BOARD OF ADMINISTRATION

OF THE

WATER AND POWER EMPLOYEES’ RETIREMENT PLAN

 

REGULAR MEETING AGENDA

 

JULY 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 July 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.

 

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 1466057262# 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 July 8, 2020

 

 

21-01

 

 2.

Termination of Monthly Allowance for July 2020

 

 

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

 

 

 

 3.

Report of Payment Authorizations for June 2020

 

 

 

 4.

Notice of Deaths for June 2020

 

 

 

 5.

Summary of Contract Expirations for July 2020

 

 

 

 

 

 

 6.

Report on Status of Insurance for July 2020

 

 

 

 

 

 

 7.

Report on Real Estate Investment in Torchlight Debt Fund VII, L.P.  

 

 

 

 8.

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

 

 

 

 9.

Discussion of Audit Program for Fiscal Year Ended June 30, 2020

 

 

10.

Discussion of In-Kind Distribution Management Services Mandate

 

 

 

11.

 

Discussion of the Retirement Plan Manager Selection

 

 

 

 

 

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

 

 

 

 

12.

Presentation by StepStone Group – 2019 Fourth Quarter Private Equity Performance Report

 

 

 

 

 

RETIREMENT PLAN MANAGER’S COMMENTS

 

 

 

 

CONSIDERATION OF FUTURE AGENDA ITEMS

 

 

 

 

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

 

Reso

 

 

21-02

13.

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

 

 

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 17, 2020.