AGENDA

BOARD OF RETIREMENT

SAN BERNARDINO COUNTY EMPLOYEES' RETIREMENT ASSOCIATION

July 5, 2012

9:00 AM

Board Room

348 West Hospitality Lane, First Floor

San Bernardino, California

 

PUBLIC NOTICE

 

Items of interest to the public that are within the subject matter jurisdiction of the Retirement Board may be addressed by the public during the meeting.  Persons wishing to address items on the agenda should provide notice to the Secretary of the Board prior to Board’s discussion of the item. Members of the public may also comment during the Public Comment period at the end of the meeting.

 

1.

Call meeting to order.

 

PUBLIC COMMENT

 

CONSENT

 

The following consent items are expected to be routine and will be acted upon by the Board at one time without discussion unless a Board member, staff member or the public requests an item to be held for discussion.

 

2.

Action: Approve minutes of regular meeting of June 7, 2012.

 

 

3.

Service Retirements:

Effective Date

 

Alacio, Eduardo

Human Services

06/16/2012

Alexander, Barbara

Sheriff (Def)

07/06/2012

Ashton, Robert

Sheriff

06/30/2012

Beasly, Jenny

Aging & Adult Services

08/11/2012

Black, Michael D

Children & Family Services

06/16/2012

Boatright, Diana M

Human Services

06/30/2012

Christopher, Elizabeth

Public Health

06/30/2012

Clark, Lance R

Sheriff

06/30/2012

Coulter, Judith L

Children & Family Services

06/11/2012

Cruz, Patricia E

ARMC

06/16/2012

Emon, Lora L

Special Districts

06/30/2012

Finley, Karl

Probation (Def)

07/06/2012

Givens, Janis

Public Health (Def)

07/01/2012

Hernandez, Lisa

Treasurer-Tax Collector (Def)

06/18/2012

Hosni, Barbara

Purchasing

06/02/2012

Hyder, Syed

SCAQMD (Def)

06/14/2012

Jones, Avelina

Sheriff

07/14/2012

Kelch, Denise

Sheriff

06/30/2012

Lehr, Alan R

Public Works

06/30/2012

Mezzanato, Tally J

Public Health

08/15/2012

Navarro, Vicki L

Human Services

07/28/2012

Pesta. James

PERC

06/16/2012

Peterson, Phillip P

Information Services (Def)

07/14/2012

Plybon, Linda K

Sheriff

07/14/2012

Rice, Bonnie K

Children & Family Services

07/28/2012

Ritchea, Danny F

Sheriff

06/30/2012

Seefeldt, Linda M

Child Support Services

06/30/2012

Short, Patricia D

Superior Court (Def)

06/01/2012

Thornton, Kathleen B

Child Support Services (Def)

06/02/2012

 

4.

Staff Travel:

 

 

a.

Approve the attendance of Michael Tamony to PhoneGap Day to be held in Portland, OR, on July 20, 2012.

 

5.

Disability Applications - Initial Decision:

Date of Application

 

a.

Amundsen, Peggy

Sheriff

02/27/2012

b.

Davis, Jerry A.

Sheriff

11/14/2011

c.

Martinez, Diane M.

Human Services

02/08/2012

d.

Sipes, Steven D.

County Fire

11/01/2011

e.

Swan, Dean L

Sheriff

12/21/2011

f.

Veisaga, Henrietta

ARMC

03/27/2012

 

6.

Disability Applications - Formal Hearing:

Date of Application

 

a.

Simmons, Darla

Fleet Management

10/23/2009

b.

St. Charles, Juli-Anne

Preschool Services

4/23/2009

 

CLOSED SESSION

 

7.

Public Employee Annual Performance Evaluation - Government Code Section 54957 – Chief Executive Officer.

 

8.

Conference with Legal Counsel - Anticipated Litigation – Significant Exposure to Litigation - Government Code Section 54956.9(b) – Two Cases.

 

OPEN SESSION

 

9.

Investment Committee Report.

 

a.

Report of the meeting conducted June 12, 2012.

 

 

b.

Action:  Approve a $45 Million Commitment to the Tennenbaum Waterman Fund.

 

 

c.

Action:  Terminate MSCI Barra Risk Reporting Services and Replace with Consolidated Risk Reporting Services from Maples Fund Services.

 

 

d.

Action:  Approve to Consider a Two Year Engagement for Research Services with Roubini Global Economics.

 

 

e.

Action:  Approve the Proposed Asset Allocation and Structure.

 

 

f.

Action:  Approve the 2013 Fiscal Year Budget for the Core Real Estate Portfolio Managed by American Realty Advisors.

 

10.

Ratify the attendance of Fiorino and Williams to the Kohlberg, Kravis, Roberts and Co. conference, held June 10 - 12 in Palos Verdes, CA.

 

11.

Report by the Trustees concerning conferences attended (as specified by the Trustee Education/Training Policy).

 

12.

Staff Reports:

 

a.

Chief Executive Officer's Report.

 

 

b.

Review California Retirement Legislation for 2011 - 2012.

 

 

c.

Investment Performance Report.

 

PUBLIC COMMENT

 

At this time, the Board will provide an opportunity for the public to address any subject, within the jurisdiction of the Board, which is not already scheduled on this agenda.  Board members may respond briefly to statements made or questions posed.  They may ask a question for clarification and, through the Chairman, make a referral to staff for factual information or request staff to report back to the Board at a later meeting.  Speakers are limited to three minutes.

 

ADJOURN

 

NOTES

 

The term "Action" in the wording of any Agenda item contained herein serves as notice that the Board may, in its discretion, dispose of any item by any action in the following non-exclusive list:  approve, disapprove, modify, defer, table, take no action, and receive and file.

 

The Board of Retirement meeting facility is accessible to persons with disabilities. If assistive listening devices or other auxiliary aids or services are needed in order to participate in the public meeting, requests should be made through the Executive Assistant at least three (3) business days prior to the Board meeting.  The Executive Assistant’s telephone number is (909) 885-7980, and the office is located at 348 W. Hospitality Lane, Third Floor, San Bernardino, CA.

 

 

UPCOMING MEETINGS

 

 

Investment Committee Meeting

Tuesday, July 10, 2012

2:00 p.m.

 

Administrative Committee Meeting

Tuesday, July 17, 2012

2:00 p.m.

 

Benefits and Compensation Committee Meeting

Tuesday, July 17, 2012

2:30 p.m.

 

Board of Retirement Meeting

Thursday, August 2, 2012

9:00 a.m.