RETIREMENT BOARD OF ADMINISTRATION

WATER AND POWER EMPLOYEES’ RETIREMENT PLAN

 

SPECIAL MEETING AGENDA  

 

DECEMBER 1, 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 December 1, 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.)

 

11-40

11-41

 1.

 

 

 

Termination from Rolls

      Termination of Monthly Allowance from the November 2010 Retirement Roll

      Termination of Verda R. Samson from the November 2010 Survivorship Roll

1.1 – 1.2

 

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

 

 

  2.

Report of Payment Authorizations for October 2010

2.1 – 2.77

 

  3.

Notice of Deaths for October 2010

3

 

  4.

Investment Reports

a)  Summary of Investment Returns as of October 31, 2010

b)  Market Value of Investments by Fund and Month as of October 31, 2010

c)  Market Value of the Retirement, Death, and Disability Funds and Retiree Health       Care Fund as of October 31, 2010

 

 

4a.1 – 4a.7

4b.1 – 4b.2

4c.1 – 4c.2

 

  5.

Report on Status of Insurance as of November 16, 2010

5

REGULAR              (Items for discussion and action by the Board)

 

 

 

  6.

Presentation by Pension Consulting Alliance, Inc. – Third Quarter Performance Review as of September 30, 2010

6

 

  7.

Presentation by Pension Consulting Alliance – Second Quarter Private Equity Performance Report for Period Ending June 30, 2010

7

 

REGULAR   (Continued)

 

 

  8.

 

Presentation by Pension Consulting Alliance, Inc. for Covered Call Asset Class

 

 

8

11-42

  9.

Discussion of The Boston Company Asset Management Performance; and Possible Action

9.1 – 9.11

11-43

10.

Discussion of Aetos Alternatives Management Performance; and Possible Action

10.1 – 10.10

11-44

11.

Discussion to Extend the Contract with BNY Mellon; and Possible Action

11.1 – 11.3

11-45

12.

Discussion of Plan Amendment with Respect to Distribution Methods Available Under the Additional Annuity Program; and Possible Action

 

12.1 – 12.10

 

13.

CLOSED SESSION PURSUANT TO GOVERNMENT SECTION CODE SECTION 54956.9(c), the Board of Administration will convene in closed session to consider initiating civil litigation

 

13

RETIREMENT PLAN MANAGER’S COMMENTS

 

 

14.

 

14

 

 

 

 

FUTURE AGENDA ITEMS

 

 

15.

 

14

         

 

 


 

 

In compliance with Government Code Section 44947.4, 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 347, Los Angeles, California 90012, or at the scheduled meeting.

 


 

 

 

 

Posted on November 23, 2010