BOARD OF ADMINISTRATION

OF THE

WATER AND POWER EMPLOYEES’ RETIREMENT PLAN

 

REGULAR MEETING AGENDA

 

OCTOBER 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 October 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

 

 

 

 

 

 

 

15-21

 

1.

Termination of Monthly Allowance from the October 2014 Retirement Roll

 

 

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

 

 

 

 

2.

Report of Payment Authorizations for September 2014

 

 

 

3.

Notice of Deaths for September 2014

 

 

 

4.

Report on Status of Insurance as of September 17, 2014

 

 

 

5.

Investment Reports for August 2014

a)  Summary of Investment Returns as of August 31, 2014

b)  Market Value of Investments by Fund and Month as of August 31, 2014

c)  Market Value of the Retirement, Death, and Disability Funds and Retiree Health Care Fund as of August 31, 2014

d)  Summary of Contract Expirations

 

 

 

6.

Third Quarter 2014 Benefits Group Workload Statistics

 

 

REGULAR    (Items for discussion and action by the Board)

 

 

15-22

 

 

7.

Discussion of Proposed Changes to Insurance Requirements for Contracts Issued by the Retirement Board; and Possible Action

 

15-23

8.

Continued from August 27, 2014, Discussion of Proposed Plan Amendments; and Possible Action

a)  Eliminate the Reserve for Investment Gains and Losses

b)  Add Medical Professionals to Certify Time Off for Temporary and Extended Temporary Disability Benefits

c)  Actuarial Factors Used to Calculate Optional Benefits and the Interest Crediting Rate Applied to Member Contribution Accounts

 

 

15-24

 

9.

Discussion of Request for Proposal for General Consulting Services; and Possible Action

a)  RVK, Inc

b)  Pension Consulting Alliance, Inc

c)  NEPC LLC

d)  Meketa Investment Group, Inc.

 

 

 

 

 

 

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