RETIREMENT BOARD OF ADMINISTRATION

WATER AND POWER EMPLOYEES’ RETIREMENT PLAN

 

 

REGULAR MEETING AGENDA  

 

MARCH 28, 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 March 28, 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)  February 8, 2012, Regular Meeting

b)  March 7, 2012, Special Meeting

 

 

12-66

12-67

12-68

2.

Termination from Rolls

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

 b) Termination of Samuel Young from the March 2012 Permanent Total Disability Roll

 c) Termination of Michele D. Ray from the March 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 February 2012

 

 

4.

Notice of Deaths for February 2012

 

 

5.

Investment Reports for February 2012

a.1)   Summary of Investment Returns as of February 29, 2012 (new format)

a.2)   Summary of Investment Returns as of February 29, 2012 (old format)

b)      Market Value of Investments by Fund and Month as of February 29, 2012

c)      Market Value of the Retirement, Death, and Disability Funds and Retiree Health Care Fund as of February 29, 2012

d)      Summary of Contract Expirations 

 

 

6.

Report on Status of Insurance as of March 14, 2012

 

 

REGULAR    (Items for discussion and action by the Board)

 

 

7.

Discussion of Covered Call Investment Guidelines; and Possible Action

 

12-69

8.

Discussion of Commodities Investment Guidelines; and Possible Action

 

 

9.

Presentation by Pension Consulting Alliance on Transition Review; Discussion and Possible Action

 

12-70

12-71

 

10.

Discussion of General and Private Equity Consulting Services; and Possible Action

 

RETIREMENT PLAN MANAGER’S COMMENTS

 

 

11.

 

FUTURE AGENDA ITEMS

 

 

12.

 

       

 

 

 

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 March 23, 2012, at 8:30 a.m.