BOARD OF ADMINISTRATION

OF THE

WATER AND POWER EMPLOYEES’ RETIREMENT PLAN

 

REGULAR MEETING AGENDA

 

SEPTEMBER 28, 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 September 28, 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 September 14, 2016

 

 

17-17

 

2.

Termination of Monthly Allowance from the September 2016 Retirement Roll

 

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

 

 

 

3.

Report of Payment Authorizations for August 2016

 

 

 

4.

Notice of Deaths for August 2016

 

 

 

5.

Summary of Contract Expirations

 

 

 

6.

Report on Status of Insurance as of September 15, 2016

 

 

REGULAR    (Items for discussion and action by the Board)

 

 

Reso

 

 

 

17-18

17-19

7.

 

Discussion of the Annual Transfer of Funds from the Reserve for Investment Gains and Losses Account to the General Reserve Account; and Possible Action

17-20

8.

Presentation by Segal Consulting of the Annual Actuarial Valuation of the Retirement Plan Including the Recommended Increase in the Department Contribution Rate and the Governmental Accounting Standards 67; Discussion and Possible Action

 

17-21

9.

Discussion of Emerging Manager Program; and Possible Action

 

 

 

10.

Presentation by RVK, Inc. – 2016 Second Quarter Portfolio Performance Report

 

 

11.

Presentation by RVK, Inc. – 2016 Second Quarter Real Return and Hedge Funds Portfolio Performance Report

 

 

12.

Discussion of Selection Process for Assistant Retirement Plan Manager

 

 

 

13.

CLOSED SESSION - PURSUANT TO SUBDIVISIONS (a) AND (d)(1) OF GOVERNMENT CODE SECTION 54956.9 to Confer with, or Receive Advice from, Legal Counsel Regarding the Consolidated Class Action Against LendingClub Corporation Pending in the United States District Court, Northern District of California

 

 

 

14.

CLOSED SESSION – PURSUANT TO GOVERNMENT CODE SECTION 54957(b)(1) for Discussion of Evaluation of City Attorney Services for the Period of January 1, 2016 through June 30, 2016; and Possible Action

 

 

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

 

 

 

15.

Investment Reports for June 2016

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

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

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

 

 

 

16.

Investment Reports for July 2016

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

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

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

 

 

 

17.

RETIREMENT PLAN MANAGER’S COMMENTS

 

 

 

18.

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 23, 2016, at 8:30 a.m.