RETIREMENT BOARD OF ADMINISTRATION

WATER AND POWER EMPLOYEES’ RETIREMENT PLAN

 

REGULAR MEETING AGENDA  

 

DECEMBER 12, 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 December 12, 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.


 

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PUBLIC COMMENTS

 

 

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

 

 

1.

Report on Proposed 2013 Manager Presentation Schedule

 

REGULAR    (Items for discussion and action by the Board)

 

Reso

 

13-38

13-39

13-40

2.

Presentations by The Segal Company – Annual Actuarial Valuations

a)  Disability Fund as of July 1, 2012; Discussion and Possible Action

b)  Death Benefit Fund as of July 1, 2012; Discussion and Possible Action

c)  GASB Statement as of July 1, 2012; Discussion and Possible Action

 

13-41

3.

Discussion of Consent to Amendment for Angelo Gordon Core Plus Realty III; and Possible Action

 

13-42

4.

Discussion of Consent to Amendment for Ares Corporate Opportunities Fund IV; and Possible Action

 

 

5.

Annual Presentation by Aetos Capital, LLC - Absolute Return Manager

 

 

6.

Annual Presentation by Gateway Investment Advisers, LLC - Covered Calls Manager   

          

 

7.

Annual Presentation by Western Asset Management Company - Global Inflation Linked Securities Manager

 

 

8.

Presentation by Pension Consulting Alliance - Third Quarter Real Return Performance Review

 

       

 

 

REPORTS FOR REFERENCE

 

 

 9.

Investment Reports for September 2012 and October 2012

a)  Summary of Investment Returns as of September 30, 2012

b)  Summary of Investment Returns as of October 31, 2012

c)  Market Value of Investments by Fund and Month as of October 31, 2012

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

e)  Summary of Contract Expirations 

 

 

10.

RETIREMENT PLAN MANAGER’S COMMENTS

 

 

11.

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 December 7, 2012, at 8:30 a.m.