BOARD OF ADMINISTRATION

OF THE

WATER AND POWER EMPLOYEES’ RETIREMENT PLAN

 

REGULAR MEETING AGENDA

 

JULY 8, 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 July 8, 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.

 

Due to the COVID-19 pandemic, there are some changes to the meeting. Pursuant to the Mayor’s most recent Safer at Home order, dated April 10, 2020, the Retirement Board will be meeting remotely and the Boardroom will be closed to the public.

 

Members of the public who wish to listen to the Retirement Board meeting live can do so by calling the following telephone number at any time during the meeting:

 

·         (213) 306-3065 and entering 24589476# when prompted for a meeting ID number.

 

Members of the public who wish to offer public comment may do so telephonically by calling (213) 306-3065 and entering 1466067397# when prompted for a meeting ID number. The public comment phone line will be accessible starting at 8:45 a.m.

 

 

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 Regular Meeting Minutes of June 24, 2020

 

 

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

 

 

 

2.

Investment Reports for May 2020

a)  Summary of Investment Returns as of May 31, 2020

b)  Market Value of Investments by Fund and Month as of May 31, 2020

c)  Market Value of the Retirement, Death, and Disability Funds and Retiree

Health Care Fund as of May 31, 2020

 

 

 

 

 

 

  3.

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)

 

Reso

 

 

 

 4.

Discussion of Nominations and Appointment of Officers of the Board of Administration of the Water and Power Employees’ Retirement Plan; and Possible Action

 

 

 5.

Discussion of Plan Rebalance and Mandate Funding

 

 

 

 

 

 

 6.

Discussion of General Consultant Request for Proposal

 

 

 

 

 

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

 

 

 

 

 7.

Presentation by RVK, Inc. – Asset/Liability Study

 

 

 

 

 

 

 8.

Presentation by RVK, Inc. – Fixed Income Structure Education and Benchmark Review

 

 

 

 

 

 

 9.

Annual Presentation by Zeno Consulting Group – Trading Cost Analysis Provider

 

 

 

 

 

 

 

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 July 2, 2020.