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 02, 2014
Appeals Committee  -  9:00 am
Meeting location:
Sacramento River Room
CalSTRS
100 Waterfront Place
West Sacramento, CA 95605
ItemTitleSessionTypePresenter
1Approval of Committee Agenda / Work Plan OpenActionChairperson
2Approval of Minutes for the February 5, 2014, Appeals
Committee – Open Session
OpenConsent/ActionChairperson
3 Consideration of Proposed Administrative Decisions:
a. Richard Page
b. Lawrence O’Connor
OpenActionSuzanne De Fonte / Peggy Plett / Christine Briceno
4Deputy Chief Executive Officer ReportOpenInformationalPeggy Plett
5Review of Information RequestsOpenInformationalChairperson
5aOpportunity for Additional Statements from the PublicOpenInformationalChairperson
6Approval of Minutes for the February 5, 2014, Appeals Committee – Closed Session (Gov. Code, sec. 11126)ClosedActionChairperson
7Deliberate on Proposed Administrative Decisions (Gov. Code, sec. 11126(c)(3))ClosedActionChairperson
8Announcement of Action Taken on Proposed
Administrative Decisions
a. Richard Page
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.
 
Board Governance Committee  -  2:00 pm
ItemTitleSessionTypePresenter
1Approval of Committee Agenda / Work PlanOpenActionChairperson
2Approval of Minutes of the November 7, 2013 Board
Governance Committee Meeting – Open Session
OpenActionChairperson
3Board Policy Manual Revisions - (Second Reading)OpenInformationalBrian J. Bartow / Jill Lukins / Amy McDuffee
4Review of Information RequestsOpenInformationalChairperson
5Draft Agenda for Next Committee MeetingOpenInformationalChairperson
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.
 
Client Advisory Committee Meeting  -  2:00 pm
Meeting location:
American River Room
CalSTRS
100 Waterfront Place
West Sacramento, CA
ItemTitleSessionTypePresenter
1Client Advisory Committee MeetingOpenInformationalEd Derman
 
Benefits and Services Committee  -  3:00 pm (estimate)
ItemTitleSessionTypePresenter
1Approval of Committee Agenda / Work PlanOpenActionChairperson
2Adoption of Factors, Contribution Rates and Benefits for 2014-15OpenActionRick Reed
2aAdoption of Factors, Contribution Rates and Benefits for 2014-15:
a) Regular Interest Rate – Defined Benefit Program
OpenActionRick Reed
2bAdoption of Factors, Contribution Rates and Benefits for 2014-15:
b) Credited Interest Rate – Defined Benefit Program
OpenActionRick Reed
2cAdoption of Factors, Contribution Rates and Benefits for 2014-15:
c) Minimum Interest Rate – Cash Balance Benefit Program
OpenActionRick Reed
2dAdoption of Factors, Contribution Rates and Benefits for 2014-15:
d) Minimum Interest Rate – Defined Benefit Supplement Program
OpenActionRick Reed
2eAdoption of Factors, Contribution Rates and Benefits for 2014-15:
e) Employer Contribution Rate for Elected Officials of Employee
Organizations
OpenActionRick Reed
2fAdoption of Factors, Contribution Rates and Benefits for 2014-15:
f) Employer Contribution Rate for Reduced Workload Program
OpenActionRick Reed
2gAdoption of Factors, Contribution Rates and Benefits for 2014-15:
g) Permissive Service Contribution Rates – Defined Benefit
Program
OpenActionRick Reed
2hAdoption of Factors, Contribution Rates and Benefits for 2014-15:
h) Lump-sum Death Benefit for Actives and Retired Members
OpenActionRick Reed
3Approval of Minutes of the November 6, 2013, Benefits and
Services Committee – Open Session
OpenConsent/ActionChairperson
4Deputy Chief Executive Officer ReportOpenInformationalEd Derman / Peggy Plett
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.
 
April 03, 2014
Teachers' Retirement Board - Regular Meeting  -  9:00 am
ItemTitleSessionTypePresenter
1Approval of the Board Agenda / Work PlanOpenActionChairperson
2CEO/CIO Succession Planning (Gov. Code, sec. 11126(a), (c))ClosedInformationalCassandra Lichnock / Luis Navas / Rick Miller / Mary Hobson
3Annual Board Chair and Vice Chair ElectionsOpenActionJack Ehnes
4California Teachers Study UpdateOpenInformationalRichard Pinder / James Lacey
5Committee Composition for Fiscal Year 2014-15OpenInformationalChairperson
6Fiscal Year 2014-15 Board Meeting CalendarOpenActionChairperson
7Approval of Pension2 Record Keeper ContractOpenActionEd Derman
8aFiscal Year 2014-15 Budget
a. Information Technology Project Funding
OpenActionRobin Madsen
8bFiscal Year 2014-15 Budget
b. Corporate Governance
OpenActionRobin Madsen
9Creditable Compensation RegulationOpenActionEd Derman
10aAdoption of June 30, 2013 Actuarial Valuation and Analysis for:
a. Defined Benefit Program
OpenActionRick Reed / Nick Collier and Mark Olleman, Milliman
10bAdoption of June 30, 2013 Actuarial Valuation and Analysis for:
b. Defined Benefit Supplement Program
OpenActionRick Reed / Nick Collier and Mark Olleman, Milliman
10cAdoption of June 30, 2013 Actuarial Valuation and Analysis for:
c. Cash Balance Benefit Program
OpenActionRick Reed / Nick Collier and Mark Olleman, Milliman
10dAdoption of June 30, 2013 Actuarial Valuation and Analysis for:
d. Supplemental Benefit Maintenance Account
OpenActionRick Reed / Nick Collier and Mark Olleman, Milliman
11Assumptions Related to GASB Statement No. 67OpenActionRick Reed / Nick Collier and Mark Olleman, Milliman
12Legal Framework for Adjusting Member ContributionsOpenInformationalBrian J. Bartow
13Chief Executive Officer ReportOpenInformationalJack Ehnes
14BusinessRenew Oversight AssessmentOpenInformationalChris Caietti / Graeme Finley, Grant Thornton LLP
15Annual Fiduciary TrainingOpenInformationalIan Lanoff
16aCommittee Reports
1) Benefits and Services Committee
2) Board Governance Committee
3) Compensation Committee
OpenConsent/ActionChairperson
16bApproval of Minutes of the February 6, 2014,
Regular Meeting - Open Session
OpenConsent/ActionChairperson
16cBoard Member Education - RevisedOpenConsent/ActionChairperson
16dContracts Requiring Board ApprovalOpenConsent/ActionChairperson
17Committee Report
a. Appeals Committee
b. Investment Committee
OpenConsent/InformationChairperson
18Items Referred by Committee for Board DecisionOpenInformationalChairperson
19New Business / Review Information RequestsOpenInformationalChairperson
20Draft Agenda for the Next Regular MeetingOpenInformationalChairperson
20aOpportunity for Statements from the PublicOpenInformationalChairperson
21Approval of Minutes of the February 6, 2014, Regular Meeting - Closed Session (Gov. Code, sec. 11126)ClosedConsent/ActionChairperson
22Committee Reports (Gov. Code, sec. 11126) a. Appeals Committee b. Investment CommitteeClosedConsent/InformationChairperson
23Confer With and Receive Advice from Legal Counsel Regarding Pending Litigation (Gov. Code, sec. 11126(e))ClosedInformationalBrian J. Bartow
24Chief 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.
 
Compensation Committee  -  11:00 am (estimate)
ItemTitleSessionTypePresenter
1Approval of Committee Agenda / Work PlanOpenActionChairperson
2Approval of Minutes of the November 6, 2013,
Compensation Committee – Open Session
OpenConsent/ActionChairperson
3Evaluation of Asset Class Performance Measures for
the Innovation and Infrastructure Asset Classes
OpenInformationalCassandra Lichnock / Christopher J. Ailman
4New Investment Staff Classification Development and
Implementation Approach
OpenInformationalCassandra Lichnock / Christopher J. Ailman
5HR Executive ReportOpenInformationalCassandra Lichnock
6Review of Information RequestsOpenInformationalChairperson
7Draft Agenda for the Next Committee MeetingOpenInformationalChairperson
7aOpportunity 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  -  4:00 pm (estimate)
ItemTitleSessionTypePresenter
1Approval of Committee Agenda / Work PlanOpenActionChairperson

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 04, 2014
Investment Committee  -  9:00 am
ItemTitleSessionTypePresenter
2Receive General Consultant – Semi-annual
Performance Report, Period Ending
December 31, 2013
OpenInformationalAllan Emkin, Pension Consulting Alliance
3Receive Real Estate – Semi-annual Performance
Report, Period Ending September 30, 2013
OpenInformationalMicolyn Magee, The Townsend Group
4Receive Private Equity – Semi-annual Performance
Report, Period Ending September 30, 2013
OpenInformationalMike Moy, Pension Consulting Alliance
5Approval of Minutes of the February 7, 2014, Investment Committee Meeting – Closed Session (Gov. Code, sec. 11126)ClosedConsent/ActionChairperson
6Tactical Investment Strategy Discussion (Gov. Code sec. 11126(c)(16))ClosedInformationalInvestment Staff and Consultants
7Confer With and Receive Advice from Legal Counsel Regarding Pending Litigation (Gov. Code, sec. 11126 (c) (16))ClosedInformationalBrian J. Bartow
8aClosed Session Semi-annual Reports a. Receive General Consultant – Semi-annual Performance Report, Period Ending December 31, 2013 (Gov. Code, sec. 11126(c)(16))ClosedInformationalAllan Emkin, Pension Consulting Alliance
8bClosed Session Semi-annual Reports b. Receive Real Estate – Semi-annual Performance Report, Period Ending September 30, 2013 (Gov. Code, sec. 11126(c)(16))ClosedInformationalMicolyn Magee, The Townsend Group
8cClosed Session Semi-annual Reports c. Receive Private Equity – Semi-annual Performance Report, Period Ending September 30, 2013 (Gov. Code, sec. 11126(c)(16))ClosedInformationalMike Moy, Pension Consulting Alliance
8dClosed Session Semi-annual Reports d. Receive Semi-annual Report on Investment Manager Rating (Gov. Code, sec. 11126(c)(16))ClosedInformationalInvestment Staff
9Chief Investment Officer’s Report – Closed Session (Gov. Code, sec. 11126)ClosedInformationalChristopher J. Ailman and Asset Class Directors
10Consideration of Investment Decisions (Gov. Code, sec. 11126(c)(16))ClosedInformationalChairperson
11Chief Investment Officer’s Report – Open SessionOpenInformationalChristopher J. Ailman
12Approval of Minutes of the February 7, 2014,
Investment Committee Meeting – Open Session
OpenConsent/ActionChairperson
13Investment Committee Charter - RevisionOpenConsent/ActionChairperson
14Real Estate Policy Revision - (Second Reading)OpenActionMike DiRe
15Global Equity Policy Revision – (Second Reading)OpenActionDavid Murphy
16Selection of General Consultant and Division of DutiesOpenActionChristopher J. Ailman
17Committee Input to Fiscal Year 2014-15 Work Plan
Projects
OpenInformationalChristopher J. Ailman
18Fixed Income Investment Policy Revision –
(First Reading)
OpenInformationalGlenn Hosokawa / Paul Shantic
19Currency Management Program Policy Revision –
(First Reading)
OpenInformationalGlenn Hosokawa / Paul Shantic
20Securities Lending Program Policy Revision –
(First Reading)
OpenInformationalGlenn Hosokawa / Paul Shantic
21Review of Information RequestsOpenInformationalChairperson
22Draft Agenda for the June 2014, Investment Committee
Meeting
OpenInformationalChairperson
22aOpportunity 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.