RETIREMENT BOARD OF ADMINISTRATION

WATER AND POWER EMPLOYEES’ RETIREMENT PLAN

 

 

REGULAR MEETING AGENDA  

 

MAY 23, 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 May 23, 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.


 

 

 


 

PUBLIC COMMENTS

 

CONSENT (Approval of routine, non-controversial items; action taken on entire consent agenda and treated as separate vote on each)

Reso

 

 

12-81

 

1.

Termination from Rolls

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

 

 

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

 

 

 

2.

Report of Payment Authorizations for April 2012

 

 

 

3.

Notice of Deaths for April 2012

 

 

 

4.

Investment Reports for April 2012

a.i)    Summary of Investment Returns as of April 30, 2012 (new format)

a.ii)    Summary of Investment Returns as of April 30, 2012 (old format)

b)      Market Value of Investments by Fund and Month as of April 30, 2012

c)      Market Value of the Retirement, Death, and Disability Funds and Retiree Health Care          Fund as of April 30, 2012

d)      Summary of Contract Expirations 

 

 

 

5.

Report on Status of Insurance as of May 14, 2012

 

 

 

6.

Report from Pension Consulting Alliance Regarding Pending Litigation

 

 

REGULAR    (Items for discussion and action by the Board)

 

 

Reso

 

 

 

12-82

7.

Discussion of Amendment of Investment Policy to Include Watch Criteria for New Investment Mandates; and Possible Action

 

 

12-83

8.

Discussion of the Account Structure for the Emerging Markets Mandate; and Possible Action

 

 

12-84

9.

Discussion of Signature Authority for the Retirement Plan Manager; and Possible Action 

 

 

12-85

10.

Discussion of Ratification of the Board’s Action to Select a New Active International Emerging Markets Manager; and Possible Action

 

 

12-86

11.

Discussion of Performance of Frontier Capital Management LLC.; and Possible Action

 

 

12-87

12.

Discussion of Performance of Loomis, Sayles & Co.; and Possible Action

 

 

 

13.

Discussion of Contract for Actuarial Services; and Possible Action

 

 

 

14.

Presentation by Pension Consulting Alliance, Inc. – First Quarter Performance Review

 

 

 

15.

RETIREMENT PLAN MANAGER’S COMMENTS

 

 

 

 

16.

FUTURE AGENDA ITEMS

 


 

 

 

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 May 18, 2012, at 8:30 a.m.