RETIREMENT BOARD OF ADMINISTRATION

WATER AND POWER EMPLOYEES’ RETIREMENT PLAN

 

REGULAR MEETING AGENDA

 

JUNE 8, 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 June 8, 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 taken on entire Consent Agenda and treated as separate vote on each)

 

 1

Request for Approval of Minutes:

a)   April 13, 2011, Regular Meeting (deferred from May 25, 2011, meeting)

b)   April 27, 2011, Regular Meeting

 

 

1a.1 –1a.9

1b.1 –1b.5

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

 

 

  2

Report on Due Diligence Site Visit to T. Rowe Price Associates, Inc

2.1 –2.4

REGULAR              (Items for discussion and action by the Board)

 

  3

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

 

3

 

  4

Real Estate Educational Session – Presentation by Courtland Partners

 

4

11-94

  5

Discussion of Plan Amendment to Align Benefit Calculations with Changes in Valuation Assumptions; and Possible Action

 

5.1 – 5.2

 

  6

Presentation by Pension Consulting Alliance, Inc. – First Quarter Hedge Fund Performance Review for 2011

 

6

 

REGULAR  (continued)  

 

 

  7

Presentation by Earnest Partners - Annual Performance Review for Small Cap Mandate as of April 30, 2011

 

7

 

  8

Presentation by Frontier Capital Management - Annual Performance Review for Small Cap Mandate as of April 30, 2011

8

REPORTS FOR REFERENCE

 

 

 9

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 

 

 

9a.1–9a.7

9b.1–9b.3

9c.1 –9c.2

 

9d.1

RETIREMENT PLAN MANAGER’S COMMENTS

 

 

10

 

 

10

FUTURE AGENDA ITEMS

 

 

11

 

10

             

 

 

 


 

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 June 3, 2011, at 8:30 a.m.