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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.
June 07, 2017
Compensation Committee  -  9:00 amDownload Meeting Items
ItemTitleSessionTypePresenter
1Approval of Committee Agenda / Work PlanOpenActionChairperson
2Approval of Minutes of the April 6, 2017 Compensation Committee Meeting – Open Session OpenConsent/ActionChairperson
3Evaluation of Quantitative/Qualitative Weightings for the COO and CFO positionsOpenActionMelissa Norcia
4Technical Housekeeping Revisions to the Compensation Policy and Administrative ProceduresOpenActionMelissa Norcia
5Review Information RequestsOpenInformationalChairperson
6Draft Agenda for the Next CommitteeOpenInformationalChairperson
7Opportunity 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.
 
Audits and Risk Management Committee  -  10:15 am (estimate)Download Meeting Items
ItemTitleSessionTypePresenter
1Approval of Committee Agenda OpenActionChairperson
2Approval of Minutes of the April 5, 2017 Audit and Risk Management Committee – Open SessionOpenConsent/ActionChairperson
32017 Six-Month Risk AssessmentOpenInformationalLarry Jensen
42017 Six-Month Audit Plan OpenActionLarry Jensen
5Charter School Audit ResultsOpenInformationalLarry Jensen
6Chief Auditor UpdateOpenInformationalLarry Jensen
7Chief Compliance Officer UpdateOpenInformationalBrian Bartow
8Review of Information RequestsOpenInformationalChairperson
9Draft Agenda for Next Committee MeetingOpenInformationalChairperson
10Opportunity 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.
 
Investment Committee  -  12:15 pm (estimate)Download Meeting Items
ItemTitleSessionTypePresenter
1Approval of Committee Agenda OpenActionChairperson
2Approval of Minutes of the April 5, 2017 Investment Committee Meeting – Closed Session (Gov. Code, sec. 11126) ClosedConsent/ActionChairperson
3Confer With and Receive Advice from Fiduciary Counsel and Investment Consultants (Gov. Code, sec. 11126(c)(16)) ClosedInformationalReed Smith, PCA, and Meketa
4Tactical Investment Strategy Discussion (Gov. Code, sec. 11126(c)(16)) ClosedInformationalInvestment Staff and Consultants
5Chief Investment Officer’s Report – Closed Session (Gov. Code, sec. 11126)ClosedInformationalChristopher Ailman
6Global Equity Implementation Update (Gov. Code, sec. 11126(c)(16))ClosedInformationalJune Kim
7Confer With and Receive Advice from Legal Counsel Regarding Pending Litigation (Gov. Code, sec. 11126(e)) ClosedInformationalBrian J. Bartow
8Consideration of Investment Decisions (Gov. Code, sec. 11126 (c) (16)) ClosedInformationalChairperson
9Approval of Minutes of the April 5, 2017, Investment Committee Meeting – Open Session OpenConsent/ActionChairperson
10Chief Investment Officer’s Report – Open SessionOpenInformationalChristopher Ailman
11Investment Insight Program – Corporate Boards
(timed item, 2:30 p.m.)
OpenInformationalFrank Blake, former Chairman and CEO of Home Depot
12ESG / Sustainability Policy (IPMP Attachment A) –– Second ReadingOpenInformationalChristopher Ailman, Anne Sheehan, Brian Rice, PCA and Meketa
13Divestment Policy – Non-U.S. Thermal CoalOpenActionChristopher Ailman
14Investment Policy and Management Plan Revision – Update Asset TargetsOpenActionChristopher Ailman
15Private Equity Policy Revision – Second Reading OpenActionMargot Wirth and Seth Hall
16Real Estate Consultant RFPOpenActionMike DiRé
17Real Estate Policy Revision – First ReadingOpenInformationalMike DiRé
18Inflation Sensitive Policy Revision – First ReadingOpenInformationalPaul Shantic
19Review of Information RequestsOpenInformationalChairperson
20Draft Agenda for the July 12, 2017, Investment Committee MeetingOpenInformationalChairperson
20aOpportunity 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  -  12:30 pm
Meeting location:
American River Conference Room
Download Meeting Items
ItemTitleSessionTypePresenter
1Client Advisory Committee AgendaOpenInformationalGrant Boyken/Andrew Roth

NOTE:  
Next meeting will be November 2017 during the week of board meetings.
 
June 08, 2017
Board Governance Committee  -  8:30 amDownload Meeting Items
ItemTitleSessionTypePresenter
1Approval of Committee Agenda / Work PlanOpenActionChairperson
2Approval of Minutes of the April 7, 2017, Board Governance Committee Meeting – Open SessionOpenConsent/ActionChairperson
3Revisions to Board Policy ManualOpenActionBrian J. Bartow/ Jill Lukins
4Facilitated Educational WorkshopOpenInformationalBarbara Berlin/Terry Ward, PwC Governance Insights Center
5Review of Information RequestsOpenInformationalChairperson
6Draft Agenda for the Next Committee MeetingOpenInformationalChairperson
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  -  10:15 amDownload Meeting Items
ItemTitleSessionTypePresenter
1Approval of Committee Agenda OpenActionChairperson
2Approval of Minutes of the April 7, 2017 Benefits and Services Committee Meeting – Open Session
OpenConsent/ActionChairperson
3Benefit Adequacy for Pre-1999 RetireesOpenInformationalTom Buffalo
4Executive Officer ReportOpenInformationalAndrew Roth
5Review of Information RequestsOpenInformationalChairperson
6Draft Agenda for the Next Committee MeetingOpenInformationalChairperson

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  -  12:30 pmDownload Meeting Items
ItemTitleSessionTypePresenter
1Approval of Board Agenda OpenActionChairperson
2Appointment of Committee Members and Committee Chairs/Vice-Chairs for 2017-18OpenActionChairperson
3aBoard/Committee Work Plans for Fiscal Year 2017-18: Board Work Plan
OpenActionDana Dillon
3bBoard/Committee Work Plans for Fiscal Year 2017-18: Appeals Committee Work PlanOpenActionMichelle Zumot
3cBoard/Committee Work Plans for Fiscal Year 2017-18: Audits and Risk Management Committee Work PlanOpenActionPaul Rosenstiel
3dBoard/Committee Work Plans for Fiscal Year 2017-18: Benefits and Services Committee Work Plan
OpenActionSharon Hendricks
3eBoard/Committee Work Plans for Fiscal Year 2017-18: Board Governance Committee Work Plan
OpenActionBetty Yee
3fBoard/Committee Work Plans for Fiscal Year 2017-18: Compensation Committee Work Plan
OpenActionDana Dillon
3gBoard/Committee Work Plans for Fiscal Year 2017-18: Investment Committee Work PlanOpenActionHarry Keiley
4State and Federal LegislationOpenActionGrant Boyken/ Joycelyn Martinez-Wade
5Adopt Amendments to Creditable Compensation RegulationsOpenActionGrant Boyken
6Policy on Employer Reimbursement for Board Member Services OpenActionBrian J. Bartow
7Chief Executive Officer Report OpenInformationalJack Ehnes
8Emerging Education Delivery Methods: Charter SchoolsOpenInformationalAlisa Dobbins
9aProject Risk Oversight ReportOpenInformationalGraeme Finley, Grant Thornton LLP
9bPension Solution Project Independent Verification & Validation (IV&V) UpdateOpenInformationalJon Lemelin, MAXIMUS
10aCommittee Reports 1) Investment Committee 2) Appeals Committee 3) Audits and Risk Management Committee 4) Benefits and Services Committee 5) Board Governance 6) Compensation Committee OpenConsent/ActionChairperson
10bApproval of Minutes of the April 6 & 7, 2017, Regular Meeting – Open SessionOpenConsent/ActionChairperson
10cBoard Member Education - REVISEDOpenConsent/ActionChairperson
10dContracts Requiring Board ApprovalOpenConsent/ActionChairperson
11Items Referred by Committee for Board DecisionOpenInformationalChairperson
12New Business / Review Information RequestsOpenInformationalChairperson
13Draft Agenda for the Next Committee MeetingOpenInformationalChairperson
14Approval of Minutes of the April 7, 2017 Regular Meeting - Closed Session (Gov. Code, sec. 11126) ClosedConsent/ActionChairperson
15Committee Reports (Gov. Code, sec. 11126(c)(3), (16)) a. Investment Committee b. Appeals Committee ClosedConsent/InformationChairperson
16Evaluation of CEO/CIO Base Salary Adjustments (Gov. Code, sec. 11126(a), (b), (g)(1)).ClosedActionChairperson
17Setting of CEO/CIO Performance Targets/Compensation for the 2017-18 Performance Year (Gov. Code, sec. 11126(a), (b), (g)(1)).ClosedActionChairperson
18Confer With and Receive Advice from Legal Counsel Regarding Pending Litigation (Gov. Code, sec. 11126(e)) ClosedInformationalBrian J. Bartow
19Chief Executive Officer Briefing on Performance and Personnel Issues (Gov. Code, sec. 11126(a), (b), (g)(1)) 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  Download Meeting Items
ItemTitleSessionTypePresenter
1Audits and Risk Management Committee - Item #5 Charter School Audit ResultsOpenInformationalLarry Jensen
5Investment Committee - Item #10 Chief Investment Officer’s Report – Open SessionOpenInformationalChristopher Ailman
6Investment Committee - Item #11 Investment Insight Program – Corporate Boards
(timed item, 2:30 p.m.)
OpenInformationalFrank Blake
7Investment Committee - Item #14 Investment Policy and Management Plan Revision – Update Asset TargetsOpenInformationalChristopher Ailman
8Board Governance Committee - Item #4 Facilitated Educational WorkshopOpenInformationalBarbara Berlin & Terry Ward, PwC Governance Insights Center
9Benefits & Services Committee - Item #3 Benefit Adequacy for Pre-1999 RetireesOpenInformationalTom Buffalo
10Investment Committee - Item #15 Private Equity Policy Revision – Second Reading OpenInformationalMargot Wirth and Seth Hall
11Regular Meeting - Item #7 Chief Executive Officer Report OpenInformationalJack Ehnes
12Regular Meeting - Item #8 Emerging Education Delivery Methods: Charter SchoolsOpenInformationalAlisa Dobbins
13Regular Meeting - Item #9a Project Risk Oversight ReportOpenInformationalGraeme Finley, Grant Thornton LLP
14Regular Meeting - Item #9b Pension Solution Project Independent Verification & Validation (IV&V) UpdateOpenInformationalJon Lemelin, MAXIMUS

NOTE: