RETIREMENT BOARD OF ADMINISTRATION

WATER AND POWER EMPLOYEES’ RETIREMENT PLAN

 

REGULAR MEETING AGENDA  

 

May 25, 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 May 25, 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 – April 13, 2011, Regular Meeting 

 

1.1 – 1.9

 

11-91

11-92

  2

Termination from Rolls

    Termination of Monthly Allowance from the May 2011 Retirement Roll

    Termination of Danny J. Willis from May 2011, Permanent Total Disability Roll

 

2.1 – 2.2

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

 

 

  3

Report of Payment Authorizations for April 2011

3.1 – 3.94

 

 

  4

Notice of Deaths for April 2011

4

 

 

  5

Investment Reports for April 2011

a)  Summary of Investment Returns as of April 30, 2011

b)  Market Value of Investments by Fund and Month as of April 30,  2011

c)  Market Value of the Retirement, Death, and Disability Funds and Retiree       Health Care Fund as of April 30, 2011

d)  Summary of Contract Expirations

 

 

5a.1 – 5a.7

5b.1 – 5b.3

5c.1 – 5c.2

 

5d.1

 

  6

Report on Status of Insurance as of May 16, 2011

 

6

 

  7

Report on Organizational Changes at MFS Investment Management

 

7.1 – 7.4

 

  8

Report on Organizational Changes at Bank of New York Mellon Asset Servicing Unit

 

8.1 – 8.4

 

REGULAR    (Items for discussion and action by the Board)

 

 

    9

Presentation by Pension Consulting Alliance, Inc. – First Quarter Performance Review as of March 31, 2011

 

9

 

  10

Asset Liability Study - Presentation by Pension Consulting Alliance; Discussion and Possible Action

 

10

 

  11

Discussion of Revised Placement Agent Policy; and Possible Action

 

11.1 – 11.7

 

  12

Discussion of  Document Imaging Project; and Possible Action

 

12.1 – 12.3

 

  13

Discussion of Retiree Health Care Changes; and Possible Action

 

13

RETIREMENT PLAN MANAGER’S COMMENTS

 

 

  14

 

 

   14

FUTURE AGENDA ITEMS

 

 

  15

 

 

   14


 

 

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 May 20, 2011, at 8:30 a.m.