BOARD OF ADMINISTRATION

OF THE

WATER AND POWER EMPLOYEES’ RETIREMENT PLAN

 

REGULAR MEETING AGENDA

 

January 22, 2020 – 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 January 22, 2020, 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 Special Meeting Minutes of December 18, 2019

 

 

20-34

 

2.

Termination of Monthly Allowance from the December 2019 Retirement Roll

 

 

3.

Travel Authority for Retirement Board Member Adolfo Felix

 

 

 

4.

Travel Authorities for Retirement Board Member Mario Ignacio

 

 

 

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

 

 

 

5.

Report of Payment Authorizations for December 2019

 

 

 

6.

Notice of Deaths for December 2019

 

 

 

7.

Summary of Contract Expirations for January 2020

 

 

 

8.

Report on Status of Insurance for January 2020

 

 

 

9.

Investment Reports for November 2019

a)  Summary of Investment Returns as of November 30, 2019

b)  Market Value of Investments by Fund and Month as of November 30, 2019

c)  Market Value of the Retirement, Death, and Disability Funds and Retiree Health Care Fund as of November 30, 2019

 

 

 

10.

Report on Private Equity Investment in Green Equity Investors VIII

 

 

 

11.

Articles of Interest

 

 

 

 

 

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

 

 

 

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

 

 

 

 

20-35

20-36

12.

Presentation by Segal Consulting of the Annual Actuarial Valuations

      a) Death Benefit Fund as of July 1, 2019; Discussion and Possible Action

      b) Disability Fund as of July 1, 2019; Discussion and Possible Action

  

 

20-37

13.

Discussion of Retirement Plan Office Budget for Program Year 2020-2021; and Possible Action

 

 

20-38

14.

Discussion of Organizational Changes at Neuberger Berman, Active Extended Global Credit; and Possible Action

 

 

20-39

15.

Discussion of Passive Short Duration US TIPS Mandate; and Possible Action

 

 

20-40

16.

Discussion of Request for Proposals for Outside Fiduciary Counsel; and Possible Action

 

 

 

 

 

 

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

 

 

 

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 January 17, 2020.