AGENDA

BOARD OF RETIREMENT

SAN BERNARDINO COUNTY EMPLOYEES' RETIREMENT ASSOCIATION

August 3, 2017

9:00 AM

Board Room

348 West Hospitality Lane, First Floor

San Bernardino, California 92415

 

PUBLIC NOTICE

 

Items of interest to the public that are within the subject matter jurisdiction of the Board of Retirement, hereinafter referred to as “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 Open Session.  Speakers are limited to three minutes.

 

1.

Call meeting to order.

 

2.

Swearing In of Newly Appointed Board Member.

 

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.

 

3.

Action: Approve minutes of regular meeting of July 6, 2017.

 

 

4.

Service Retirements:

Effective Date

 

Adams, Jeffery

City of Chino Hills (DEF)

08/17/2017

Alvarez, Kirsten

District Attorney

08/19/2017

Arredondo, Gloria

ARMC

08/19/2017

Bautista, Angelo B.

Sheriff-Coroner

07/08/2017

Benitez, Carmencita P.

Special Districts

07/22/2017

Bergmann, Luz A.

ARMC

08/05/2017

Bermudez, John

ARMC

07/22/2017

Boldt, Rhonda

Human Services

07/22/2017

Britt, Wendy L.

Sheriff-Coroner

08/19/2017

Bulf, Leah L.

Child Support Services

07/23/2017

Cabana, Debra

Sheriff-Coroner

08/19/2017

Cannon, Scott

Sheriff-Coroner

08/19/2017

Colly, Joy

Superior Court

07/22/2017

Cox, Donald R.

Sheriff-Coroner

08/19/2017

Crane, Deborah

ARMC

06/24/2017

Elbert, Matthew

Public Health

08/19/2017

Fletcher, Cathy

ARMC

02/16/2017

Garten, Troy J.

ARMC (DEF)

06/13/2017

Graham, Edward M.

City of Chino Hills

07/08/2017

Hammon, Joyce M.

Human Services

08/05/2017

Hamner, Elizabeth

Assessor

07/08/2017

Johnson, Robert

Public Works

07/22/2017

King, Yvonne

Workforce Development (DEF)

08/06/2017

Lasiter, Steven G.

SB County Fire

08/05/2017

Leonard, Shirly

Human Services

08/19/2017

Levine, Letitia

District Attorney

08/19/2017

Little, Peggy S.

CFS

08/05/2017

Lumley, Dennis M.

Facilities Management

07/22/2017

Marshall, Marty

Facilities Management

07/22/2017

Martin, Sherylle

Public Health

07/23/2017

Meadows, Dawn

CFS (DEF)

07/22/2017

Menor, Betty

ARMC

08/05/2017

Miramontez, Paulette

ARMC

07/08/2017

Mitchell, Lauretta

Sheriff-Coroner (DEF)

08/15/2017

Montoya, Konnie

CFS

07/22/2017

Moreno, Mario R.

TAD

08/19/2017

Narez, Ruben

ARMC

08/19/2017

Newcombe, Gerald M.

Public Works

09/02/2017

Paprocki, Robert E.

Sheriff-Coroner (DEF)

07/16/2017

Parle, Lena

Superior Court

09/02/2017

Payfer, James

Special Districts (DEF)

06/04/2017

Pease, Deborah S.

ARMC

08/05/2017

Petre, Patrick

ARMC (DEF)

08/02/2017

Rivera, Concepcion

Superior Court

06/29/2017

Romero, Benjamin

Human Services

07/22/2017

Saito, Dean K.

SCAQMD

08/12/2017

Sanchez-Lopez, Amelia

Public Health

09/02/2017

Savala, Rebecca

TAD

07/29/2017

Sistrunk, Darlene K.

Sheriff-Coroner (DEF)

07/01/2017

Story, Carol

Risk Management

07/22/2017

Stringer, William H.

Sheriff-Coroner

08/05/2017

Stumpf, Thomas J.

Sheriff-Coroner

07/08/2017

Takoonsawat, Chanya

ARMC (DEF)

06/27/2017

Tomlin, Robert

Sheriff-Coroner (DEF)

07/06/2017

Vercher, Nelda S.

Sheriff-Coroner

07/22/2017

Williams, Marnie

District Attorney

08/19/2017

Winter, Susan

ARMC

09/02/2017

 

5.

Rescind Retirement Application:

Date of Application

 

a.

Heft, Cynthia

PSD

05/27/2017

 

 

 

6.

Travel:

 

 

a.

Action:  Approve the attendance and related expenses of up to four (4) Trustees and the Chief Executive Officer to the 2017 Public Funds Forum to be held in San Diego, California, on September 5-7, 2017.

 

 

b.

Action: Approve the attendance and related expenses of Maria Dizon, Karl Rubow (or alternate) and Monica Vargas (or alternate) to the 21st LRS Pension Gold Teaming Conference to be held in Springfield, Illinois from September 18-22, 2017.

 

 

c.

Action:  Approve the attendance and related expenses of up to four (4) Trustees to the Institutional Investors West Coast Strategic Asset Allocation Symposium to be held in Berkeley, California, on September 26, 2017.

 

7.

Disability Applications - Initial Decision:

Date of Application

 

a.

Garcia-Usry, Lydia

Public Health

07/20/2016

b.

Hernandez, Sandra A.

Human Services

04/03/2017

c.

Negrete, Ramon

ARMC

10/19/2016

d.

Perry, Jeff

District Attorney

09/21/2016

e.

Schenck, Timothy

County Fire

01/22/2016

 

8.

Disability Applications – Reconsideration:

Date of Application

 

a.

Lozano, Frankie

Probation

05/11/2015

 

PUBLIC COMMENT

 

Persons wishing to address items on the Closed Session agenda should provide notice to the Secretary of the Board prior to the beginning of Closed Session.  Speakers are limited to three minutes.

 

CLOSED SESSION

 

Any Closed Session Disability Applications, whether pulled from the Consent Agenda or originally agendized as a Closed Session Agenda item, will be considered in Closed Session unless the applicant specifically waives confidentiality and requests that his or her application be considered in Open Session.

 

Disability Applications - [Article 1, Section 1, California Constitution (Right to Privacy) and California Government Code Section 54957]:

 

Any Disability Retirement Application removed from the Consent Agenda, unless the member requests that the application be considered in Open Session.

 

 

 

9.

Initial Decision:

Date of Application

 

a.

Bean, Patricia

ARMC

08/19/2015

b.

Owens, Kenneth V.

Airports

04/05/2016

c.

Wilson, Jacqueline

County Fire

03/09/2016

 

10.

Formal Hearing:

Date of Application

 

a.

Ford, Vanessa

Behavioral Health

04/15/2014

 

Conference with Legal Counsel

 

11.

CONFERENCE WITH LEGAL COUNSEL - ANTICIPATED LITIGATION.  Initiation of litigation pursuant to paragraph (4) of subdivision (d) of Section 54956.9 of the Government Code - One (1) Case.

 

12.

CONFERENCE WITH LEGAL COUNSEL – EXISTING LITIGATION, pursuant to paragraph (1) of subdivision (d) of Government Code Section 54956.9. Inland Valley Development Agency, et. al. v. Michael Cohen, et. al. (Sacramento Superior Court Case No. 34-2017-8002615) – One (1) Case.

 

OPEN SESSION

 

13.

Report by Counsel on actions taken in Closed Session.

 

14.

Presentation by NEPC of their Quarterly Investment Performance Review for the period ending June 30, 2017.

 

15.

Action: Authorize Chief Counsel, with the concurrence of the Chief Executive Officer, to retain the service of a law firm with expertise in Federal and California labor issues, and authorize a supplemental appropriation of $50,000 to the non-administrative budget to fund the provision of the law firm’s services.

 

16.

Action: Approve Special Assignment Compensation (SAC) in the amount of 7.5% of present base salary for the Accounting Manager-Investments, effective July 8, 2017, and for the duration of the present Accounting Manager-Benefits vacancy.

 

17.

Administrative Committee Report.

 

a.

Report on the meeting conducted on July 20, 2017.

 

 

b.

Action: Approve the resolution designating employer pay codes of employee compensation included in compensation earnable (for Tier 1 members) and pensionable compensation (for Tier 2 members).

 

 

c.

Action: Approve amendments to General Policy No. 002 (Issue 2.0) - Statement of Governance Principles, including combining it with General Policy No. 003 (Code of Ethics) and renaming it “Statement of Governance Principles and Code of Ethics,” and repeal General Policy No. 003 (Issue 1.0) Code of Ethics.

 

 

d.

Action:  Approve Amendments to Administration Policy No. 011 (Issue 2.0), to be re-titled "Policy for Procurement Other than Investment Management Services."

 

 

e.

Discuss implementing formal rules of order for the conduct of Board of Retirement and Committee meetings, and provide direction to staff as needed.

 

 

f.

Discuss possible changes to communication practices in response to recent California Supreme Court opinion, and provide staff direction.

 

 

g.

Discuss the status of the staff’s ongoing review of SBCERA Board Policies, identify those policies currently considered priorities for review, and give staff direction regarding the manner and timing of those reviews. (addressed in the CEO report)

 

18.

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

 

19.

Staff Reports:

 

a.

Chief Executive Officer's Report.

 

 

b.

Review California Legislation.

 

SUGGESTIONS FOR FUTURE AGENDA ITEMS

 

PUBLIC COMMENT

 

Persons wishing to address items on the Closed Session agenda should provide notice to the Secretary of the Board prior to the beginning of Closed Session.  Also 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 92415.

 

 

UPCOMING MEETINGS

 

 

Investment Committee Meeting

Tuesday, August 8, 2017

2:00 PM

 

 

 

Administrative Committee Meeting

Thursday, August 17, 2017

9:00 AM

 

 

 

Board Meeting

Thursday, September 7, 2017

9:00 AM

 

 

HOLIDAYS

 

 

Monday, September 4, 2017

In Observance of Labor Day