RETIREMENT BOARD OF ADMINISTRATION

WATER AND POWER EMPLOYEES’ RETIREMENT PLAN

 

 

REGULAR MEETING AGENDA  

 

FEBRUARY 22, 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 February 22, 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

 

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:

a)     January 11, 2012, Regular Meeting

b)     January 11, 2012, Special Meeting

 

 

12-57

12-58

12-59

2.

Termination from Rolls

 a) Termination of Monthly Allowance from the February 2012 Retirement Roll

 b) Termination of Louis Dawson from February 2012 Permanent Total Disability Roll

 c) Termination of Douglas Jun Kurimoto from February 2012 Permanent Total Disability

      Roll 

 

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

 

 

3.

Report of Payment Authorizations for January 2012

 

 

4.

Notice of Deaths for January 2012

 

 

5.

Investment Reports for January 2012

a)  Summary of Investment Returns as of January 31, 2012

b)  Market Value of Investments by Fund and Month as of January 31, 2012

c)  Market Value of the Retirement, Death, and Disability Funds and Retiree Health Care       Fund as of January 31, 2012

d)  Summary of Contract Expirations 

 

 

6.

Report on Status of Insurance as of February 8, 2012

 

 

7.

Report on Organizational Changes at Prudential Real Estate Investments

 

REGULAR    (Items for discussion and action by the Board)

 

12-60

8

Discussion of July 1, 2012, Annual Cost of Living Adjustment for Eligible Recipients of Monthly Retirement Plan Benefits; and Possible Action

 

 

9

Selection of Passive International Developed Core Equity Manager; Discussion and Possible Action

 

 

10

Discussion of Active International Emerging Markets Equity Manager Request for Proposal; and Possible Action

 

12-61

11

Discussion of Real Estate Investment Opportunity; and Possible Action

 

 

12

Discussion of the Contract and Funding Status for Vontobel Asset Management Inc.; and Possible Action

 

 

13

Discussion of Securities Lending Program; and Possible Action

 

12-62

14

Discussion of the Change in the Date of the Evolving Policy Allocations for the Covered Calls Mandate; and Possible Action

 

 

15

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

 

 

16

Update from City Attorney on Request for Proposal for Outside Tax Counsel; Discussion and Possible Action

 

 

17

Discussion of Proposed Revision to the Monthly Summary of Investment Returns Report; and Possible Action

 

RETIREMENT PLAN MANAGER’S COMMENTS

 

 

18

 

FUTURE AGENDA ITEMS

 

 

19

 

       

 

 

 

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 February 17, 2012, at 8:30 a.m.