BOARD OF ADMINISTRATION

OF THE

WATER AND POWER EMPLOYEES’ RETIREMENT PLAN

 

REGULAR MEETING AGENDA  

 

APRIL 8, 2015 – 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 April 8, 2015, 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)

 

1.

Request for Approval of Minutes for March 25, 2015, Regular Meeting

 

REGULAR    (Items for discussion and action by the Board)

 

Reso

 

15-59

2.

Discussion of Proposed Plan Amendment to eliminate the Reserve for Investment Gains and Losses Account; and Possible Action

 

15-60

3.

Discussion of Authorization to Procure Actuarial Tables Needed to Implement Two Proposed Plan Amendments; and Possible Action

 

15-61

4.

Discussion of Contract Extension for MFS Investment Management, International Developed Value Equity; and Possible Action

 

 

5.

Discussion of Pension Consulting Alliance, Inc. – 2015 Private Equity Strategic Plan

 

 

6.

Presentation by RVK, Inc. – 2014 Fourth Quarter Performance Report

 

 

7.

Presentation by RVK, Inc. – Asset/Liability Study

 

 

8.

Annual Presentation by Fred Alger & Company, Inc. – Large Cap Growth Manager

 

 

9.

Annual Presentation by T. Rowe Price Associates, Inc. – Large Cap Growth Manager

 

 

15-62

 

10.

CLOSED SESSION – PURSUANT TO GOVERNMENT CODE SECTION 54956.81 – To Consider the Purchase of One Particular, Specific Pension Fund Investment; and Possible Board Action

 

 

11.

CLOSED SESSION – PURSUANT TO SUBDIVISIONS (a) AND (d) OF 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)

 

REPORTS FOR REFERENCE

 

 

12.

Investment Reports for February 2015

a)      Summary of Investment Returns as of February 28, 2015

b)      Market Value of Investments by Fund and Month as of February 28, 2015

c)      Market Value of the Retirement, Death, and Disability Funds and Retiree Health Care Fund as of February 28, 2015

 

 

13.

RETIREMENT PLAN MANAGER’S COMMENTS

 

 

14.

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 April 3, 2015, at 8:30 a.m.