BOARD OF ADMINISTRATION

OF THE

WATER AND POWER EMPLOYEES’ RETIREMENT PLAN

 

REGULAR MEETING AGENDA

 

SEPTEMBER 23, 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 September 23, 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 September 9, 2015, Regular Meeting

 

 

16-21

 

2.

Termination of Monthly Allowance from the September 2015 Retirement Roll

 

 

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

 

 

 

3.

Report of Payment Authorizations for August 2015

 

 

 

4.

Notice of Deaths for August 2015

 

 

 

5.

Investment Reports for August 2015

a)  Summary of Investment Returns as of August July 31, 2015

b)  Market Value of Investments by Fund and Month as of August 31, 2015

c)  Market Value of the Retirement, Death, and Disability Funds and Retiree Health Care Fund as of August 31, 2015

d)  Summary of Contract Expirations

 

 

 

6.

Report on Status of Insurance as of September 9, 2015

 

 

 

7.

Report on Dimensional Fund Advisors – On Site Due Diligence Visit

 

 

 

8.

Report on J.P. Morgan Asset Management, Inc. – Core Fixed Income – On Site Due Diligence Visit

 

 

REGULAR    (Items for discussion and action by the Board)

 

 

Reso

 

 

 

16-22

9.

Discussion of Contract for Vontobel Asset Management, Inc., Emerging Markets Equity; and Possible Action

 

 

 

10.

Presentation by RVK, Inc. – Hedge Funds Strategy Education

 

 

16-23

11.

Presentation by RVK, Inc. –  Asset Allocation Study; Discussion and Possible Action

 

 

16-24

 

12.

Presentation by Segal Consulting of the Annual Actuarial Valuation of the Retirement Plan and Recommended Increase in the Department Contribution Rate; Discussion and Possible Action

 

 

16-25

13.

Presentation by Segal Consulting of the Retirement Plan  Governmental Accounting Standard (GAS) 67 Actuarial Valuation as of June 30, 2015; Discussion and Possible Action

 

 

16-26

 

14.

Presentation by Segal Consulting of the Insured Lives Death Benefit Fund for Noncontributing Members, Governmental Accounting Standard (GAS) 67 Actuarial Valuation as of June 30, 2015; Discussion and Possible Action

 

 

 

15.

RETIREMENT PLAN MANAGER’S COMMENTS

 

 

 

16.

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 September 18, 2015, at 8:30 a.m.