BOARD OF ADMINISTRATION

OF THE

WATER AND POWER EMPLOYEES’ RETIREMENT PLAN

REGULAR MEETING AGENDA

June 23, 2021 – 9:00 A.M.

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

 

A meeting of the Board of Administration of the Water and Power Employees’ Retirement Plan will be held on June 23, 2021, 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 1872139102# 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 9, 2021

 

21-71

 

2.

Termination of Monthly Allowance from the May 2021 Retirement Roll

 

 

3.

Amendment to Travel Authority for Retirement Board Member Linda T. Ikegami

 

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

 

 

4.

Report of Payment Authorizations for May 2021

 

 

5.

Notice of Deaths for May 2021

 

 

6.

Summary of Contract Expirations for June 2021

 

 

7.

Report on Status of Insurance for June 2021

 

 

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

 

21-72

10.

Consideration of Waiver of Attorney-Client Privilege for City Attorney Advice to Board re: Recent Orders re: Securities Monitoring and Litigation Counsel Robbins Geller Rudman & Dowd LLP, and Bernstein Litowitz Berger & Grossmann LLP; and Possible Board Action

 

 

11.

Contingent on Waiver of Privilege per Item 10, Discussion of Advice; and Possible Board Action

 

 

 

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

 

 

12.

Presentation by StepStone Real Estate - 2020 Fourth Quarter Real Estate Performance Report

 

 

 

RETIREMENT PLAN MANAGER’S COMMENTS

 

 

CONSIDERATION OF FUTURE AGENDA ITEMS

 

 

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

Reso

 

 

 

 

 

 

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 June 18, 2021.