a)  December 15, 2010, Special Meeting No. 1

b)  December 15, 2010, Special Meeting No. 2

c) January 26, 2011, Regular Meeting

 

 

1a.1 – 1a.8

1b

 

 

11-67

11-68

11-69

2

 

 

 

Termination from Rolls

      Termination of Monthly Allowance from the February 2011 Retirement Roll

      Termination of Margaret J. Malch from the February 2011 Survivorship Roll

      Termination of Albert R. Adams from the February 2011 Family Death Benefit Roll

 

2.1 – 2.3

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

 

 

 3

Report of Payment Authorizations for January 2011

3.1 – 3.63

 

 4

Notice of Deaths for January 2011

4

 

 5

Investment Reports for January 2011

a)  Summary of Investment Returns as of January 2011

b)  Market Value of Investments by Fund and Month as of January 2011

c)  Market Value of the Retirement, Death, and Disability Funds and Retiree Health       Care Fund as of January 2011

 

 

5a.1 – 5a.7

5b.1 – 5b.3

5c.1 – 5c.2

 

6

Report on Status of Insurance as of February 16, 2011

6

 

 

 

RECEIVED AND FILED    (continued)  

 

 

7

Report on Foreign Exchange Transactions Related to Pyramis Global Advisors and Bank of New York Mellon

 

7.1 – 7.5

 

8

Report on Organizational Changes at Prudential Real Estate

 

8.1 – 8.5

REGULAR              (Items for discussion and action by the Board)

 

 

9

Presentation by Pension Consulting Alliance – Fourth Quarter Performance Review for Period Ending December 31, 2010

9

 

10

Presentation by Pension Consulting Alliance – Third Quarter Private Equity Performance Report for Period Ending September 30, 2010

 

10

 

11

Discussion of General, Alternative and Real Estate Consulting Services and Possible Action

 

11.1 – 11.3

11-70

12

Discussion of Global Inflation Linked Securities Watch Criteria Policy Addition; and Possible Action

 

12.1 – 12.4

11-71

13

Consideration of Designation of “Trustee for Incompetents” for Doris Garcia; Discussion and Possible Action

 

13.1 – 13.4

11-72

14

Consideration of Designation of “Trustee for Incompetents” for Beatrice Gutierrez; Discussion and Possible Action

 

14.1 – 14.4

11-73

15

Discussion of Plan Amendment to Change the Regular Interest Rate and Establish a Link Between the Regular Interest Rate and Assumed Investment Return; and Possible Action

 

15.1 – 15.4

 

 

16

Discussion of Proposed Due Diligence Schedule with Respect to Contracts; and Possible Action

16.1 – 16.2

 

17

Discussion and Possible Approval of Hearing Device for Board Member; and Possible Action

17

RETIREMENT PLAN MANAGER’S COMMENTS

 

 

18

 

18

FUTURE AGENDA ITEMS

 

 

19

 

 

           

 

 

In compliance with Government Code Section 55957.5, 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 February 18, 2011, at 8:30 a.m.