RETIREMENT BOARD OF ADMINISTRATION

WATER AND POWER EMPLOYEES’ RETIREMENT PLAN

 

REGULAR MEETING AGENDA  

 

APRIL 13, 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 April 13, 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.

 


 

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 Minutes: February 23, 2011, Regular Meeting

 

1.1 – 1.8

 

 

11-79

11-80

  2

 

 

 

Termination from Rolls

      Termination of Monthly Allowance from the March 2011 Retirement Roll

      Termination of Alora P. O’Reilly from the March 2011 Survivorship 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 February 2011

3.1 – 3.82

 

  4

Notice of Deaths for February 2011

4

 

  5

Investment Reports for February 2011

a)  Summary of Investment Returns as of February 28, 2011

b)  Market Value of Investments by Fund and Month as of February 28,  2011

c)  Market Value of the Retirement, Death, and Disability Funds and Retiree Health       Care Fund as of February 28, 2011

 

 

5a.1 – 5a.7

5b.1 – 5b.3

5c.1 – 5c.2

 

  6

Report on Status of Insurance as of March 7, 2011

6

 

  7

Report on Organizational Changes at The Boston Company

7.1 – 7.5

 

  8

Report on Organizational Changes at Pyramis Global Advisors

8.1 – 8.6

REGULAR              (Items for discussion and action by the Board)

 

  9

Presentation by BlackRock Asset Management - Annual Performance Review as of December 31, 2010

 

9

 

10

Presentation by T. Rowe Price Investment Services (Large Value) - Annual Performance Review as of December 31, 2010

 

10

 

11

Presentation by MFS Investment Management (Large Value)  - Annual Performance Review as of December 31, 2010

 

11

 

12

Presentation by Courtland Partners and Madison Realty Group on New Real Estate Investment Opportunity

 

12

 

13

Presentation by Courtland Partners – Real Estate Financial Model

 

13

11-81

14

Discussion of Plan Amendment to Change the Regular Interest Rate; and Possible Action

 

14.1 – 14.9

11-82

15

Discussion of Investment Guideline Exception for T. Rowe Price Associates, Inc.; and Possible Action

 

15.1 – 15.9

11-83

16

Discussion of Possible Extension of Contract with Simpson & Simpson, CPA; and Possible Action

 

16.1 – 16.2

11-84

17

Discussion of Staff's Recommendation on the Selection of a Document Imaging Vendor; and Possible Action

 

17.1 – 17.3

11-71

18

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

 

18.1 – 18.3

 

19

Discussion of PCA Due Diligence Site Visits; and Possible Action

 

19

 

20

Discussion of Status of Reciprocity Negotiations; and Possible Action

 

20

 

21

Discussion of Annual Evaluation of City Attorney Services; and Possible Action

 

21

ARTICLE OF INTEREST

 

22

“Banks’ Profits Could Take Hit in Fight Over Forex Fees” – Pensions & Investments

 

22.1 – 22.5

CLOSED SESSION

 

 

 

23

CLOSED SESSION pursuant to Government Code Section 54956.9(b) to confer with legal counsel regarding significant exposure to litigation

 

23

 

 

RETIREMENT PLAN MANAGER’S COMMENTS

 

 

 

24

 

 

24

FUTURE AGENDA ITEMS

 

 

 

25

 

 

24

                 

 

 

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 April 8, 2011, at 8:30 a.m.