BOARD OF ADMINISTRATION

OF THE

WATER AND POWER EMPLOYEES’ RETIREMENT PLAN

 

REGULAR MEETING AGENDA

 

JANUARY 22, 2014 – 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 January 22, 2014, 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.

Approval of Minutes

a)  November 27, 2013, Special Meetings

b)  December 11, 2013, Regular Meeting

 

 

 

14-54

14-55

2.

Termination from Rolls

a)  Termination of Monthly Allowance from the December 2013 Retirement Roll

b)  Termination of Monthly Allowance from the January 2014 Retirement Roll

 

 

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

 

 

 

3.

Report of Payment Authorizations

a)  November 2013

b)  December 2013

 

 

 

4.

Notice of Deaths

a)  November 2013

b)  December 2013

 

 

 

5.

Investment Reports for November 2013

a)      Summary of Investment Returns as of November 30, 2013

b)      Market Value of Investments by Fund and Month as of November 30, 2013

c)      Market Value of the Retirement, Death, and Disability Funds and Retiree Health Care Fund as of November 30, 2013

d)      Summary of Contract Expirations 

 

 

6.

Report on Status of Insurance as of January 10, 2014

 

 

 

7.

2014 Proposed Manager/Service Provider Presentations Schedule – Report from Pension Consulting Alliance, Inc.

 

 

REGULAR    (Items for discussion and action by the Board)

 

 

Reso

 

 

14-56

8.

Discussion of Special Actuarial Work for the Implementation of Plan Amendments and Other Services; and Possible Action

 

 

14-57

9.

Discussion of Retirement Plan Office Budget for Fiscal Year Ending 2014-2015; and Possible Action

 

 

14-58

10.

Discussion of Contract Extension for Loomis, Sayles & Company, L.P., High Yield Fixed-Income; and Possible Action

 

 

14-59

11.

Discussion of New Real Estate Investment Opportunity (Prologis Targeted U.S. Logistics Fund, L.P.); and Possible Action

 

 

14-60

12.

Discussion of Amendment of Investment Policy to Include Performance Watch Criteria for the Commodities Asset Class; and Possible Action

 

 

14-61

13.

Discussion of Gateway Investment Advisors, LLC – Covered Calls; and Possible Action

 

 

 

14.

Presentation by Pension Consulting Alliance, Inc. – 2013 Third Quarter Real Return Performance Report; and Possible Action

 

 

 

15.

Presentation by Courtland Partners – 2013 Third Quarter Real Estate Performance Report; and Possible Action

 

 

 

16.

RETIREMENT PLAN MANAGER’S COMMENTS

 

 

 

17.

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 January 17, 2014, at 8:30 a.m.