Calendar Year:
Meeting 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.
September 04, 2014
Appeals Committee  -  9:00 am
Meeting location:
Sacramento River Conference Room
100 Waterfront Place
W Sacramento, CA 95605
ItemTitleSessionTypePresenter
1Approval of Committee Agenda OpenActionChairperson
2Approval of Minutes for the July 11, 2014, Appeals
Committee – Open Session
OpenConsent/ActionChairperson
3Consideration of Proposed Administrative Decision
a. Carlos Montoya
b. John McKee
c. James Tracy for Marianne Tracy
OpenActionRobin Madsen / Peter Haley / Suzanne De Fonte / Peggy Plett
4Designation of Precedential Decision: Margaret Deetz.OpenActionJohn Weech
5Annual Summary of Appeal ActivityOpenInformationalJohn Weech
6Deputy Chief Executive Officer ReportOpenInformationalPeggy Plett
7Review of Information RequestsOpenInformationalChairperson
7aOpportunity for Additional Statements from the PublicOpenInformationalChairperson
8Approval of Minutes for the July 11, 2014, Appeals Committee – Closed Session (Gov. Code, sec. 11126) ClosedActionChairperson
9Deliberate on Proposed Administrative Decision (Gov. Code, sec. 11126(c)(3)) ClosedActionChairperson
10Announcement of Action Taken on Proposed Administrative Decision a. Carlos Montoya b. John McKee c. James Tracy for Marianne Tracy OpenActionChairperson

NOTE:  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 agenda items.
 
Audits and Risk Management Committee  -  9:00 am
ItemTitleSessionTypePresenter
1Approval of Committee Agenda OpenActionChairperson
2Approval of Minutes of the June 5, 2014, Audit and
Risk Management Committee – Open Session
OpenConsent/ActionChairperson
3aProgress on the External Financial Auditor’s Report on Internal Control – Corrective ActionsOpenConsent/InformationRobin Madsen
3bAnnual Report of Benefit Underpayments and Overpayments
OpenConsent/InformationRobin Madsen
4Committee Education: CybersecurityOpenInformationalScott Tirapelle
5FYs 2012-14 Audit Plan – Audit Results for FY 2013-14OpenInformationalLarry Jensen
6Chief Auditor UpdateOpenInformationalLarry Jensen
7Review of Information RequestsOpenInformationalChairperson
8Draft Agenda for Next Committee MeetingOpenInformationalChairperson
8aOpportunity for Statements from the PublicOpenInformationalChairperson

NOTE:  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 agenda items.
 
Benefits and Services Committee  -  11:00 am (estimate)
ItemTitleSessionTypePresenter
1Approval of Committee Agenda OpenActionChairperson
2FY 2014-15 Member Service Performance ObjectivesOpenActionPeggy Plett
3Approval of Minutes of the June 5, 2014 Benefits and
Services Committee Meeting – Open Session
OpenConsent/ActionChairperson
4Revised Policy for Employer Contribution Rates for Reduced Workload Program and Elected Officials of Employee OrganizationsOpenInformationalEd Derman
5Basics on CalSTRS Cash Balance ProgramsOpenInformationalEd Derman
6Deputy Chief Executive Officer ReportOpenInformationalEd Derman / Peggy Plett
7Review of Information RequestsOpenInformationalChairperson
8Draft Agenda for the Next Committee MeetingOpenInformationalChairperson
8aOpportunity for Additional Statements from the PublicOpenInformationalChairperson

NOTE:  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 agenda items.
 
Teachers' Retirement Board - Regular Meeting  -  1:30 pm (estimate)
ItemTitleSessionTypePresenter
1Approval of Board Agenda OpenActionChairperson
2Approval of Minutes of the July 11, 2014 Regular Meeting - Closed Session (Gov. Code, sec. 11126) ClosedConsent/ActionChairperson
3Committee Reports (Gov. Code, sec. 11126) a. Appeals Committee b. Investment Committee ClosedConsent/InformationChairperson
4Discussion of Base Salary Adjustments for CEO/CIO (Gov. Code, sec. 11126(3) ClosedActionHarry Keiley / Cassandra Lichnock
5Confer With and Receive Advice from Legal Counsel Regarding Pending Litigation (Gov. Code, sec. 11126(e)) ClosedInformationalBrian J. Bartow
6Chief Executive Officer Briefing on Performance and Personnel Issues (Gov. Code, sec. 11126(a), (b), (g)) ClosedInformationalJack Ehnes
7Notice of Board ElectionOpenActionEd Derman
8Adoption of Creditable Compensation Regulations - RevisedOpenActionEd Derman
9Proposed FY 2015-16 Operational Budget OpenInformationalRobin Madsen
10System Risk Management ReportOpenInformationalRobin Madsen / Cassandra Lichnock
11Funding Strategy Implementation UpdateOpenInformationalEd Derman
12Chief Executive Officer ReportOpenInformationalJack Ehnes
13BusinessRenew Oversight AssessmentOpenInformationalChris Caietti / Graeme Finley, Grant Thornton LLP
14aCommittee Reports 1) Audits and Risk Management Committee 2) Benefits and Services Committee 3) Compensation Committee OpenConsent/ActionChairperson
14bApproval of Minutes of the July 11, 2014, Regular Meeting - Open SessionOpenConsent/ActionChairperson
14cBoard Member EducationOpenConsent/ActionChairperson
14dContracts Requiring Board Approval - RevisedOpenConsent/ActionLisa Blatnick
15Committee Report a. Appeals Committee b. Investment Committee OpenConsent/InformationChairperson
16Items Referred by Committee for Board DecisionOpenInformationalChairperson
17New Business / Review Information RequestsOpenInformationalChairperson
18Draft Agenda for the Next Committee MeetingOpenInformationalChairperson
18aOpportunity for Additional Statements from the PublicOpenInformationalChairperson

NOTE:  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.
 
Compensation Committee Meeting  -  2:15 pm (estimate)
ItemTitleSessionTypePresenter
1Approval of Committee Agenda OpenActionChairperson
2Approval of the Minutes of September 11, 2013 Compensation Committee Meeting – Closed Session (Gov. Code, sec. 11126) ClosedConsent/ActionChairperson
3Investment Performance Input on Incentive Pay for the 2013-14 Plan Year (Gov. Code., sec 11126(a), (c)) ClosedActionCassandra Lichnock
4Approval of Minutes of the June 5, 2014 Compensation
Committee Meeting – Open Session
OpenConsent/ActionChairperson
5Evaluation of Incentive Criteria for the Chief Operating
Investment Officer (COIO) and Director of Inflation
Sensitive
OpenActionCassandra Lichnock / Christopher J. Ailman
6Compensation Policy Review of Private Equity
Benchmarks for Incentives
OpenActionCassandra Lichnock / Christopher J. Ailman
7Review of Information RequestsOpenInformationalChairperson
8Draft Agenda for the Next Committee MeetingOpenInformationalChairperson
8aOpportunity for Additional Statements from the PublicOpenInformationalChairperson

NOTE:  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 agenda items.
 
September 05, 2014
Client Advisory Committee Meeting  -  9:00 am
Meeting location:
American River Conference Room
100 Waterfront Place
W Sacramento, CA 95605
ItemTitleSessionTypePresenter
1Client Advisory Committee AgendaOpenInformationalEd Derman
 
Investment Committee  -  9:00 am (estimate)
ItemTitleSessionTypePresenter
1Approval of Committee Agenda OpenActionChairperson
2Approval of Minutes of the July 11, 2014, Investment Committee Meeting – Closed Session (Gov. Code, sec. 11126)ClosedConsent/ActionChairperson
3Tactical Investment Strategy Discussion (Gov. Code, sec. 11126(c)(16)) ClosedInformationalInvestment Staff and Consultants
4Chief Investment Officer’s Report – Closed Session (Gov. Code, sec. 11126)ClosedInformationalChristopher J. Ailman
5Confer With and Receive Advice from Legal Counsel Regarding Pending Litigation (Gov. Code, sec. 11126(e)) ClosedInformationalBrian J. Bartow
6Consideration of Investment Decisions – (Gov. Code, sec. 11126 (c) (16)) ClosedInformationalChairperson
7Chief Investment Officer’s Report – Open SessionOpenInformationalChristopher J. Ailman
8Approval of Minutes of the July 11, 2014, Investment Committee Meeting – Open SessionOpenConsent/ActionChairperson
9Receive General Consultant – Semi-annual Performance Report, Period Ending June 30, 2014OpenInformationalAllan Emkin, Pension Consulting Alliance
10Receive Real Estate – Semi-annual Performance Report, Period Ending March 31, 2014OpenInformationalMicolyn Magee, The Townsend Group
11Receive Private Equity – Semi-annual Performance Report, Period Ending March 31, 2014OpenInformationalMike Moy, Pension Consulting Alliance
12Investment Shortfall Risk - DiscussionOpenInformationalAllan Emkin, Pension Consulting Alliance / Staff
13Review Responsible Contractor Policy OpenInformationalMike DiRe / Greg Nyland
14Review of Information RequestsOpenInformationalChairperson
15Draft Agenda for the November 2014, Investment Committee MeetingOpenInformationalChairperson
15aOpportunity for Statements from the PublicOpenInformationalChairperson
16Receive General Consultant – Semi-annual Performance Report, Period Ending June 30, 2014 (Gov. Code, sec. 11126(c)(16))ClosedInformationalAllan Emkin, Pension Consulting Alliance
17Receive Real Estate – Semi-annual Performance Report, Period Ending March 31, 2014 (Gov. Code, sec. 11126(c)(16)) ClosedInformationalMicolyn Magee, The Townsend Group
18Receive Private Equity – Semi-annual Performance Report, Period Ending March 31 , 2014 (Gov. Code, sec. 11126(c)(16))ClosedInformationalMike Moy, Pension Consulting Alliance
19Semi-annual Report on Investment Manager Ratings (Gov. Code, sec. 11126)ClosedInformationalInvestment Staff

NOTE:  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 agenda items.