RETIREMENT BOARD OF ADMINISTRATION

WATER AND POWER EMPLOYEES’ RETIREMENT PLAN

 

REGULAR MEETING AGENDA  

 

OCTOBER 24, 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 October 24, 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

a) September 26, 2012, Regular Meeting

b) October 10, 2012, Special Meeting

 

 

 

13-31

 

 2.

Termination from Rolls

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

 

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

 

 

 

3.

Report of Payment Authorizations for September 2012

 

 

 

4.

Notice of Deaths for September 2012

 

 

 

5.

Investment Reports for September 2012

a)      Market Value of Investments by Fund and Month as of September 30, 2012

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

c)      Summary of Contract Expirations

 

 

 

6.

Report on Status of Insurance as of October 10, 2012

 

 

 

7.

Report on Bank of New York Mellon Due Diligence

 

 

 

8.

Report on Pension Consulting Alliance Onsite Due Diligence with Pyramis Global Advisors

 

 

REGULAR    (Items for discussion and action by the Board)

 

 

Reso

 

 

 

9.

CLOSED SESSION PURSUANT TO GOVERNMENT CODE SECTION 54956.9(a)

To Confer with Counsel Regarding Pending Litigation in Two Cases; and Possible Action:

 

1) Tribune Company Fraudulent Conveyance Litigation: Deutsche Bank Trust Company Americas, et. al., Plaintiffs v. First Republic Bank, et al., Defendants [United States District 

Court, Southern District of New York, Consolidated Multidistrict Action 11 Md 2296 (Whp)]

 

2) Official Committee of Unsecured Creditors of Tribune Company, Plaintiff, v. Dennis Fitzsimmons, et al., Defendants [United States District Court, Southern District of New York, Civil Action No. 12-Cv-02652 (Whp)]

 

 

 

10.

Discussion of Request for Proposal Responses for the Active Commodities Mandate; and Possible Action

 

 

13-32

11.

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

 

 

13-33

12.

Discussion of Glass Lewis Proxy Services Provider Contract Renewal; and Possible Action

 

 

 

13.

Presentation by Courtland Partners – Second Quarter Real Estate Performance Report

 

 

 

14.

RETIREMENT PLAN MANAGER’S COMMENTS

 

 

 

 

15.

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 October 19, 2012, at 8:30 a.m.