BOARD OF ADMINISTRATION

OF THE

WATER AND POWER EMPLOYEES’ RETIREMENT PLAN

 

REGULAR MEETING AGENDA

 

FEBRUARY 24, 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 February 24, 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 of February 10, 2016

 

 

16-65

 

2.

Termination of Monthly Allowance from the February 2016 Retirement Roll

 

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

 

 

 

3.

Report of Payment Authorizations for January 2016

 

 

 

4.

Notice of Deaths for January 2016

 

 

 

5.

Investment Reports for January 2016

a)  Summary of Investment Returns as of January 31, 2016

b)  Market Value of Investments by Fund and Month as of January 31, 2016

c)  Market Value of the Retirement, Death, and Disability Funds and Retiree Health Care Fund as of January 31, 2016

d)  Summary of Contract Expirations

 

 

 

6.

Report on Status of Insurance as of February 16, 2016

 

 

 

7.

Discussion of Organizational Change at T. Rowe Price Associates, Inc. – Large-Cap Growth Equity

 

 

 

REGULAR    (Items for discussion and action by the Board)

 

 

Reso

 

 

 

16-66

8.

Discussion of July 1, 2016, Annual Cost of Living Adjustment for Eligible Recipients of Monthly Retirement Plan Benefits; and Possible Action

 

 

16-67

9.

Discussion of Recognition for Staff Implementation of Plan Amendments Effective May 1, 2016; and Possible Action

 

 

16-68

10.

Discussion of Organizational Change at Pacific Asset Management; and Possible Action

 

 

 

 

11.

Presentation by Pension Consulting Alliance, LLC – 2015 Third Quarter Private Equity Performance

 

 

 

 

12.

Presentation by Pension Consulting Alliance, LLC – 2016 Private Equity Strategic Plan

 

 

 

 

13.

Presentation by Courtland Partners – 2016 Real Estate Strategic Plan

 

 

 

14.

RETIREMENT PLAN MANAGER’S COMMENTS

 

 

 

15.

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 February 19, 2016, at 8:30 a.m.