A meeting of the Retirement Board will be held on
November 12, 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.
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PUBLIC COMMENTS
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CONSENT(Approval
of routine, non-controversial items; action taken on entire consent
agenda and treated as separate vote on each) |
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Reso |
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15-25
15-26
15-27 |
1. |
Termination from Rolls
a)
Termination of William J. Gropp from the September 2014 Permanent
Total Disability Roll
b)
Termination of Richard L. Head from the September 2014 Permanent
Total Disability Roll
c)
Termination of Monthly Allowance from the November 2014 Retirement
Roll
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2. |
Investment Reports for September 2014
a)
Summary of Investment Returns as of September 30, 2014
b)
Market Value of Investments by Fund and Month as of September
30, 2014
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RECEIVED AND
FILED
(Items
of Interest to the Board on which no action is taken) |
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3. |
Report on MFS Institutional
Advisors, Inc., On-Site Due Diligence Visit
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REGULAR
(Items
for discussion and action by the Board)
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Reso |
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15-28 |
4. |
Discussion of Designation of Trustee
for Incompetents for William R. Groner; and Possible Action
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15-29 |
5. |
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15-30
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6. |
Presentation by Segal Consulting
a)
Governmental Accounting Standards (GAS) 67 Actuarial
Valuation of the Insured Lives Death
Benefit Fund for Noncontributing Members as of June 30, 2014;
Discussion and Possible Action
b)
Governmental Accounting Standards (GAS) 27 Disclosure of the
Insured Lives Death Benefit
Fund for Noncontributing Members as of June 30, 2014; Discussion and
Possible Action
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15-31 |
7. |
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8. |
Discussion of Request for Proposal
Responses for the U.S. Bank Loans Mandate; and Possible Action
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15-32 |
9. |
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15-33 |
10. |
Discussion of JP Morgan Strategic
Property Fund – Real Estate Manager; and Possible Action
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11. |
Annual Presentation by Morgan
Stanley AIP – Hedge Fund of Funds Manager
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12. |
Annual Presentation by GAM – Hedge
Fund of Funds Manager
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13. |
Presentation by Courtland Partners,
Ltd. – 2014 Second Quarter Real Estate Performance Report
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15-34 |
14. |
CLOSED SESSION
– PURSUANT TO GOVERNMENT CODE
SECTION 54956.81 TO CONSIDER THE PURCHASE OF ONE PARTICULAR,
SPECIFIC PENSION FUND INVESTMENT AND POSSIBLE BOARD ACTION
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15-35 |
15. |
CLOSED SESSION
– PURSUANT TO GOVERNMENT CODE
SECTION 54956.81 TO CONSIDER THE PURCHASE OF ONE PARTICULAR,
SPECIFIC PENSION FUND INVESTMENT AND POSSIBLE BOARD ACTION
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REPORTS FOR REFERENCE
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16. |
RETIREMENT PLAN MANAGER’S COMMENTS
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17. |
FUTURE AGENDA ITEMS
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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 November 7, 2014, at 4:00 p.m.