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Calendar Year:
Meeting Agenda:   
Unless otherwise specified, meetings will be held at the following location:
Web Conference
    *** 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.
November 02, 2020
Client Advisory Committee  -  3:30 pm
Meeting location:
Web conference
Download Meeting Items
ItemTitleSessionTypePresenter
1Client Advisory Committee AgendaOpenInformationalDiane Stanton / Sandy Blair
 
November 04, 2020
Investment Committee  -  9:00 am
Meeting location:
Web Conference
Download Meeting Items
ItemTitleSessionTypePresenter
1Approval of Committee AgendaOpenActionChairperson
2Opportunities for Statements from the PublicOpenInformationalChairperson
3Approval of Minutes of the September 2, 2020, Investment Committee Meeting – Open SessionOpenConsent/ActionChairperson
4Sustainable Investment & Stewardship Strategies Strategic Priorities OverviewOpenInformationalKirsty Jenkinson and Aeisha Mastagni
5Annual Investment Cost Report - RevisedOpenInformationalShifat Hasan, Mike Dunigan, and Melissa DaRonco
6Chief Investment Officer’s Report – Open SessionOpenInformationalChristopher Ailman
7Review of Information RequestsOpenInformationalChairperson
8Draft Agenda for the Next Committee MeetingOpenInformationalChairperson
9Approval of Minutes of the September 2, 2020, Investment Committee Meeting – Closed Session (Gov. Code, sec 11126)ClosedConsent/ActionChairperson
10Tactical Investment Strategy Discussion (Gov. Code, sec. 11126(c)(16))ClosedInformationalInvestment Staff and Consultants
11RMS Implementation Update (Gov. Code, sec. 11126(c)(16))ClosedInformationalSteven Tong and Carrie Lo
12Confer with and Receive Advice from Legal Counsel Regarding Pending Litigation (Gov. Code, sec. 11126(e))ClosedInformationalBrian J. Bartow
13Investment Compliance – Semi-Annual Report (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.
 
Compensation Committee  -  2:45 pm (estimate)
Meeting location:
Web Conference
Download Meeting Items
ItemTitleSessionTypePresenter
1Approval of Committee AgendaOpenActionChairperson
2Approval of Minutes of the September 4, 2020, Compensation Committee Meeting – Open SessionOpenConsent/ActionChairperson
3Disclosure of Incentives for Statutory Positions for the 2019-20 Plan YearOpenConsent/InformationChairperson
4Labor Market Benchmarking Study UpdateOpenInformationalMelissa Norcia
5Review Investment Management Classification Concept and Temporary Pay MechanismOpenActionMelissa Norcia / Luis Navas, Global Governance Advisors
6Review of Information RequestsOpenInformationalChairperson
7Draft Agenda for the Next Committee MeetingOpenInformationalChairperson
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.
 
November 05, 2020
Regular Meeting  -  9:00 am
Meeting location:
Web Conference
Download Meeting Items
ItemTitleSessionTypePresenter
1Approval of AgendaOpenActionChairperson
2Approval of the Multi-Year Internal Investment Management Plan and Proposed 2021-22 Operating BudgetOpenActionJulie Underwood
3Public Comment RegulationsOpenActionBrian J. Bartow/ Diane Stanton
4Review of CalSTRS Basic Financial Statements as of June 30, 2020OpenInformationalJulie Underwood/ Bankole Fatunla
5Chief Executive Officer ReportOpenInformationalJack Ehnes
6State and Federal Legislative ReportOpenInformationalDiane Stanton/ Joycelyn Martinez-Wade/ John Stanton, Hogan Lovells
7aApproval of Annual Incentive of Chief Executive OfficerOpenConsent/ActionChairperson
7bApproval of Annual Incentive of Chief Investment OfficerOpenConsent/ActionChairperson
7cCommittee 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
7dApproval of Minutes of the September 3, 2020, Regular Meeting – Open SessionOpenConsent/ActionChairperson
7eBoard Member EducationOpenConsent/ActionChairperson
7fApproval of Selection of Executive Recruitment FirmOpenConsent/ActionChairperson
7gContracts Requiring Board ApprovalOpenConsent/ActionChairperson
7hAppointment to the California Actuarial Advisory PanelOpenConsent/ActionChairperson
8Items Referred by Committee for Board DecisionOpenInformationalChairperson
9New Business / Review of Information RequestsOpenInformationalChairperson
10Draft Agenda for Next MeetingOpenInformationalChairperson
11Opportunity for Statements from the PublicOpenInformationalChairperson
12Approval of Minutes of the September 3, 2020, Regular Meeting – Closed Session (Gov. Code, sec. 11126)ClosedConsent/ActionChairperson
13Committee Reports (Gov. Code, Sec. 11126) a. Investment Committee b. Appeals CommitteeClosedConsent/InformationChairperson
14Report on Cybersecurity (Gov. Code, sec. 11126 (c)(18)(A))ClosedInformationalScott Tirapelle
15Chief Executive Officer Briefing on Performance and Personnel Issues (Gov. Code, sec. 11126(a), (b), (g))ClosedInformationalJack Ehnes
16Confer with and Receive Advice from Legal Counsel Regarding Pending Litigation (Gov. Code, sec. 11126(e))ClosedInformationalBrian J. Bartow

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.
 
November 06, 2020
Benefits & Services Committee  -  9:00 am
Meeting location:
Web Conference
Download Meeting Items
ItemTitleSessionTypePresenter
1Approval of Committee AgendaOpenActionChairperson
2Approval of Minutes of the September 4, 2020, Benefits and Services Committee Meeting – Open SessionOpenConsent/ActionChairperson
32020 Member Satisfaction SurveyOpenInformationalTom Buffalo
4Outstanding Death Benefits UpdateOpenInformationalMelyssa Adams
5Review of Information RequestsOpenInformationalChairperson
6Draft Agenda for the Next Committee MeetingOpenInformationalChairperson
7Opportunity 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.
 
Board Governance Committee  -  10:00 am (estimate)
Meeting location:
Web Conference
Download Meeting Items
ItemTitleSessionTypePresenter
1Approval of Committee AgendaOpenActionChairperson
2Approval of Minutes of the January 30, 2020, Board Governance Committee Meeting – Open SessionOpenConsent/ActionChairperson
3Teachers’ Retirement Board Governance Manual Revisions – Education Policy – 2nd ReadingOpenActionAmy McDuffee, Mosaic Governance Advisors
4Teachers’ Retirement Board Policy Manual Revisions – Policy Prohibiting Insider TradingOpenInformationalEd Klees, Hirschler Fleischer
5Teachers’ Retirement Board Policy Manual Revisions – Board Chair Policy §500(C) – DiscussionOpenInformationalAmy McDuffee, Mosaic Governance Advisors
6Teachers’ Retirement Board Policy Manual Revisions – CEO and CIO Evaluation Policy – 1st ReadingOpenInformationalAmy McDuffee, Mosaic Governance Advisors
7Review of Information RequestsOpenInformationalChairperson
8Draft Agenda for Next Committee MeetingOpenInformationalChairperson
9Opportunities 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.
 
Audits & Risk Management Committee  -  1:00 pm (estimate)
Meeting location:
Web Conference
Download Meeting Items
ItemTitleSessionTypePresenter
1Approval of Committee AgendaOpenActionChairperson
2Approval of Minutes of the July 17, 2020, Audit and Risk Management Committee Meeting – Open SessionOpenConsent/ActionChairperson
3Annual Report of Benefit Payment Modifications for FY 2019-20OpenConsent/InformationChairperson
42020 Internal Audit Plan, Progress ReportOpenConsent/InformationChairperson
5aCalSTRS Independent Financial Statement Auditor Reports for the Year Ended June 30, 2020: Basic Financial Statements, Required Supplementary Information, and Other Supplementary Information for the Year Ended June 30, 2020 i) Independent Auditor’s Report ii) Report to Those Charged with Governance iii) Independent Auditor’s Report on Internal Control over Financial Reporting and on Compliance and Other MattersOpenActionBrenda Torres, Kevin Smith and Jen Aras, Crowe LLP
5bCalSTRS Independent Financial Statement Auditor Reports for the Year Ended June 30, 2020: Other Pension Information – State Teacher’s Retirement Plan for the Year Ended June 30, 2020 i) Independent Auditor’s Report ii) Report to Those Charged with Governance iii) Independent Auditor’s Report on Internal Control over Financial Reporting and on Compliance and Other MattersOpenActionBrenda Torres, Kevin Smith and Jen Aras, Crowe LLP
5cCalSTRS Independent Financial Statement Auditor Reports for the Year Ended June 30, 2020: Other Postemployment Benefits Information – Medicare Premium Payment Program for the Year Ended June 30, 2020 i) Independent Auditor’s Report ii) Report to Those Charged with Governance iii) Independent Auditor’s Report on Internal Control over Financial Reporting and on Compliance and Other MattersOpenActionBrenda Torres, Kevin Smith and Jen Aras, Crowe LLP
62020 Management LetterOpenInformationalLarry Jensen / Julie Underwood
72021 Enterprise Compliance PlanOpenInformationalCheryl Dietz
82021 Internal Audit Plan Risk AssessmentOpenInformationalMike Dutil / Roseanne Oyoung
92021 Internal Audit PlanOpenActionLarry Jensen
10Review of Information RequestsOpenInformationalChairperson
11Draft Agenda for the Next Committee MeetingOpenInformationalChairperson
12Opportunity 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.