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Calendar Year:
Meeting Agenda:   
Unless otherwise specified, meetings will be held at the following location:
Web Conference

(Physical Location availability only for Hearing: CalSTRS Boardroom, 100 Waterfront Place, West Sacramento, CA 95605)
    *** 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.
July 15, 2020
Investment Committee  -  8:30 am
Meeting location:
Web Conference
Download Meeting Items
ItemTitleSessionTypePresenter
1Approval of Committee Agenda OpenActionChairperson
2Opportunities for Statements from the PublicOpenInformationalChairperson
3Approval of Minutes of the March 4, 2020, Investment Committee Meeting – Open SessionOpenConsent/ActionChairperson
4Approval of Minutes of the May 7, 2020, Investment Committee Meeting – Open SessionOpenConsent/ActionChairperson
5Committee Charter - Revision - REVISEDOpenConsent/ActionChairperson
6Private Equity Consultant Contract ExtensionOpenConsent/ActionChairperson
7Decommission Commodities PolicyOpenConsent/ActionChairperson
8Annual Review of Delegation to StaffOpenConsent/InformationChairperson
9Report Pursuant to Assembly Bill 2833OpenConsent/InformationChairperson
10Fiscal Year 2020-21 Investment Business Plans
a. 10-Year Financial Plan
b. Global Equity
c. Fixed Income
d. Real Estate
e. Private Equity
f. Sustainable Investment & Stewardship Strategies
g. Inflation Sensitive
h. Investment Strategies & Risk
i. Risk Mitigation Strategies
j. Operations
k. Investment Performance & Compliance
OpenActionChristopher Ailman
11aInvestment Policy Revision: SISS Investment Policy Revision – BenchmarksOpenActionGeraldine Jimenez
11bInvestment Policy Revision: Investment Policy and Management Plan – Asset TargetsOpenActionKirsty Jenkinson and Aeisha Mastagni
12Investment Insight Speaker – Bloomberg New Energy FinanceOpenInformationalEthan Zindler
13Chief Investment Officer’s Report – Open SessionOpenInformationalChristopher Ailman
14Collaborative Model – Pillar Status ReportOpenInformationalScott Chan and Lisa Blatnick
15Review of Information RequestsOpenInformationalChairperson
16Draft Agenda for the Next Committee Meeting OpenInformationalChairperson
17Approval of Minutes of the March 4, 2020, Investment Committee Meeting – Closed Session (Gov. Code, sec 11126)ClosedConsent/ActionChairperson
18Approval of Minutes of the May 7, 2020, Investment Committee Meeting – Closed Session (Gov. Code, sec 11126) ClosedConsent/ActionChairperson
19Chief Investment Officer’s Report – Closed Session – Annual Personnel ReportClosedConsent/InformationChairperson
20Confer with and Receive Advice from Fiduciary Counsel and Investment Consultants (Gov. Code, sec 11126(c)(16)) ClosedInformationalCounsel and Meketa
21Tactical Investment Strategy Discussion (Gov. Code, sec. 11126(c)(16)) ClosedInformationalInvestment Staff and Consultants
22Risk Mitigating Strategies Implementation Update (Gov. Code, sec. 11126(c)(16)) ClosedInformationalSteven Tong and Carrie Lo
23Confer with and Receive Advice from Legal Counsel Regarding Pending Litigation (Gov. Code, sec. 11126(e)) ClosedInformationalBrain J. Bartow
24Consideration of Investment Decisions (Gov. Code, sec. 11126(c)(16)) ClosedInformationalChairperson

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 observe but may not participate in the discussion of agenda items.
 
July 16, 2020
Regular Meeting  -  8:30 am
Meeting location:
Web Conference

At 1:00 p.m., the board will recess to conduct a PUBLIC HEARING on Public Comment Regulations. Once the Hearing has concluded, the Regular Meeting of the Teachers’ Retirement Board will resume.

(Physical Location availability only for Hearing: CalSTRS Boardroom, 100 Waterfront Place,
West Sacramento, CA 95605)
Download Meeting Items
ItemTitleSessionTypePresenter
1Approval of AgendaOpenActionChairperson
2Evaluation of CEO/CIO Base Salary Adjustments (Gov. Code, sec. 11126(a), (b), (g)(1))ClosedActionChairperson
3Confer with and Receive Advice from Legal Counsel Regarding Pending Litigation (Gov. Code, sec. 11126(e))ClosedInformationalBrian J. Bartow
4Chief Executive Officer Briefing on Performance and Personnel Issues (Gov. Code, sec. 11126(a), (b), (g))ClosedInformationalJack Ehnes
5Approval of Minutes of the March 5, 2020 and May 7, 2020, Regular Meeting – Closed Session (Gov. Code, sec. 11126)ClosedConsent/ActionChairperson
6Proposed Fiscal Year 2020-21 Board/Committee Meeting Work Plans - REVISEDOpenActionChairperson
7aActuarial Valuations: Valuation of the Defined Benefit Supplement Program as of June 30, 2019OpenActionRick Reed / David Lamoureux / Nick Collier and Mark Olleman, Milliman
7bActuarial Valuations: Valuation of the Cash Balance Benefit Program as of June 30, 2019OpenActionRick Reed / David Lamoureux / Nick Collier and Mark Olleman, Milliman
8Chief Executive Officer ReportOpenInformationalJack Ehnes
9CalSTRS Annual Business Plan for 2020-21OpenInformationalCassandra Lichnock
10Pension Solution Project UpdateOpenInformationalPrashant Mittal
11State and Federal LegislationOpenConsent/InformationChairperson
12Actuarial Valuation of the Medicare Premium Payment Program as of June 30, 2019OpenConsent/InformationChairperson
13aa. * Committee Reports 1) Investment Committee 2) Appeals Committee 3) Audits and Risk Management Committee 4) Benefits and Services Committee 5) Board Governance Committee 6) Compensation CommitteeOpenConsent/ActionChairperson
13bApproval of Minutes of the March 5, 2020 and May 7, 2020, Regular Meeting – Open SessionOpenConsent/ActionChairperson
13cBoard Member Education - RevisedOpenConsent/ActionChairperson
13dContracts Requiring Board ApprovalOpenConsent/ActionChairperson
13eReview CEO DelegationOpenConsent/ActionChairperson
13fReview of Board Officer and Committee DelegationOpenConsent/ActionChairperson
13gRevised Operating Budget for 2020-21OpenConsent/ActionChairperson
13hEmployer Contribution Rate for Elected Officials and the Reduced Workload Program for Fiscal Year 2020-21OpenConsent/ActionChairperson
14Items Referred by Committee for Board DecisionOpenInformationalChairperson
15New Business / Review of Information RequestsOpenInformationalChairperson
16Draft Agenda for Next MeetingOpenInformationalChairperson
17Opportunity for Statements from the PublicOpenInformationalChairperson

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.
 
July 17, 2020
Audits & Risk Management Committee  -  9:00 am
Meeting location:
Web Conference
Download Meeting Items
ItemTitleSessionTypePresenter
1Approval of Committee Agenda OpenActionChairperson
2Approval of Minutes of the March 4, 2020 Audit and Risk Management Committee – Open SessionOpenConsent/ActionChairperson
3Progress Report on the 2019 Management LetterOpenConsent/InformationChairperson
42020 Internal Audit Plan Progress Report and Mid-Year Update - REVISEDOpenActionLarry Jensen, Mike Dutil & Roseanne Oyoung
52020 Enterprise Compliance Services Plan Progress Report and Compliance Director UpdateOpenInformationalCheryl Dietz
6Review of Information RequestsOpenInformationalChairperson
7Draft Agenda for the Next Committee Meeting OpenInformationalChairperson
8Opportunity 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 observe but may not participate in the discussion of agenda items.
 
PowerPoint Presentations  Download Meeting Items
ItemTitleSessionTypePresenter
1Investment Committee Item #11a - Investment Policy Revision: SISS Investment Policy Revision – BenchmarksOpenInformationalKirsty Jenkinson and Aeisha Mastagni
2Investment Committee Item #12 - Investment Insight Speaker – Open SessionOpenInformationalEthan Zindler
3Investment Committee Item #13 - Chief Investment Officer’s Report – Open SessionOpenInformationalChristopher Ailman

NOTE: