RETIREMENT BOARD OF ADMINISTRATION

WATER AND POWER EMPLOYEES’ RETIREMENT PLAN

 

 

REGULAR MEETING AGENDA  

 

JULY 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 July 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.

 


 

 


 

PUBLIC COMMENTS

                                                             

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

Reso

 

 

 

 

 1.

Request for Approval of Minutes – June 13, 2012, Regular Meeting

 

 

 

13-01

13-02

13-03

13-04

 2.

Termination from Rolls

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

b)  Termination of Robert Andrade from June 2012 PTD Roll

c)  Termination of James A. Arterberry from June 2012 PTD Roll

d)  Termination of Katherine L. Schrock from June 2012 PTD Roll

 

 

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

 

 

 

3.

Report of Payment Authorizations for May 2012

 

 

 

4.

Notice of Deaths for May 2012

 

 

 

5.

Investment Reports for May 2012

a.i)   Summary of Investment Returns as of May 31, 2012 (new format)

a.ii)  Summary of Investment Returns as of May 31, 2012 (old format)

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

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

d)     Summary of Contract Expirations 

 

 

REGULAR    (Items for discussion and action by the Board)

 

 

Reso

 

 

 

 

 6.

Discussion of Report from City Attorney With Respect to the Selection of Outside Tax Counsel; and Possible Action

 

 

13-05

 7.

Ratification of Selection of International Developed Markets Active Equity Manager; and Possible Action

 

 

13-06

 8.

Discussion of MFS Institutional Advisors, Inc., Active International Guideline Revisions; and Possible Action

 

 

13-07

 9.

Discussion of Proposed Amendment to Investment Policy to Revise Watch Criteria for the High Yield Fixed-Income Asset Class; and Possible Action

 

 

 

10.

Discussion of Draft Request for Proposal for Active Commodities Manager; and Possible Action

 

 

 

11.

RETIREMENT PLAN MANAGER’S COMMENTS

 

 

 

 

 

 

12.

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