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.
November 05, 2014
Appeals Committee  -  1:00 pm
Meeting location:
Sacramento RIver Conference Room
100 Waterfront Place
W Sacramento, CA 95605
ItemTitleSessionTypePresenter
1Approval of Committee Agenda OpenActionChairperson
2Approval of Minutes for the September 4, 2014,
Appeals Committee – Open Session
OpenConsent/ActionChairperson
3aConsideration of Proposed Decision: Lawrence O'Connor.OpenActionChristine Briceno
4Extension of Date By Which Appeals Committee Must Issue Its Final Decision in the Matter of the Application for Disability Benefits of James Tracy for Marianne Tracy (CalSTRS Case No. 20111114-000346) from December 21, 2014 until January 20, 2015. (Gov. Code sec. 11517(c)(2)(E)(iv))OpenActionChris Waddell
5Deputy Chief Executive Officer ReportOpenInformationalPeggy Plett
6Review of Information RequestsOpenInformationalChairperson
6aOpportunity for Additional Statements from the PublicOpenInformationalChairperson
7Approval of Minutes for September 4, 2014, Appeals Committee – Closed Session (Gov. Code, sec. 11126) ClosedConsent/ActionChairperson
8Deliberate on Proposed Administrative Decision (Gov. Code, sec. 11126(c)(3)) ClosedActionChairperson
9Preliminary Deliberation on the Matter of the Application for Disability Benefits of James Tracy for Marianne Tracy (CalSTRS Case No. 20111114-000346). (Gov. Code, sec. 11126(c)(3))ClosedActionChris Waddell
10Announcement of Action Taken on Proposed Administrative Decision a. Lawrence O’Connor OpenActionChairperson

NOTE:  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  -  1:00 pm
ItemTitleSessionTypePresenter
1Approval of Committee Agenda OpenActionChairperson
2Independent Auditor’s Report on CalSTRS Financial Statements for the Year Ended June 30, 2014OpenActionCrowe Horwath
3Independent Auditor’s Report for the Schedule of Net Pension Liability Proportionate Share of Contributions and Schedule of Aggregate Pension Amounts for Employers and Non-employer Contributing Entity for the Year Ended June 30, 2014OpenActionCrowe Horwath
4Report to Those Charged with Governance
OpenActionCrowe Horwath
5Independent Auditor’s Report on Internal Control over Financial
Reporting and on Compliance and Other Matters
OpenActionCrowe Horwath
6Approval of Minutes of the September 4, 2014, Audit and
Risk Management Committee – Open Session
OpenConsent/ActionChairperson
7Management LetterOpenInformationalCrowe Horwath
8Macias Gini & O’Connell LLP (MGO) Real Estate Investment
Audit Report
OpenInformationalLarry Jensen
9Review of Information RequestsOpenInformationalChairperson
10Draft Agenda for Next Committee MeetingOpenInformationalChairperson
10aOpportunity for Statements for the PublicOpenInformationalChairperson

NOTE:  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 the agenda items.
 
Board Governance Committee  -  3:00 pm (estimate)
ItemTitleSessionTypePresenter
1Approval of Committee Agenda OpenActionChairperson
2Self-Evaluation PolicyOpenActionAmy McDuffee
3Review Proposed Legislation Potentially Impacting the Education PolicyOpenActionJill Lukins / Amy McDuffee
4Approval of Minutes of the June 5, 2014 Board Governance
Committee Meeting – Open Session
OpenConsent/ActionChairperson
5Review Committee Charter and Scope of Authority –
First Reading
OpenInformationalJill Lukins / Amy McDuffee
6Compensation Policy and Procedure – First ReadingOpenInformationalAmy McDuffee
7Review of Information RequestsOpenInformationalChairperson
8Draft Agenda for the Next Committee MeetingOpenInformationalChairperson
8aOpportunity for Additional Statements from the PublicOpenInformationalChairperson

NOTE:  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  -  4:30 pm (estimate)
ItemTitleSessionTypePresenter
1Approval of Committee Agenda OpenActionChairperson
2Approval of Minutes of the September 4, 2014
Compensation Committee Meeting – Open Session
OpenConsent/ActionChairperson
3Evaluation of Asset Class Performance Benchmarks
Including Performance Relative to Peer Group
OpenInformationalCassandra Lichnock / Christopher J. Ailman
4Evaluation of Incentive Opportunity Recommendation for
Associate Portfolio Manager
OpenInformationalCassandra Lichnock / Kathleen Maffei
5Disclosure of Incentives for Statutory Positions for the
2013-14 Plan Year
OpenInformationalCassandra Lichnock
6Review of Information RequestsOpenInformationalChairperson
7Draft Agenda for the Next Committee MeetingOpenInformationalChairperson
7aOpportunity for Additional Statements from the PublicOpenInformationalChairperson

NOTE:  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.
 
November 06, 2014
Benefits and Services Committee  -  9:00 am
ItemTitleSessionTypePresenter
1Approval of Committee Agenda OpenActionChairperson
2Approval of Minutes of the September 4, 2014 Benefits and
Services Committee Meeting – Open Session
OpenConsent/ActionChairperson
3Retirement Incentive ProgramOpenInformationalPeggy Plett
42013-14 Service Objectives Accomplishment ReportOpenInformationalPeggy Plett
5Demographic Characteristics of CalSTRS MembersOpenInformationalEd Derman
6Adding Rates and Benefit Amounts to the Teachers’ Retirement
Board Policy Manual – First Reading
OpenInformationalEd Derman
7Additional Earnings and Annuity Credits Policy – First ReadingOpenInformationalEd Derman
8Deputy Chief Executive Officer ReportOpenInformationalEd Derman / Peggy Plett
9Review of Information RequestsOpenInformationalChairperson
10Draft Agenda for the Next Committee MeetingOpenInformationalChairperson
10aOpportunity for Additional Statements from the PublicOpenInformationalChairperson

NOTE:  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  -  11:00 am (estimate)
ItemTitleSessionTypePresenter
1Approval of Board Agenda OpenActionChairperson
2Federal Legislative ReviewOpenInformationalJohn Stanton, Hogan Lovells
3Adoption of Proposed Fiscal Year 2015-16 Operational
Budget – Second Reading
OpenActionRobin Madsen
4State and Federal Legislation and Regulations – Adopt
Board Position (Policy)
OpenActionMary Anne Ashley
5Financial Statement ReviewOpenInformationalRobin Madsen / Art Martinez / Shifat Hasan / Lucy Arbuckle
6Pension Solution BudgetOpenInformationalRobin Madsen / Chris Caietti
7Chief Executive Officer ReportOpenInformationalJack Ehnes
8BusinessRenew Oversight AssessmentOpenInformationalChris Caietti / Graeme Finley, Grant Thornton LLP
9Economic Impact of CalSTRS InvestmentsOpenInformationalEd Derman
10Actuarial Valuation Policy – First ReadingOpenInformationalEd Derman
11Review of Ethics Law and PoliciesOpenInformationalBrian J. Bartow
12aCommittee Reports 1) Audits and Risk Management Committee 2) Benefits and Services Committee 3) Board Governance Committee 4) Compensation Committee OpenConsent/ActionChairperson
12bApproval of Minutes of the September 4, 2014, Regular Meeting - Open SessionOpenConsent/ActionChairperson
12cApprove of Minutes of the February 6, 2014, Legislative Committee – Open SessionOpenConsent/ActionChairperson
12dBoard Member EducationOpenConsent/ActionChairperson
12eAppointment to the California Actuarial Advisory PanelOpenConsent/ActionEd Derman
12fTechnical Modification to Additional Earnings and
Annuity Credit Award for 2012-13
OpenConsent/ActionEd Derman
13Committee Report a. Appeals Committee b. Investment Committee OpenConsent/InformationChairperson
14Items Referred by Committee for Board DecisionOpenInformationalChairperson
15New Business / Review Information RequestsOpenInformationalChairperson
16Draft Agenda for the Next Committee MeetingOpenInformationalChairperson
16aOpportunity for Additional Statements from the PublicOpenInformationalChairperson
17Approval of Minutes of the September 4, 2014 Regular Meeting - Closed Session (Gov. Code, sec. 11126) ClosedConsent/ActionChairperson
18Committee Reports (Gov. Code, sec. 11126) a. Appeals Committee b. Investment Committee ClosedConsent/InformationChairperson
19Confer With and Receive Advice from Legal Counsel Regarding Pending Litigation (Gov. Code, sec. 11126(e)) ClosedInformationalBrian J. Bartow
20Chief Executive Officer Briefing on Performance and Personnel Issues (Gov. Code, sec. 11126(a), (b), (g)) ClosedInformationalJack Ehnes

NOTE:  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 07, 2014
Client Advisory Committee  -  9:00 am
Meeting location:
American River Conference Room
100 Waterfront Place
W Sacramento, CA 95605
ItemTitleSessionTypePresenter
1Client Advisory Committee Meeting AgendaOpenInformationalEd Derman
 
Investment Committee  -  9:00 am
ItemTitleSessionTypePresenter
1Approval of Committee Agenda OpenActionChairperson
2Approval of Minutes of the September 4 & 5, 2014, Investment Committee Meeting – Closed Session (Gov. Code, sec. 11126)ClosedConsent/ActionChairperson
3Tactical Investment Strategy Discussion (Gov. Code, sec. 11126(c)(16)) ClosedInformationalInvestment Staff / Consultants
42014-15 Corporate Governance Engagement Plan – Closed Session (Gov. Code sec. 11126ClosedInformationalAnne Sheehan
5Chief Investment Officer’s Report – Closed Session (Gov. Code, sec. 11126)ClosedInformationalChristopher J. Ailman
6Confer With and Receive Advice from Legal Counsel Regarding Pending Litigation (Gov. Code, sec. 11126(e)) ClosedInformationalBrian J. Bartow
7Consideration of Investment Decisions – (Gov. Code, sec. 11126 (c) (16)) ClosedInformationalChairperson
8Investment Insight Program – Corporate Governance 2015OpenInformationalAmy Borrus, CII / Michelle Edkins, BlackRock
9Chief Investment Officer’s Report – Open SessionOpenInformationalChristopher J. Ailman
10Approval of Minutes of the September 4 & 5, 2014, Investment Committee Meeting – Open SessionOpenConsent/ActionChairperson
11aGreen Initiative Task Force Annual Report, Period Ending June 30, 2014
OpenConsent/InformationBrian Rice
11bGeopolitical – ESG ReportOpenConsent/InformationAnne Sheehan
12Responsible Contractor Policy Revision – First ReadingOpenInformationalMike DiRe
13Investment Policy and Management Plan Revision – First ReadingOpenInformationalChristopher J. Ailman
142014-15 Corporate Governance Engagement Plan OpenInformationalAnne Sheehan
15Annual CEM Investment ReportOpenInformationalDebra Smith / Rogier Slingerland, CEM
16Review of Information RequestsOpenInformationalChairperson
17Draft Agenda for the February 2015, Investment Committee MeetingOpenInformationalChairperson
17aOpportunity for Statements from the PublicOpenInformationalChairperson

NOTE:  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.