BOARD OF ADMINISTRATION

OF THE

WATER AND POWER EMPLOYEES’ RETIREMENT PLAN

 

REGULAR MEETING AGENDA

 

FEBRUARY 13, 2019 – 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 13, 2019 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.

 

 


GENERAL PUBLIC COMMENTS ON MATTERS WITHIN THE BOARD’S JURISDICTION

 

CONSENT ITEMS (Approval of routine items; action taken on entire consent agenda and treated as separate vote on each)

Reso

 

 

 

 

1.

Approval of the Minutes of January 23, 2019

 

 

 

2.

Travel Authority for Retirement Board Member Adolfo Felix

 

 

 

 

3.

Travel Authority for Retirement Board Member Barry Poole

 

REPORTS TO THE BOARD (Items of Interest to the Board on which no action is taken)

 

 

 

4.

Investment Reports for December 2018

a) Summary of Investment Returns as of December 31, 2018

b) Market Value of Investments by Fund and Month as of December 31, 2018

c) Market Value of the Retirement, Death, and Disability Funds and Retiree Health Care Fund as of December 31, 2018

 

 

 

5.

Articles of Interest

 

 

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

 

 

CLOSED SESSION (Items for discussion and action by the Board)

 

 

19-57

6.

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

 

ITEMS FOR BOARD ACTION (Items for discussion and action by the Board)

 

Reso

 

 

 

19-58

19-59

7.

Discussion of Annual Cost of Living Adjustment

a) New Statistical Area for Consumer Price Index Used by the Bureau of Labor Statistics; and Possible Action

b) July 1, 2019, Annual Cost of Living Adjustment for Eligible Recipients of Monthly Retirement Plan Benefits; and Possible Action

 

19-60

8.

Discussion of Extension of Contract with Simpson & Simpson, CPAs; and Possible Action

 

19-61

9.

Discussion of Organizational Change at Los Angeles Capital Management; and Possible Action

 

PRESENTATIONS (Items for discussion on which no action is required by the Board)

 

 

 

10.

Annual Presentation by Earnest Partners – Domestic Small-Cap Value Equity Manager

 

 

11.

Annual Presentation by Emerald Advisers – Domestic Small-Cap Growth Equity Manager

 

 

12.

Presentation by StepStone Group – 2019 Private Equity Strategic Plan

 

 

13.

Presentation by StepStone Group – 2019 Real Estate Strategic Plan

 

 

14.

Presentation by StepStone Group – 2018 Third Quarter  Real Estate Performance Report

 

RETIREMENT PLAN MANAGER’S COMMENTS

 

 

CONSIDERATION OF 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 8, 2019.