BOARD OF ADMINISTRATION

OF THE

WATER AND POWER EMPLOYEES’ RETIREMENT PLAN

 

REGULAR MEETING AGENDA

 

OCTOBER 28, 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 October 28, 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 October 14, 2015, Regular Meeting

 

 

16-28

16-29

16-30

 

2.

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

b) Termination of Toney E. Bible from October 2015 Permanent Total Disability Roll

c) Termination of Richard Gershon from October 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 September 2015

 

 

 

4.

Notice of Deaths for September 2015

 

 

 

5.

Investment Reports for September 2015

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

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

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

d)  Summary of Contract Expirations

 

 

 

6.

Report on Status of Insurance as of October 20, 2015

 

 

 

7.

Presentation by Pension Consulting Alliance, Inc. – 2015 First Quarter Private Equity Performance Report

 

 

 

 

 

 

 

 

 

 

 

REGULAR    (Items for discussion and action by the Board)

 

 

Reso

 

 

 

16-31

8.

Discussion of the Target Asset Allocation Implementation Plan; and Possible Action

 

 

16-32

9.

Discussion of the Global Real Estate Investment Trust Guidelines; and Possible Action

 

 

 

10.

Presentation by Pension Consulting Alliance, Inc. – 2015 Second Quarter Private Equity Performance Report

 

 

 

11.

Presentation by Courtland Partners – 2015 Second Quarter Real Estate Performance Report

 

 

16-33

12.

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

 

 

16-34

13.

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

 

 

 

14.

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)]

 

 

 

15.

CLOSED SESSION – PURSUANT TO GOVERNMENT CODE SECTION 54957(b)(1) to Consider Board Review of the Annual Evaluation of City Attorney Services for the Period of July 1, 2015 through September 30, 2015

 

 

 

16.

RETIREMENT PLAN MANAGER’S COMMENTS

 

 

 

17.

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 23, 2015, at 8:30 a.m.