BOARD OF ADMINISTRATION

OF THE

WATER AND POWER EMPLOYEES’ RETIREMENT PLAN

 

REGULAR MEETING AGENDA

 

JUNE 22, 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 June 22, 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 June 8, 2016

 

 

16-102

 

2.

Termination of Monthly Allowance from the June 2016 Retirement Roll

 

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

 

 

 

3.

Report of Payment Authorizations for May 2016

 

 

 

4.

Notice of Deaths for May 2016

 

 

 

5.

Report on Status of Insurance as of June 9, 2016

 

 

 

6.

Report on Delaware Investment Advisers – On-Site Due Diligence Visit

 

 

REGULAR    (Items for discussion and action by the Board)

 

 

Reso

 

 

 

16-95

7.

 

 

Discussion of the Actuarial Experience Study for the Period July 1, 2012 through June 30, 2015, as Prepared and Presented by Segal Consulting; and Possible Action

 

a.  Report on Aligning Assumption Changes with Actuarial Factors Used in the Calculation of Retirement Allowances and Conversion to Optional Benefits Amounts

 

16-96

8.

Discussion of Phase-In Options for Increase in Employer Contribution Rate Due to Proposed Changes in Actuarial Assumptions; and Possible Action

 

 

9.

Presentation by RVK, Inc. – Emerging Manager Program Education - Part III

 

 

 

10.

CLOSED SESSION - PURSUANT TO SUBDIVISIONS (a) AND (d)(4) of GOVERNMENT CODE SECTION 54956.9 to Confer with, or Receive Advice from, Its Legal Counsel in Considering Whether to Move for Lead Plaintiff Status in Steeve Evellard, Individually and on Behalf of all Others Similarly Situated vs. Lendingclub Corporation, et al.

 

 

REPORTS FOR REFERENCE  (Items of Interest to the Board on which no action is taken)

 

 

 

11.

Investment Reports for April 2016

a)  Summary of Investment Returns as of April 30, 2016

b)  Market Value of Investments by Fund and Month as of April 30, 2016

c)  Market Value of the Retirement, Death, and Disability Funds and Retiree Health Care Fund as of April 30, 2016

d)  Summary of Contract Expirations

 

 

 

12.

RETIREMENT PLAN MANAGER’S COMMENTS

 

 

 

13.

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 May 20, 2016, at 8:30 a.m.