RETIREMENT BOARD OF ADMINISTRATION

WATER AND POWER EMPLOYEES’ RETIREMENT PLAN

 

REGULAR MEETING AGENDA

 

JULY 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 July 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.


 

 


 

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 for May 25, 2011 Regular Meeting

 

1.1 – 1.6

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

 

  2

Report on MFS Investment Management Holdings

 

2.1 – 2.3

 

  3

Report on Allocation of the Contribution from the Department of Water and Power to the Retiree Health Benefits Fund

 

3.1–3.6

 

 

  4

Report from Pension Consulting Alliance on The Boston Company Emerging Markets Value On-Site Due Diligence Visit

 

4.1–4.6

 

REGULAR              (Items for discussion and action by the Board)

 

 

  5

Report from Pension Consulting Alliance on the Emerging Markets Equity Manager Request for Proposal; Discussion and Possible Action

 

5

 

  6

Discussion of Draft Request for Proposal Document; and Possible Action

 

6

 

  7

Discussion of Pension Consulting Alliance’s Proposed Investment Schedule; and Possible Action

 

7.1–7.3

 

 

  8

Discussion of the Impact of Internal Revenue Code Provisions on the Distribution Options Available for the Additional Annuity Program; and Possible Action

 

8.1 – 8.3

 

  9

Discussion of Eligibility for Disability Benefits; and Possible Action

9

 

REPORTS FOR REFERENCE

 

 

 10

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 

 

 

10a.1–10a.7

10b.1–10b.3

10c.1–10c.2

 

10d.1

ARTICLE OF INTEREST

 

 

 11a

 11b

“Defending Public Pensions” – ABC News

“Alger Faces Lawsuit on Firing” – The Wall Street Journal

 

11

CLOSED SESSION ITEM

 

 

 12

CLOSED SESSION PURSUANT TO GOVERNMENT CODE SECTION 54956.9(a) -- CONFERENCE WITH LEGAL COUNSEL -- EXISTING LITIGATION

 

Name of Case: Deutsche Bank Trust Company et. al. vs. First Republic Bank et. al, United States District Court, Northern District of California, San Francisco Division, Case No. CV 11-2634

 

12

RETIREMENT PLAN MANAGER’S COMMENTS

 

 13

 

 

13

FUTURE AGENDA ITEMS

 

 14

 

13

 

 

 

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