BOARD OF ADMINISTRATION

OF THE

WATER AND POWER EMPLOYEES’ RETIREMENT PLAN

 

REGULAR MEETING AGENDA

 

JULY 22, 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 July 22, 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)

Reso

 

 

 

 

1.

Request for Approval of Minutes of June 24, 2015, Regular Meeting

 

 

16-01

16-02

16-03

2.

a) Termination of Monthly Allowance from the July 2015 Retirement Roll

b) Termination of Janet M. Douglas from July 2015 Permanent Total Disability Roll

c) Termination of Lucrecia Segundo from July 2015 Permanent Total Disability Roll

 

 

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

 

 

 

3.

Report of Payment Authorizations for June 2015

 

 

 

4.

Notice of Deaths for June 2015

 

 

 

5.

Investment Reports for June 2015

a)  Summary of Investment Returns as of June 30, 2015

b)  Market Value of Investments by Fund and Month as of June 30, 2015

c)  Market Value of the Retirement, Death, and Disability Funds and Retiree Health Care Fund as of June 30, 2015

d)  Summary of Contract Expirations

 

 

 

6.

Report on Status of Insurance as of July 9, 2015

 

 

 

 

 

REGULAR    (Items for discussion and action by the Board)

 

 

Reso

 

 

 

 

7.

Discussion of Nominations and Appointment of Officers of the Board of Administration of the Water and Power Employees’ Retirement Plan; and Possible Action

 

 

 

8.

Discussion of Changes to Presentation of Payment Authorization Information, and Possible Action

 

 

16-04

9.

Discussion of Mortality Tables; and Possible Action

 

 

16-05

10.

Discussion of Actuarial Audit Services; and Possible Action

a)  Bolton Partners, Inc.

b)  Gabriel, Roeder, Smith & Company

c)  Bartel Associates, LLC

d)  Cheiron, Inc.

 

 

16-06

11.

Discussion of U.S. Small Cap Growth Equity Mandate; and Possible Action

a)  CastleArk Management

b)  EAM Investors

c)  Emerald Advisors

d)  Frontier Capital Management

e)  Peregrine Capital Management

f)   Wellington Management

 

 

 

12.

CLOSED SESSION PURSUANT TO SUBDIVISIONS (a) AND (d)(1) OF GOVERNMENT CODE SECTION 54956.9 to Confer with Legal Counsel Regarding Pending Litigation. Case: Official Committee of Unsecured Creditors of Motors Liquidation Company fka General Motors Corporation vs. JPMorgan Chase NA, Individually and as Administrative Agent, et al. [United States Bankruptcy Court, Southern District of New York, Chapter 11 Case No. 09-50025 (REG), Adversary Case No. 09-00504 (REG)]

 

 

 

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 July 17, 2015, at 8:30 a.m.