Teachers' Retirement Board: Public Meeting Notices and Agendas
	Calendar Year: 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 Meeting Agenda: April 2013 Board Agenda February 2013 Board Agenda January 2013 Board Agenda    Unless otherwise specified, meetings will be held at the following location: CalSTRS, 100 Waterfront Place, West Sacramento, CA. First Floor Board Room     *** Public Meeting Notice *** All meeting times are approximate depending upon the end of the previous meeting. Board Meeting Video Archive Beginning December 2010, video of past board meetings are available in the Teachers’ Retirement Board Video Archive. April 10, 2013 Board Governance Committee  -  9:00 am Item Title Session Type Presenter 1 Approval of Committee Agenda / Work Plan Open Action Chairperson 2 Approval of Minutes of the November 8, 2012 Board Governance Committee Meeting – Open Session Open Action Chairperson 3 Gift Policy – Second Reading Open Action Brian J. Bartow / Jill Lukins / Nancy Williams 4 Insider Trading Policy – Second Reading Open Action Brian J. Bartow / Jill Lukins / Nancy Williams 5 Precedential Decisions Policy – First Reading Open Action John R. Weech / Carolyn Kubish 6 Board Governance Policy Proposals – First Reading Open Action Brian J. Bartow 7 Review of Information Requests Open Informational Chairperson 8 Draft Agenda for Next Committee Meeting Open Informational Chairperson 8a Opportunity for Statements from the Public Open Informational Chairperson NOTE:  Items designated for information are appropriate for committee action if the committee wishes to take action. Items on the agenda of board committees may be referred to the board for discussion and possible action. Agenda items may be taken out of order with the approval of the Chairperson. Board members who are not members of the committee may attend and participate in the discussion of the agenda items.   Compensation Committee  -  1:00 pm (estimate) Item Title Session Type Presenter 1 Approval of Committee Agenda / Work Plan Open Action Chairperson 2 Approval of Minutes of the February 7, 2013, Compensation Committee – Open Session Open Consent/Action Chairperson 3 Education Session Open Informational Cassrandra Lichnock / Luis Navas 4 Evaluate Labor Market Compensation Data from Current and Alternative Pay Comparator Groups for Benchmarking Salaries of Statutory Positions (Revised) Open Action Cassandra Lichnock / Adam Barnett 5 HR Executive Report Open Informational Cassandra Lichnock 6 Review of Information Requests Open Informational Chairperson 7 Draft Agenda for the Next Committee Meeting Open Informational Chairperson 7a Opportunity for Statements from the Public Open Informational Chairperson NOTE:  Items designated for information are appropriate for committee action if the committee wishes to take action. Items on the agenda of board committees may be referred to the board for discussion and possible action. Agenda items may be taken out of order with the approval of the Chairperson. Board members who are not members of the committee may attend and participate in the discussion of the agenda items.   Appeals Committee  -  3:30 pm Meeting location: Sacramento River Room 100 Waterfront Place West Sacramento, CA 95605 Item Title Session Type Presenter 1 Approval of Committee Agenda / Work Plan Open Action Chairperson 2 Approval of Minutes for the February 6, 2013, Appeals Committee – Open Session Open Consent/Action Chairperson 3 Consideration of Proposed Administrative Decision a. Ingrid Ritz Open Action Peggy Plett 4 Deputy Chief Executive Officer Report Open Informational Peggy Plett 5 Review of Information Requests Open Informational Chairperson 5a Opportunity for Statements from the Public Open Informational Chairperson 6 Approval of Minutes for the February 6, 2013, Appeals Committee – Closed Session (Gov. Code, sec. 11126) Closed Action Chairperson 7 Discussion of the Case of Hickerson v. CalSTRS (Gov. Code, sec. 11126(c)(3)) Closed Action John Weech 8 Deliberate on Proposed Administrative Decision (Gov. Code, sec. 11126(c)(3)) Closed Action Chairperson 9 Confer With and Receive Advice from General Counsel Regarding Pending Litigation, Minier et al. v. Ehnes et al. for Update and Discussion (Gov. Code, sec. 11126(e)) Closed Action Brian J. Bartow 10 Announcement of Action Taken on Proposed Administrative Decision a. Ingrid Ritz Open Action Chairperson NOTE:  Items designated for information are appropriate for committee action if the committee wishes to take action. Items on the agenda of board committees may be referred to the board for discussion and possible action. Agenda items may be taken out of order with the approval of the Chairperson. Board members who are not members of the committee may attend and participate in the discussion of the agenda items.   April 11, 2013 Legislative Committee  -  9:00 am Item Title Session Type Presenter 1 Approval of Committee Agenda Open Action Chairperson 2 State and Federal Legislation – Adopt Committee Position (Policy) Open Action Mary Anne Ashley 3 Approval of Minutes of the November 8, 2012, Legislative Committee Meeting – Open Session Open Consent/Action Chairperson 4 Federal Legislative Review Open Informational John Stanton 5 Deputy Chief Executive Officer Report Open Informational Ed Derman 6 Review of Information Requests Open Informational Chairperson 7 Draft Agenda for the Next Committee Meeting Open Informational Chairperson 7a Opportunity for Statements from the Public Open Informational Chairperson NOTE:  Items designated for information are appropriate for committee action if the committee wishes to take action. Items on the agenda of board committees may be referred to the board for discussion and possible action. Agenda items may be taken out of order with the approval of the Chairperson. Board members who are not members of the committee may attend and participate in the discussion of the agenda items.   Benefits and Services Committee  -  10:45 am (estimate) Item Title Session Type Presenter 1 Approval of Committee Agenda / Work Plan Open Action Chairperson 2 Approval of Minutes of the November 8, 2012, Benefits and Services Committee – Open Session Open Action Chairperson 3 Adoption of Factors, Contribution Rates and Benefits for 2013-14: a) Regular Interest Rate – Defined Benefit Program b) Credited Interest Rate – Defined Benefit Program c) Minimum Interest Rate – Cash Balance Benefit Program d) Minimum Interest Rate – Defined Benefit Supplement Program e) Permissive Service Contribution Rates – Defined Benefit Program f) Employer Contribution Rate for Elected Officials of Employee Organizations g) Employer Contribution Rate for Reduced Workload Program Open Action Rick Reed 4 Adoption of Lump Sum Death Benefits for 2013-14 Open Action Rick Reed 5 Deputy Chief Executive Officer Report Open Informational Ed Derman / Peggy Plett 6 Review of Information Requests Open Informational Chairperson 7 Draft Agenda for the Next Committee Meeting Open Informational Chairperson 7a Opportunity for Statements from the Public Open Informational Chairperson NOTE:  Items designated for information are appropriate for committee action if the committee wishes to take action. Items on the agenda of board committees may be referred to the board for discussion and possible action. Agenda items may be taken out of order with the approval of the Chairperson. Board members who are not members of the committee may attend and participate in the discussion of the agenda items.   Board Education  -  1:00 pm (estimate) Item Title Session Type Presenter 1 Annual Fiduciary Training Open Informational Ian Lanoff, Groom Law Group 2 Annual Ethics Training Open Informational Brian J. Bartow NOTE:  Items designated for information are appropriate for committee action if the committee wishes to take action. Items on the agenda of board committees may be referred to the board for discussion and possible action. Agenda items may be taken out of order with the approval of the Chairperson.   Teachers' Retirement Board - Regular Meeting  -  2:30 pm Item Title Session Type Presenter 1 Approval of the Board Agenda / Work Plan Open Action Chairperson 2 Annual Board Chair and Vice Chair Elections Open Action Jack Ehnes 3 FY 2013-14 Board Meeting Calendar Open Action Chairperson 4 Committee Composition for FY 2013-14 Open Action Chairperson 5 100-year CalSTRS Anniversary Events Open Action Krista Noonan 6a Adoption of June 30, 2012 Actuarial Valuation and Analysis for: a. Defined Benefit Program Open Action Rick Reed / Nick Collier and Mark Olleman, Milliman 6b Adoption of June 30, 2012 Actuarial Valuation and Analysis for: b. Defined Benefit Supplement Program Open Action Rick Reed / Nick Collier and Mark Olleman, Milliman 6c Adoption of June 30, 2012 Actuarial Valuation and Analysis for: c. Cash Balance Benefit Program Open Action Rick Reed / Nick Collier and Mark Olleman, Milliman 6d Adoption of June 30, 2012 Actuarial Valuation and Analysis for: d. Medicare Premium Payment Program Open Action Rick Reed / Nick Collier and Mark Olleman, Milliman 7 Board Indemnification Policy - Second Reading Open Action Ian Lanoff 8 Subrogation Authority Open Action John R. Weech / Michelle Enchill 9 Overview of CalSTRS Defined Contribution Program Open Informational Julia Durand 10 Chief Executive Officer Report Open Informational Jack Ehnes 11 BusinessRenew Oversight Assessment Open Informational Chris Caietti/Graeme Finley, Grant Thornton, LLP 12a Committee Reports 1) Benefits and Services Committee 2) Board Governance Committee 3) Compensation Committee 4) Legislative Committee Open Consent/Action Chairperson 12b Approval of Minutes of the February 7 – 8, 2013, Regular Meetings - Open Sessions Open Consent/Action Chairperson 12c Board Member Education - Revised Open Consent/Action Chairperson 12d Contracts Requiring Board Approval Open Consent/Action Robin Madsen 13 Committee Reports a. Appeals Committee b. Investment Committee Open Consent/Information Chairperson 14 Items Referred by Committee for Board Decision Open Informational Chairperson 15 New Business / Review Information Requests Open Informational Chairperson 16 Draft Agenda for the Next Regular Meeting Open Informational Chairperson 16a Opportunity for Statements from the Public Open Informational Chairperson 17 Approval of Minutes of the February 8, 2013 Regular Meeting - Closed Session (Gov. Code, sec. 11126) Closed Consent/Action Chairperson 18 Committee Reports (Gov. Code, sec. 11126) a. Appeals Committee b. Investment Committee Closed Consent/Information Chairperson 19 Confer With and Receive Advice from Legal Counsel Regarding Pending Litigation (Gov. Code, sec. 11126(e)) Closed Informational Brian J. Bartow 20 Chief Executive Officer Briefing on Performance and Personnel Issues (Gov. Code, sec. 11126(a), (b), (g)) Closed Informational Jack Ehnes NOTE:  Items designated for information are appropriate for board action if the board wishes to take action. Agenda items may be taken out of order with the approval of the Chairperson.   April 12, 2013 Client Advisory Committee Meeting  -  9:00 am Meeting location: American River Room 100 Waterfront Place West Sacramento, CA 95605 Item Title Session Type Presenter 1 Client Advisory Committee Meeting Agenda Open Informational Ed Derman   Investment Committee  -  9:00 am Item Title Session Type Presenter 1 Approval of Committee Agenda / Work Plan Open Action Chairperson 2 Approval of Minutes of the February 7, 2013, Investment Committee Meeting – Closed Session (Gov. Code, sec. 11126) Closed Consent/Action Chairperson 3 Receive General Consultant – Semi-annual Performance Report, Period Ending December 31, 2012 (Gov. Code, sec. 11126(c)(16)) Closed Informational Allan Emkin, Pension Consulting Alliance 4 Receive Real Estate – Semi-annual Performance Report, Period Ending September 30, 2012 (Gov. Code, sec. 11126(c)(16)) Closed Informational Micolyn Magee, The Townsend Group 5 Receive Private Equity – Semi-annual Performance Report, Period Ending September 30 , 2012 (Gov. Code, sec. 11126(c)(16)) Closed Informational Mike Moy, Pension Consulting Alliance 6 Confer With and Receive Advice from Legal Counsel Regarding Pending Litigation (Gov. Code, sec. 11126(e)) Closed Informational Brian J. Bartow 7 Chief Investment Officer’s Report (Gov. Code, sec. 11126(e)) Closed Informational Christopher J. Ailman 8 Consideration of Investment Decisions (Gov. Code, sec. 11126 (c) (16)) Closed Informational Chairperson 9 Chief Investment Officer Report Open Action Christopher J. Ailman 10 Approval of Minutes of the February 7, 2013, Investment Committee Meetings, Open Session Open Consent/Action Chairperson 11 Receive Private Equity – Credit Enhancement Program 2012 Annual Report (12/13 Objective) Open Consent/Information Margot Wirth 12a Receive 2012-13 Asset / Liability Study – Step 5: Capital Market Assumptions Open Action Christopher J. Ailman / John Robinson 12b Receive 2012-13 Asset / Liability Study – Step 5: Key Decision Factors Open Action Allan Emkin / Neil Rue 13 Consideration of Investment Decisions – Divestment Firearms Manufacturers Open Action Christopher J. Ailman 14 Receive General Consultant – Semi-annual Performance Report, Period Ending December 31, 2012 Open Informational Allan Emkin, Pension Consulting Alliance 15 Receive Real Estate – Semi-annual Performance Report, Period Ending September 30, 2012 Open Informational Micolyn Magee, The Townsend Group 16 Receive Private Equity – Semi-annual Performance Report, Period Ending September 30, 2012 Open Informational Mike Moy, Pension Consulting Alliance 17 Receive Emerging Managers – Real Estate Study Open Informational Micolyn Magee, The Townsend Group / Monika Mantilla, Altura Capital 18 Receive Mid-year Report on Investment Costs and Cost Effectiveness (Oversight / Monitoring) Open Informational Debra Smith 19 Review of Information Requests Open Informational Chairperson 20 Draft Agenda for the May 2013, Investment Committee Meeting Open Informational Chairperson 20a Opportunity for Statements from the Public Open Informational Chairperson NOTE:  Items designated for information are appropriate for committee action if the committee wishes to take action. Agenda items may be taken out of order with the approval of the Chairperson. Board members who are not members of the committee may attend and participate in the discussion of agenda items.