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.
April 01, 2015
Appeals Committee  -  8:30 am
Meeting location:
Sacramento River Room, 100 Waterfront Place, West Sacramento, CA 95605
ItemTitleSessionTypePresenter
1Approval of Committee Agenda - RevisedOpenActionChairperson
2Approval of Minutes for the February 4, 2015,
Appeals Committee – Open Session
OpenConsent/ActionChairperson
3aConsideration of Proposed Administrative Decision: Barbara Pahre.
OpenActionPeter Haley
4Deputy Chief Executive Officer ReportOpenInformationalPeggy Plett
5Educational Presentation on the Subject of Creditable Compensation RegulationsOpenInformationalPeter Haley, Valorie Farris, and Carolyn Kubish
6Review of Information RequestsOpenInformationalChairperson
6aOpportunity for Statements from the PublicOpenInformationalChairperson
7Approval of Minutes for February 4, 2015 and March 6, 2015 Appeals Committee – Closed Session (Gov. Code, sec. 11126) ClosedConsent/ActionChairperson
8Deliberate on Proposed Administrative Decision (Gov. Code, sec. 11126(c)(3)) ClosedActionChairperson
9Deliberation on the Matter of the Retirement Benefits of Lawrence O’Connor (CalSTRS Case No. 20120830-0000434) (Gov. Code sec. 11126(c)(3))ClosedActionChris Waddell / Richard Miadich
10Announcements of Action Taken in Closed Session a. Barbara Pahre b. Lawrence O’Connor 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. Board members who are not members of the committee may attend and participate in the discussion of agenda items.
 
Compensation Committee  -  10:00 am (estimate)
ItemTitleSessionTypePresenter
1Approval of Committee Agenda / Work PlanOpenActionChairperson
2Approval of Minutes of the February 4, 2015 Compensation Committee Meeting – Open Session OpenConsent/ActionChairperson
3Revisions to Section 700 B of the Board’s Policy Manual
Second Reading
OpenInformationalCassandra Lichnock / Christopher Ailman
4Review Information RequestsOpenInformationalChairperson
5Draft Agenda for the Next CommitteeOpenInformationalChairperson
5aOpportunity 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.
 
Board Governance Committee  -  11:00 am (estimate)
ItemTitleSessionTypePresenter
1Approval of Committee Agenda / Work PlanOpenActionChairperson
2Approval of Minutes of the November 5, 2014, Board Governance Committee Meeting – Open Session OpenConsent/ActionChairperson
3Education Policy Revisions - Second ReadingOpenInformationalJill Lukins / Amy McDuffee
4Organization of Reports to the Board – First ReadingOpenInformationalAmy McDuffee
5Review of Information RequestsOpenInformationalChairperson
6Draft Agenda for the Next CommitteeOpenInformationalChairperson
6aOpportunity 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.
 
Benefits and Services Committee  -  12:45 pm (estimate)
ItemTitleSessionTypePresenter
1Approval of Committee Agenda OpenActionChairperson
2Adoption of 2015-2016 Contribution and Interest Rates and Benefits - RevisedOpenActionRick Reed
3Status of Medicare Premium Payment Program OpenInformationalEd Derman
4Member Service Center OverviewOpenInformationalAndrew Roth / Peggy Plett
5Deputy Chief Executive Officer ReportOpenInformationalEd Derman / Peggy Plett
6Review of Information RequestsOpenInformationalChairperson
7Draft Agenda for the Next Committee MeetingOpenInformationalChairperson
8Trends in Charter School Membership in CalSTRSOpenConsent/InformationChairperson
9Approval of Minutes of the February 5, 2015 Benefits and
Services Committee Meeting – Open Session
OpenConsent/ActionChairperson
9aOpportunity for Statements from the PublicOpenConsent/ActionChairperson

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   -  2:00 pm (estimate)
ItemTitleSessionTypePresenter
1Approval of Board AgendaOpenActionChairperson
2Election of Board Chair and Vice ChairOpenActionChairperson
3Adopt Fiscal Year 2015-16 Board Meeting Calendar OpenActionChairperson
4Board Member Education and Travel - RevisedOpenActionChairperson
5Fiscal Year 2014-15 Budget – Fiduciary Insurance OpenActionRobin Madsen
6Fiduciary Insurance ReviewOpenInformationalGabor Morocz / Harvey Leiderman
7Federal Legislative ReviewOpenInformationalJohn Stanton
8State and Federal Legislation and Regulation - RevisedOpenActionMary Anne Ashley
9Proposed Regulations on Direct Reporting by Employers OpenActionEd Derman
10aCommittee Reports 1) Benefits and Services Committee 2) Compensation Committee 3) Board Governance Committee OpenConsent/ActionChairperson
10bApproval of Minutes of the February 5, 2015, Regular Meeting - Open SessionOpenConsent/ActionChairperson
10cContracts Requiring Board Approval - RevisedOpenConsent/ActionChairperson
11Committee Report a. Appeals Committee b. Investment CommitteeOpenConsent/InformationChairperson

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 02, 2015
Regular Meeting continued  -  9:00 am
ItemTitleSessionTypePresenter
12Fiduciary Counsel RFPOpenActionBrian Bartow
13Additional Earning and Annuity Credits Policy – Third Reading - UpdatedOpenActionEd Derman
14aAdopt June 30, 2014 Valuation for
a. Defined Benefit Program
OpenActionRick Reed / Nick Collier and Jennifer Senta, Milliman
14bAdopt June 30, 2014 Valuation for
b. Defined Benefit Supplement Program
OpenActionRick Reed / Nick Collier and Jennifer Senta, Milliman
14cAdopt June 30, 2014 Valuation for
c. Cash Balance Benefit Program
OpenActionRick Reed / Nick Collier and Jennifer Senta, Milliman
14dAdopt June 30, 2014 Valuation for
d. Medicare Premium Payment Program
OpenActionRick Reed / Nick Collier and Jennifer Senta, Milliman
15FY 2015-16 Information Technology Project FundingOpenActionRobin Madsen
16Project Risk Oversight ReportOpenInformationalGraeme Finley, Grant Thornton LLP
17Chief Executive Officer ReportOpenInformationalJack Ehnes
18Items Referred by Committee for Board DecisionOpenInformationalChairperson
19New Business / Review Information RequestsOpenInformationalChairperson
20Draft Agenda for the Next Board MeetingOpenInformationalChairperson
20aOpportunity for Additional Statements from the PublicOpenInformationalChairperson
21Approval of Minutes of the February 5, 2015 Regular Meeting - Closed Session (Gov. Code, sec. 11126) ClosedConsent/ActionChairperson
22Committee Reports (Gov. Code, sec. 11126) a. Appeals Committee b. Investment Committee ClosedConsent/InformationChairperson
23CalSTRS Cybersecurity Risk ProfileClosedInformationalScott Tirapelle
24Confer With and Receive Advice from Legal Counsel Regarding Pending Litigation (Gov. Code, sec. 11126(e)) ClosedInformationalBrian J. Bartow
25Chief 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.
 
April 03, 2015
Client Advisory Committee Meeting  -  8:30 am
Meeting location:
American River Conference Room, 100 Waterfront Place, West Sacramento, CA 95605
ItemTitleSessionTypePresenter
1Client Advisory Committee AgendaOpenInformationalEd Derman
 
Investment Committee  -  8:30 am
ItemTitleSessionTypePresenter
1Approval of Committee Agenda OpenActionChairperson
2Approval of Minutes of the February 6, 2015, Investment Committee Meeting – Closed Session (Gov. Code, sec. 11126) ClosedConsent/ActionChairperson
3Tactical Investment Strategy Discussion – Inflation Sensitive (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 – Chief Operating Investment Officer – Semi Annual Report (Gov. Code, sec. 11126 (c) (16)) ClosedInformationalChairperson
7Investment Insight Program – Bloomberg ESG ReportingOpenInformationalChristopher J. Ailman / Curtis Ravenel
8Chief Investment Officer’s Report – Open SessionOpenInformationalChristopher J. Ailman
9Approval of Minutes of the February 6, 2015, Investment Committee Meeting – Open Session - RevisedOpenConsent/ActionChairperson
102015 Asset Allocation Study – Part 2OpenInformationalAllan Emkin, PCA, Stephen McCourt, Meketa, and Staff
11Enact Divestment Policy – Thermal CoalOpenConsent/ActionChristopher J. Ailman
12Receive General Consultant – Semi-annual Performance Report, Period Ending
December 31, 2014
OpenInformationalAllan Emkin, Pension Consulting Alliance
13Receive Real Estate – Semi-annual Performance Report, Period Ending September 30, 2014OpenInformationalMicolyn Magee, The Townsend Group
14Receive Private Equity – Semi-annual Performance Report, Period Ending September 30, 2014 OpenInformationalMike Moy, Pension Consulting Alliance
15Corporate Governance Policy Revision and Executive Compensation Guidelines – First ReadingOpenInformationalAnne Sheehan
16Fiscal Year 2015–16 Work Plan DiscussionOpenInformationalChristopher J. Ailman
17Review of Information RequestsOpenInformationalChairperson
18Draft Agenda for the June 2015, Investment Committee MeetingOpenInformationalChairperson
18aOpportunity for Statements from the PublicOpenInformationalChairperson
19aClosed Session Semi-annual Reports a. Receive General Consultant – Semi-annual Performance Report, Period Ending December 31, 2014 (Gov. Code, sec. 11126(c)(16)) ClosedInformationalAllan Emkin, Pension Consulting Alliance
19bClosed Session Semi-annual Reports b. Receive Real Estate – Semi-annual Performance Report, Period Ending September 30, 2014 (Gov. Code, sec. 11126(c)(16)) - RevisedClosedInformationalMicolyn Magee, The Townsend Group
19cClosed Session Semi-annual Reports c. Receive Private Equity – Semi-annual Performance Report, Period Ending September 30, 2014 (Gov. Code, sec. 11126(c)(16)) ClosedInformationalMike Moy, Pension Consulting Alliance
19dClosed Session Semi-annual Reports d. Semi-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. Board members who are not members of the committee may attend and participate in the discussion of agenda items.
 
April 2015 PowerPoint Presentations  -  5:00 pm
ItemTitleSessionTypePresenter
1Benefits & Services Committee Item 4 - Member Service Center OverviewOpenInformationalAndrew Roth / Peggy Plett
2Regular Meeting Item 6 - Fiduciary Insurance ReviewOpenInformationalGabor Morocz / Harvey Leiderman
3Regular Meeting Item 7 - Federal Legislative ReviewOpenInformationalJohn Stanton, Hogan Lovells
4Regular Meeting Item 13 - Additional Earning and Annuity Credits Policy – Third ReadingOpenInformationalEd Derman
5Regular Meeting Item 14 -
Adopt June 30, 2014 Valuation for
a. Defined Benefit Program
b. Defined Benefit Supplement Program
c. Cash Balance Benefit Program
d. Medicare Premium Payment Program
OpenInformationalRick Reed / Nick Collier & Jennifer Senta, Milliman
6Regular Meeting Item 16 - Project Risk Oversight ReportOpenInformationalGraeme Finley, Grant Thornton LLP
7Regular Meeting Item 17 - Chief Executive Officer Report OpenInformationalJack Ehnes
11Investment Officer Item 8 - Chief Investment Officer’s Report – Open SessionOpenInformationalChristopher J. Ailman
12aInvestment Committee Item 10 - 2015 Asset Allocation Study – Part 2OpenInformationalStephen McCourt, Meketa Investment Group
12bInvestment Committee Item 10 - 2015 Asset Allocation Study – Part 2OpenInformationalAllan Emkin, PCA
12cInvestment Committee Item 10 - 2015 Asset Allocation Study – Part 2OpenInformationalInvestment Staff
13Investment Committee Item 13 - Receive Real Estate – Semi-annual Performance Report, Period Ending September 30, 2014OpenInformationalMicolyn Magee, The Townsend Group