RETIREMENT BOARD OF ADMINISTRATION

WATER AND POWER EMPLOYEES’ RETIREMENT PLAN

 

SPECIAL MEETING AGENDA  

 

AUGUST 18, 2010 - 10:00 A.M.

 
       ROOM 1555-H, 111 NORTH HOPE STREET, LOS ANGELES, CA 90012

 

A special meeting of the Retirement Board will be held on August 18, 2010, convening at 10:00 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.

 

Reso

Item

Description of Agenda Item

Page

 

 

 

 

PUBLIC COMMENTS

 

 

CONSENT      (Approval of routine, non-controversial items; action is taken on the whole Consent Agenda and

                                     is treated as a separate vote on each item.)

 

 

 

 

 

 

11-04

11-05

11-06

 

11-07

11-08

 1.

 

 

 

 

2.

Request for Approval of Minutes:

a) June 23, 2010, Regular Meeting Minutes

b) June 23, 2010, Special Meeting Minutes

c) July 14, 2010, Regular Meeting Minutes

 

Termination from Rolls

      Termination from July 2010 Retirement Roll    

      Termination of Georgia M. Shilling from the August 2010 Survivorship Roll

      Termination of K’Nedy U. Boddie and Kelsy J. Boddie from the August 2010                Family Death Benefit Roll

Termination of John D. McEntire from the July 2010 Family Death Benefit Roll

Termination of Jessica N. Sparks from the July 2010 Family Death Benefit Roll

 

 

1a.1 – 1a.6

  1b.1 – 1b.2

1c.1 – 1c.6

 

 

 

2.1 – 2.5

 

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

 

 

 3.

Report of Payment Authorizations for June 2010

 3.1 –  3.73

 

 4.

Notice of Deaths for June 2010

4

 

 5.

a)  Summary of Investment Returns as of June 30, 2010

b)  Market Value of Investments by Fund and Month as of June 30, 2010

c)  Market Value of the Retirement, Death, and Disability Funds and Retiree Health       Care Fund as of June 30, 2010

 

5a.1 – 5a.7

5b.1 – 5b.3

5c.1 – 5c.2

 

 

 

 

RECEIVED AND FILED  (Continued)

 

 

 6.

Report on Status of Insurance as of July 15, 2010

6

 

 7.

Report on Organizational Change at Lexington Partners

7.1 – 7.9

 

 8.

Report on Organizational Change at Pacific Alternative Asset Management Co.

8.1 – 8.7

REGULAR              (Items for discussion and action by the Board)

 

 

 9.

Presentation by The Segal Company on the  Financial Impact of Recent Transfers from the Los Angeles City Employees’ Retirement System to the Water and Power Employees’ Retirement Plan, and Related Matters

 

9.1 – 9.9

 

10.

Presentation by Courtland Partners, Ltd.  – First Quarter 2010 Real Estate Portfolio Performance

 

10

11-09

11.

Discussion of Proposed Changes to the Real Estate Investment Policy; and Possible Action

 

11.1 – 11.2

11-10

12.

Discussion of Request to Extend the Contract with Ernest Partners LLC; and Possible Action

 

12.1 – 12.5

11-11

13.

Discussion of Request for Approval of Consent Issued by Landmark Equity Partners Fund XIV; and Possible Action

 

13.1 – 13.16

 

14.

Discussion of Request to Change the Time for the Retirement Board Meetings; and Possible Action

 

14

 

15.

Discussion of the Status of the Approved Budgeted Positions for the Retirement Office; and Possible Action

 

15

 

16.

Discussion of City Attorney’s Report on Governance Issues; and Possible Action

 

16

 

17.

Discussion of Exception to Retirement Plan Provision with Respect to Retirement Applications; and Possible Action

 

17.1 – 17.2

CLOSED SESSION

11-12

18.

CLOSED SESSION PURSUANT TO GOVERNMENT CODE SECTION 54956.9(a), to confer with legal counsel and potentially take action regarding pending litigation in which the Board is a claimant, In re: Bankruptcy of Moeller, and Board of Administration v. Moeller

 

18

RETIREMENT PLAN MANAGER’S COMMENTS

                 19.

 

 

19

FUTURE AGENDA ITEMS

                 20.

 

20

         

In compliance with Government Code Section 54957.5, 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 August 13, 2010, at 8:30 a.m.