RETIREMENT BOARD OF ADMINISTRATION

WATER AND POWER EMPLOYEES’ RETIREMENT PLAN

 

REGULAR MEETING AGENDA

 

JANUARY 11, 2012 – 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 January 11, 2012, 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 for October 19, 2011, Special Meeting

 

1.1 – 1.4

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

 

 2.

Investment Reports for November 2011 

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

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

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

d)  Summary of Contract Expirations 

 

 

2a.1 – 2a.8

2b.1 – 2b.3

2c.1 – 2c.2

 

 2d.1

 

 3.

Report on Status of Insurance as of December 13, 2011

 

3

REGULAR              (Items for discussion and action by the Board)

 

 

12-44

12-45

12-46

 4.

Presentations by The Segal Company – Annual Actuarial Valuations

a)  Disability Fund as of July 1, 2011; Discussion and Possible Action

b)  Death Benefit Fund as of July 1, 2011; Discussion and Possible Action

c)  GASB Statement as of July 1, 2011; Discussion and Possible Action

 

 

4a.1 – 4a.3

4b.1 – 4b.3

4c.1 – 4c.2

 

 5.

Discussion of Proposed Excise Tax Liability as Contained in the Patient Protection and Affordable Care Act; and Possible Action

 

5.1 – 5.35

 

 6.

Presentation by Glass Lewis – Annual Proxy Season Review

 

6

 

 7.

Presentation by Pension Consulting Alliance, Inc. – Third Quarter Hedge Fund Performance

 

7

12-47

 8.

Discussion of Performance of T. Rowe Price Associates, Inc., - Large Cap Growth Manager; and Possible Action

 

8.1 – 8.10

 

 9.

Proposed 2012 Manager Presentation Schedule; Discussion and Possible Action

 

9.1 – 9.3

ARTICLE OF INTEREST

 

10.

Internal BNY Mellon Documents Show Panic - The Wall Street Journal  

10.1 – 10.3

RETIREMENT PLAN MANAGER’S COMMENTS

 

 11.

 

11

FUTURE AGENDA ITEMS

               12.                                                                                                                                                           11

         

 

 

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 January 6, 2012, at 8:30 a.m.