RETIREMENT BOARD OF ADMINISTRATION

WATER AND POWER EMPLOYEES’ RETIREMENT PLAN

 

REGULAR MEETING AGENDA  

 

JULY 27, 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 27, 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 a

                                                                             separate vote on each item.)

 

 

 1.

 

Request for Approval of Minutes – June 8, 2011, Regular Meeting 

 

 

1.1 – 1.5

 

12-01

12-02

 

12-03

 

12-04

 

12-05

 

12-06           

  2.

Termination from Rolls

    Termination of Monthly Allowance from the June 2011 Retirement Roll

    Termination of Mark Wilbur Miller from the June 2011 Permanent Total Disability Roll

    Termination of George Kwong from the July 2011 Permanent Total                              Disability Roll

    Termination of Ronald O. Vazquez from the July 2011 Permanent Total                   Disability Roll

    Termination of John A. Gaylord from the July 2011 Permanent Total                             Disability Roll

    Termination of Randi L. Johnson-Osborne from the July 2011 Permanent Total      Disability Roll

 

2.1 – 2.7

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

 

 

  3.

Report of Payment Authorizations for June 2011

3.1 – 3.89

 

 

  4.

Notice of Deaths for June 2011

4

 

 

  5.

Investment Reports for June 2011

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

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

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

d)  Summary of Contract Expirations 

 

 

5a.1 – 5a.8

5b.1 – 5b.3

5c.1 – 5c.2

 

5d.1

 

RECEIVED AND FILED  (Continued)  

 

 

 

  6.

 

Report on Status of Insurance as of July 19, 2011

 

6

 

  7.

Staff Reports on Due Diligence Visits

a)  Frontier Capital Management Company, LLC- Small Cap Growth

b) MFS Institutional Advisors, Inc.-Large Cap Value

c) Loomis Sayles High Yield

 

 

7a.1 – 7a.4

7b.1 – 7b.4

7c.1 – 7c.4

 

 

  8.

Report from Pension Consulting Alliance Recap of Asset Allocation Report

8.1 – 8.6

 

REGULAR    (Items for discussion and action by the Board)

 

 

 9.

Discussion of Possible Change in Meeting Time for the Retirement Board Meetings; and Possible Action

 

9

12-07

10.

Discussion of Covered Calls Policy Draft; and Possible Action

 

10.1 – 10.7

 

11.

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

 

11

 

12.

Presentation by Courtland Partners, Ltd.  – First Quarter 2011 Real Estate Portfolio Performance

 

12

12-08

13.

Discussion of MFS Investment Management Performance for Large Cap Value; and Possible Action

 

13.1 – 13.12

12-09

14.

Discussion of Invesco International Developed Equity Performance; and Possible Action

 

14.1 – 14.14

12-10

15.

Discussion of Performance of Wells Capital High Yield Fixed Income Manager; and Possible Action

 

15.1 – 15.16

12-11

16.

Discussion of Investment Policy Exception for Wells Capital Regarding Equity Exposures; and Possible Action

 

16.1 – 16.12

 

17.

Discussion of Eligibility for Disability Benefits

 

17.1 – 17.2

RETIREMENT PLAN MANAGER’S COMMENTS

 

 

18.

 

 

18

FUTURE AGENDA ITEMS

 

 

19.

 

 

18

         

 

 

 

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 22, 2011, at 8:30 a.m.