BOARD OF ADMINISTRATION

OF THE

WATER AND POWER EMPLOYEES’ RETIREMENT PLAN

 

REGULAR MEETING AGENDA

 

JANUARY 27, 2016 – 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 January 27, 2016, 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.

Approval of the Minutes

a)  December 9, 2015, Regular Meeting

b)  December 16, 2015, Special Meeting

 

 

16-52

16-53

16-54

 

2.

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

b) Termination of Monthly Allowance from the January 2016 Retirement Roll

c) Termination of Tony I. Morrison from December 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

a)  November 2015

b)  December 2015

 

 

 

4.

Report of Deaths

a)  November 2015

b)  December 2015

 

 

 

5.

Investment Reports for November 2015

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

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

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

d)  Summary of Contract Expirations

 

 

6.

Investment Reports for December 2015

a)  Summary of Investment Returns as of December 31, 2015

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

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

d)  Summary of Contract Expirations

 

 

 

7.

Report on Status of Insurance as of January 20, 2016

 

 

REGULAR    (Items for discussion and action by the Board)

 

 

Reso

 

 

 

16-55

8.

Discussion of Consent to Ownership Change at Russell Implementation Services, Inc.; and Possible Action

 

 

16-56

9.

Discussion of Contract Extension for T. Rowe Price Associates, Inc. Large Cap Growth Equity; and Possible Action

 

 

16-57

10.

Discussion of Contract Extension for Western Asset Management Company, Global Inflation Linked Securities; and Possible Action

 

 

16-58

11.

Discussion of Contract Extension for JP Morgan Investment Management, Inc., Principal Protection; and Possible Action

 

 

16-59

12.

Discussion of Contract Extension for Dimensional Fund Advisors, Global Real Estate Securities Mandate; and Possible Action

 

 

 

13.

Discussion of Post-Trade Transition Report by Blackrock Transition Management

 

 

 

14.

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

 

 

 

15.

Presentation by RVK, Inc. – 2015 Third Quarter Plan Portfolio Performance Report

 

 

 

16.

Presentation by RVK, Inc. – 2015 Third Quarter Real Return Performance Report

 

 

16-60

17.

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

 

 

 

18.

CLOSED SESSION – PURSUANT TO GOVERNMENT CODE SECTION 54957(b)(1) to Consider Board Review of the Evaluation of City Attorney Services for the Period of October 1, 2015 through December 31, 2015

 

 

 

19.

RETIREMENT PLAN MANAGER’S COMMENTS

 

 

 

20.

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 January 22, 2016, at 8:30 a.m.