BOARD OF ADMINISTRATION

OF THE

WATER AND POWER EMPLOYEES’ RETIREMENT PLAN

 

REGULAR MEETING AGENDA

 

MAY 28, 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 May 28, 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)      March 26, 2014, Regular Meeting

b)      March 26, 2014, Special Meeting

 

 

14-85

 

2.

Termination from Rolls – Termination of Monthly Allowance from the May 2014 Retirement Roll

 

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

 

 

 

3.

Report of Payment Authorizations for April 2014

 

 

 

4.

Notice of Deaths for April 2014

 

 

 

5.

Investment Reports for April 2014

a)      Summary of Investment Returns as of April 30, 2014

b)      Market Value of Investments by Fund and Month as of April 30, 2014

c)      Market Value of the Retirement, Death, and Disability Funds and Retiree Health Care Fund as of April 30, 2014

d)      Summary of Contract Expirations

 

 

 

6.

Report on Status of Insurance as of May 20, 2014

 

 

 

REGULAR    (Items for discussion and action by the Board)

 

 

Reso

 

 

14-86

 

7.

Discussion of Annual Evaluation of City Attorney Services; and Possible Action

 

 

14-87

8.

Discussion of Establishing Contracts to Hire Outside Fiduciary Counsel; and Possible Action

 

 

 

9.

Discussion of Request for Information for Actuarial Consulting Services; and Possible Action

 

 

 

10.

Presentation by Pension Consulting Alliance, Inc. – 2014 First Quarter Performance Report

 

 

 

11.

CLOSED SESSION – PURSUANT TO GOVERNMENT CODE SECTION 54956.9(a) – To Confer with Legal Counsel Regarding Pending Litigation in the United States District Court Case of In re Bank of New York Mellon, Case Number 12 MD 2335 LAK (SDNY)

 

 

 

12.

RETIREMENT PLAN MANAGER’S COMMENTS

 

 

 

13.

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 23, 2014, at 8:30 a.m.