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 02, 2015
Appeals Committee  -  8:30 am
Meeting location:
Sacramento River Room, 100 Waterfront Place, West Sacramento, CA 95605
ItemTitleSessionTypePresenter
1Approval of Committee Agenda OpenActionChairperson
2Approval of Minutes for the July 9, 2015, Appeals Committee – Open Session
OpenConsent/ActionChairperson
3aConsideration of Proposed Administrative Decision: Los Altos School District, Timothy Justus and Kristina Andersen
OpenActionLarry Jensen
4Annual Summary of Appeal ActivityOpenInformationalGabor Morocz
5Benefits and Services Executive Officer ReportOpenInformationalAndrew Roth
6Posting of the Yuba City USD Audit on the CalSTRS.com WebsiteOpenInformationalAndrew Roth
7Review of Information RequestsOpenInformationalChairperson
7aOpportunity for Statements from the PublicOpenInformationalChairperson
8Approval of Minutes for July 9, 2015 Appeals Committee – Closed Session (Gov. Code, sec. 11126) ClosedConsent/ActionChairperson
9Deliberate on Proposed Administrative Decision: Los Altos School District, Timothy Justus and Kristina Andersen (Gov. Code, sec. 11126(c)(3)) ClosedConsent/ActionChairperson
10Confer with Legal Counsel Regarding Pending Litigation: Baxter v. CalSTRS (Govt. Code, sec 11126(e)) ClosedConsent/ActionBrian Bartow
11Announcements of Action Taken on Proposed Administrative Decision: Los Altos School District, Timothy Justus and Kristina Andersen OpenActionChairperson

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.
 
Audits and Risk Management Committee  -  8:30 am
ItemTitleSessionTypePresenter
1Approval of Committee Agenda OpenActionChairperson
2Approval of Minutes of the June 10, 2015 Audit and
Risk Management Committee – Open Session
OpenConsent/ActionChairperson
3Progress on the External Financial Auditor’s Report on Internal Control - Corrective ActionsOpenConsent/InformationLarry Jensen
4Annual Report of Benefit Payment Modifications for Fiscal Year 2014-15 OpenConsent/InformationRobin Madsen
5Committee Education: Approaches for Managing Risks in Pension Assets and LiabilitiesOpenInformationalNick Collier, Milliman / Allan Emkin, PCA / Stephen McCourt, Meketa
6Fiscal Year 2014-15 Audit Plan ResultsOpenInformationalLarry Jensen
7Independent Auditor’s Report for the Restated Fiscal Year 2013-14 Schedule of Aggregate Pension AmountsOpenActionRobin Madsen
8FY 2015-16 Audit Plan UpdateOpenActionLarry Jensen
9Chief Auditor’s ReportOpenActionLarry Jensen
10Review of Information RequestsOpenActionChairperson
11Draft Agenda for Next Committee MeetingOpenActionChairperson
11aOpportunity for Statements from the PublicOpenInformationalChairperson

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.
 
Client Advisory Committee  -  10:30 am
Meeting location:
American River Room, 100 Waterfront Place, West Sacramento, CA 95605
ItemTitleSessionTypePresenter
1Client Advisory Committee AgendaOpenInformationalEd Derman
 
Investment Committee  -  10:30 am (estimate)
ItemTitleSessionTypePresenter
1Approval of Committee Agenda OpenActionChairperson
2Approval of Minutes of the July 9, 2015 Investment Committee Meeting – Closed Session (Gov. Code, sec. 11126)ClosedConsent/ActionChairperson
3Tactical Investment Strategy Discussion – Private Equity (Gov. Code, sec. 11126(c)(16)) ClosedInformationalInvestment Staff and Consultants
4Confer With and Receive Advice from Legal Counsel Regarding Pending Litigation (Gov. Code, sec. 11126(c)(16))ClosedInformationalBrian J. Bartow
5Chief Investment Officer’s Report – Closed Session (Gov. Code, sec. 11126)ClosedInformationalChristopher J. Ailman
6Consideration of Investment Decisions – Chief Operating Investment Officer – Semi Annual Report (Gov. Code, sec. 11126 (c) (16)) ClosedInformationalChairperson
7Private Equity Consultant Contract – Terms and ConditionsOpenInformationalChristopher J. Ailman
8Chief Investment Officer’s Report – Open SessionOpenInformationalChristopher J. Ailman
9Approval of Minutes of the July 9, 2015 Investment Committee Meeting – Open SessionOpenConsent/ActionChairperson
102015 Asset Allocation Study – Part 5, Strategic Policy PortfolioOpenInformationalChristopher J. Ailman / Allan Emkin, PCA / Stephen McCourt, Meketa
11Receive General Consultant – Semi-annual Performance Report, Period Ending
June 30, 2015
OpenInformationalAllan Emkin, Pension Consulting Alliance
12Receive Real Estate – Semi-annual Performance Report, Period Ending March 31, 2015OpenInformationalMicolyn McGee, The Townsend Group
13Receive Private Equity – Semi-annual Performance Report, Period Ending March 31, 2015OpenInformationalMike Moy, Pension Consulting Alliance
14Private Equity – Review Accounting and Reporting - REVISEDOpenInformationalMargot Wirth
15Review of Inflation Sensitive Policy – First ReadingOpenInformationalPaul Shantic
16Review of Information RequestsOpenInformationalChairperson
17Draft Agenda for the November 2015 Investment Committee MeetingOpenInformationalChairperson
17aOpportunity for Statements from the PublicOpenInformationalChairperson
18aReceive General Consultant – Semi-annual Performance Report, Period Ending June 30, 2015 (Gov. Code, sec. 11126(c)(16)) ClosedInformationalAllan Emkin, Pension Consulting Alliance
18bReceive Real Estate – Semi-annual Performance Report, Period Ending March 31, 2015 (Gov. Code, sec. 11126(c)(16))ClosedInformationalMicolyn McGee, The Townsend Group
18cReceive Private Equity – Semi-annual Performance Report, Period Ending March 31, 2015 (Gov. Code, sec. 11126(c)(16)) ClosedInformationalMike Moy, Pension Consulting Alliance
18dSemi-annual Report on Investment Manager Ratings (Gov. Code, sec. 11126(e)) ClosedInformationalInvestment Staff

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.
 
September 03, 2015
Benefits and Services Committee  -  8:30 am
ItemTitleSessionTypePresenter
1Approval of Committee Agenda OpenActionChairperson
2Approval of Minutes of the April 1, 2015 Benefits and Services Committee Meeting – Open Session
OpenConsent/ActionChairperson
32015-16 Member Service Performance Objectives OpenActionAndrew Roth
42015 Annual Member Satisfaction SurveyOpenInformationalAlisa Dobbins
52014-15 Service Objectives Accomplishments ReportOpenInformationalAndrew Roth
6Implementation of Creditable Compensation RegulationsOpenInformationalAndrew Roth / Ed Derman
7Policy on the Lump Sum Death Benefit – First ReadingOpenInformationalEd Derman
8Deputy Chief Executive Officer Report OpenInformationalAndrew Roth / Ed Derman
9Review of Information RequestsOpenInformationalChairperson
10Draft Agenda for the Next Committee MeetingOpenInformationalChairperson
10aOpportunity for Additional Statements from the PublicOpenInformationalChairperson

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.
 
Regular Meeting  -  10:30 am (estimate)
ItemTitleSessionTypePresenter
1Approval of Board Agenda OpenActionChairperson
2aCommittee Reports 1) Appeals Committee 2) Investment Committee 3) Audits and Risk Management Committee 4) Benefits and Services Committee OpenConsent/ActionChairperson
2bApproval of Minutes of the July 9, 2015, Regular Meeting – Open SessionOpenConsent/ActionChairperson
2cBoard Member EducationOpenConsent/ActionChairperson
2dContracts Requiring Board ApprovalOpenConsent/ActionChairperson
2e2015-16 Fiscal Year Operational Budget AdjustmentsOpenConsent/ActionChairperson
2fAppointment to the California Actuarial Advisory PanelOpenConsent/ActionChairperson
3Committee Reports 1) Appeals Committee 2) Investment Committee OpenConsent/InformationChairperson
4Adoption of Employer Direct Reporting RegulationsOpenActionEd Derman
5Amendments to Penalties and Interest Regulations: Format for Monthly ReportsOpenActionEd Derman
6Chief Executive Officer ReportOpenInformationalJack Ehnes
7Retirement Readiness Assessment ReportOpenInformationalAlisa Dobbins
8Proposed 2016-17 Operational BudgetOpenInformationalRobin Madsen
9System Risk Management Report OpenInformationalExecutive Staff
10aBusinessRenew Program UpdateOpenInformationalChris Caietti / Ashish Jain
10bProject Risk Oversight Report OpenInformationalGraeme Finley, Grant Thornton LLP
11Items Referred by Committee for Board DecisionOpenInformationalChairperson
12New Business / Review Information RequestsOpenInformationalChairperson
13Draft Agenda for the Next Board MeetingOpenInformationalChairperson
13aOpportunity for Statements from the PublicOpenInformationalChairperson
14Approval of Minutes of the July 9, 2015 Regular Meeting - Closed Session (Gov. Code, sec. 11126) ClosedConsent/ActionChairperson
15Committee Reports (Gov. Code, sec. 11126) 1) Appeals Committee 2) Investment Committee ClosedConsent/InformationChairperson
16Investment Performance Impact on Incentive Pay for the 2014-15 Plan Year (Gov. Code., sec 11126(a), (c))ClosedActionMelissa Norcia
17Confer With and Receive Advice from Legal Counsel Regarding Pending Litigation (Gov. Code, sec. 11126(e)) ClosedInformationalBrian J. Bartow
18Chief Executive Officer Briefing on Performance and Personnel Issues (Gov. Code, sec. 11126(a), (b), (g)) ClosedInformationalJack 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.
 
PowerPoint Presentations  -  2:30 pm
ItemTitleSessionTypePresenter
1Audits and Risk Management Committee - Item #5 Committee Education: Approaches for Managing Risks in Pension Assets and LiabilitiesOpenInformationalNick Collier, Milliman
4Investment Committee Meeting - Item #8 Chief Investment Officer’s Report – Open SessionOpenInformationalChristopher J. Ailman
5Investment Committee Meeting - Item #10 2015 Asset Allocation Study – Part 5, Strategic Policy PortfolioOpenInformationalChristopher J. Ailman
6Investment Committee Meeting - Item #10 2015 Asset Allocation Study – Part 5, Strategic Policy PortfolioOpenInformationalStephen McCourt, Meketa
7Investment Committee Meeting - Item #10 2015 Asset Allocation Study – Part 5, Strategic Policy PortfolioOpenInformationalAllan Emkin, Pension Consulting Alliance
8Investment Committee Meeting - Item #12 Receive Real Estate – Semi-annual Performance Report, Period Ending March 31, 2015OpenInformationalMicolyn McGee, The Townsend Group
9Investment Committee Meeting - Item #12 Receive Real Estate – Semi-annual Performance Report, Period Ending March 31, 2015OpenInformationalMicolyn McGee, The Townsend Group
10Investment Committee Meeting - Item #15Review of Inflation Sensitive Policy – First ReadingOpenInformationalPaul Shantic
13Benefits and Services Committee Meeting - Item #4 2015 Annual Member Satisfaction SurveyOpenInformationalAlisa Dobbins
14Regular Meeting - Item #7 Retirement Readiness Assessment Report - REVISEDOpenInformationalAlisa Dobbins
15Regular Meeting - Item #8 Proposed 2016-17 Operational BudgetOpenInformationalRobin Madsen
16Regular Meeting - Item #10b Project Risk Oversight Report OpenInformationalGraeme Finley, Grant Thornton LLP