RETIREMENT BOARD OF ADMINISTRATION

WATER AND POWER EMPLOYEES’ RETIREMENT PLAN

 

REGULAR MEETING AGENDA

 

DECEMBER 14, 2011 – 9:00 A.M.

 
       ROOM 1555-H, 111 NORTH HOPE STREET, LOS ANGELES, CA 90012

 


 

A meeting of the Retirement Board will be held on December 14, 2011, convening at 9:00 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) September 28, 2011, Regular Board Meeting

b) October 12, 2011, Regular Meeting

 

 

1a.1 – 1a.7

1b.1 – 1b.5

 

12-38

12-39

 2.

Termination from Rolls

a)  Termination of Monthly Allowance from the November 2011 Retirement Roll

b)  Termination of Monthly Allowance from the December 2011 Retirement Roll

  

 

2a.1

2b.1

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

 

 3.

Report of Payment Authorizations

a)  October 2011

b)  November 2011

 

 

3a.1-3a.64

3b.1-3b.62

 

 4.

Notice of Deaths

a)  October 2011

b)  November 2011

 

 

4a.1

4b.1

 

 5.

Investment Reports for October 2011 

a)  Summary of Investment Returns as of October 31, 2011

b)  Market Value of Investments by Fund and Month as of October 31, 2011

c)  Market Value of the Retirement, Death, and Disability Funds and Retiree  Health Care Fund as of October 31, 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 November 9, 2011

 

6

 

 7.

Report on Bond Holding in the Wells Capital Management Sutter High Yield Portfolio

 

7.1 – 7.5

REGULAR              (Items for discussion and action by the Board)

 

12-40

 8.

Discussion of Retirement Office Budget for Fiscal Year 2012-2013; and Possible Action

 

8.1 – 8.9

 

 9.

Discussion of the Presentation by Simpson & Simpson, CPAs, of the Annual Audit Report and Related Financial Statements, as of June 30, 2011, as Discussed at the December 14, 2011, Audit Committee Meeting; and Possible Action

 

9

12-41

 

10.

Discussion of Guidelines for the Election of Active Member Representatives to the Retirement Board; and Possible Action

 

10.1 – 10.12

 

 

12-42

12-43

 

11.

Presentation by Courtland Partners on Potential Real Estate Investment Opportunities

a) Almanac Realty Securities VI, L.P.

b) AG Core Plus Realty Fund III, L.P.

 

11.1 – 11.3

 

12.

Presentation by Pension Consulting Alliance – Third Quarter Performance Review for Period Ending September 30, 2011

 

12

 

13.

Presentation by Pension Consulting Alliance – Real Return Structure Review; Discussion and Possible Action

 

13

 

14.

Annual Presentation by Western Asset Management Company

 

14

RETIREMENT PLAN MANAGER’S COMMENTS

 

15.

 

 

15

FUTURE AGENDA ITEMS

               16.                                                                                                                                                        15

 

 

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 December 9, at 8:30 a.m.