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.
February 04, 2015
Appeals Committee  -  12:30 pm
Meeting location:
Sacramento River Room, 100 Waterfront Place, West Sacramento, CA 95605
ItemTitleSessionTypePresenter
1Approval of Committee Agenda OpenActionChairperson
2Approval of Minutes for the January 15, 2015,
Appeals Committee – Open Session
OpenConsent/ActionChairperson
3Consideration of Proposed Administrative Decisions:
a. Donna Kehl
b. Kenneth Zamvil
c. David Clark
OpenActionMelyssa Adams / Christine Briceno / Valorie Farris
4Deputy Chief Executive Officer ReportOpenInformationalPeggy Plett
5Review of Information RequestsOpenInformationalChairperson
5aOpportunity for Statements from the PublicOpenInformationalChairperson
6Approval of Minutes for January 6, 2015 and January 15, 2015, Appeals Committee – Closed Session (Gov. Code, sec. 11126) ClosedConsent/ActionChairperson
7Deliberate on Proposed Administrative Decisions (Gov. Code, sec. 11126(c)(3)) ClosedConsent/ActionChairperson
8Preliminary Deliberation on the Matter of the Retirement Benefits of Lawrence O’Connor (CalSTRS Case No. 20120830-0000434) (Gov. Code, sec. 11126(c)(3))ClosedConsent/ActionChris Waddell
9Announcement of Action Taken on Proposed Administrative Decisions a. Donna Kehl b. Kenneth Zamvil c. David Clark 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.
 
Audits and Risk Management Committee  -  12:30 pm
ItemTitleSessionTypePresenter
1Approval of Committee Agenda OpenActionChairperson
2Approval of Minutes of the November 5, 2014, Audit and
Risk Management Committee – Open Session
OpenConsent/ActionChairperson
3Education: Accounting and Financial Reporting for InvestmentsOpenActionRobin Madsen
42014 External Auditor’s Report Over Financial Reporting and
Management Letter Items – Status Report
OpenInformationalLarry Jensen
5aFY 2014-16 Audit Plan
a. Progress Report

OpenInformationalLarry Jensen
5bFY 2014-16 Audit Plan
b. Proposed Plan Update
OpenInformationalLarry Jensen
6Chief Auditor’s ReportOpenInformationalLarry Jensen
7Review of Information RequestsOpenInformationalChairperson
8Draft Agenda for Next Committee MeetingOpenInformationalChairperson
8aOpportunity 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 the agenda items.
 
Compensation Committee  -  2:30 pm (estimate)
ItemTitleSessionTypePresenter
1Approval of Committee Agenda / Work PlanOpenActionChairperson
2Approval of Minutes of the November 5, 2014 Compensation Committee Meeting – Open Session OpenConsent/ActionChairperson
3Revisions to Section 700 B of the Board’s Policy Manual
First Reading
OpenInformationalCassandra Lichnock / Christopher J. Ailman
4Incentive Recommendation for the Associate Portfolio
Manager
OpenInformationalCassandra Lichnock
5Review Information RequestsOpenInformationalChairperson
6Draft Agenda for the Next CommitteeOpenInformationalChairperson
6aOpportunity for Statements from the PublicOpenInformationalChairperson
7Approval of Minutes of the September 4, 2014 Compensation Committee Meeting – Closed Session (Gov. Code, sec. 11126)ClosedConsent/ActionChairperson
8Succession Plan DiscussionClosedInformationalAmy McDuffee

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.
 
February 05, 2015
Regular Meeting (Closed Session)  -  9:00 am
ItemTitleSessionTypePresenter
1Approval of Board Agenda OpenActionChairperson
2aApproval of Minutes of the October 10, 2014, Strategic Planning Meeting – Closed Session (Gov. Code, sec. 11126)ClosedConsent/ActionChairperson
2bApproval of Minutes of the November 6, 2014, Regular Meeting - Closed Session (Gov. Code, sec. 11126) ClosedConsent/ActionChairperson
3Committee Reports (Gov. Code, sec. 11126) a. Appeals Committee b. Investment Committee ClosedConsent/InformationChairperson
4Confer With and Receive Advice from Legal Counsel (Gov. Code, sec. 11126(e))ClosedInformationalBrian J. Bartow
5Chief 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.
 
Benefits and Services Committee  -  10:30 am (estimate)
ItemTitleSessionTypePresenter
1Approval of Committee AgendaOpenActionChairperson
2Approval of Minutes of the November 6, 2014, Benefits and
Services Committee Meeting – Open Session
OpenConsent/ActionChairperson
3Additional Earnings and Annuity Credits Policy – Second
Reading
OpenInformationalEd Derman
4Presentation of the Pension2® Recordkeeping PlatformOpenInformationalEd Derman
5Deputy Chief Executive Officer ReportOpenInformationalEd Derman / Peggy Plett
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.
 
Regular Meeting  -  1:00 pm (estimate)
ItemTitleSessionTypePresenter
6aCommittee Reports 1) Audits and Risk Management Committee 2) Benefits and Services Committee 3) Compensation Committee OpenConsent/ActionChairperson
6bApproval of Minutes of the October 9, 2014, Strategic Planning Meeting – Open Session OpenConsent/ActionChairperson
6cApproval of Minutes of the November 6, 2014, Regular Meeting - Open SessionOpenConsent/ActionChairperson
6dBoard Member EducationOpenConsent/ActionChairperson
6eContracts Requiring Board ApprovalOpenConsent/ActionChairperson
6fTechnical Modification to Additional Earnings and Annuity Credit Award for 2012-13OpenConsent/ActionChairperson
7Data Preparation Analysis ReportOpenConsent/InformationChairperson
8Committee Report a. Appeals Committee b. Investment Committee OpenConsent/InformationChairperson
9Pension Solution Contract Award and Budget UpdateOpenActionChris Caietti
10Actuarial Valuation Policy – Second ReadingOpenActionEd Derman
11Adopt Medicare Premium Payment Program AssumptionsOpenActionRick Reed
12State and Federal Legislation and Regulations OpenActionMary Anne Ashley
13Study of California Economic Impact of CalSTRS InvestmentsOpenInformationalEd Derman
14System Risk Management Report OpenInformationalRobin Madsen
15Chief Executive Officer ReportOpenInformationalJack Ehnes
16BusinessRenew Oversight AssessmentOpenInformationalChris Caietti / Graeme Finley, Grant Thornton LLP
17Items Referred by Committee for Board DecisionOpenInformationalChairperson
18New Business / Review Information RequestsOpenInformationalChairperson
19Draft Agenda for the Next Committee MeetingOpenInformationalChairperson
19aOpportunity for Statements from the PublicOpenInformationalChairperson

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.
 
February 06, 2015
Client Advisory Committee Meeting  -  9:00 am
ItemTitleSessionTypePresenter
1Client Advisory Committee AgendaOpenActionEd Derman
 
Investment Committee  -  9:00 am
ItemTitleSessionTypePresenter
1Approval of Committee Agenda OpenActionChairperson
2Approval of Minutes of the November 7, 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
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 – Meet with Consultants (Gov. Code, sec. 11126 (c) (16))ClosedInformationalChairperson
7Investment Insight Program – Climate ChangeOpenInformationalGeneration Investment Management LLP
8Approval of Minutes of the November 7, 2014, Investment Committee Meeting – Open SessionOpenConsent/ActionChairperson
9Pension2® Fund Lineup ChangesOpenConsent/InformationChairperson
10Investment Committee Work Plan for Fiscal Year 2014-15 – RevisedOpenActionChairperson
11aResponsible Contractor Policy Revision – Second ReadingOpenActionMike DiRe
11bDiversity in the Management of Investment
2014 Progress Report
OpenActionSolange Brooks and DMI Team
12Chief Investment Officer’s Report – Open SessionOpenInformationalChristopher J. Ailman
13Asset Allocation Study – Part 1OpenInformationalAllan Emkin, PCA / Stephen McCourt, Meketa / Staff
14DBS/CB Minimum Rate Risk MitigationOpenInformationalAllan Emkin, PCA and Staff
15Infrastructure Policy Revision – Revise Investment Discretion – First Reading OpenInformationalPaul Shantic / Christopher J. Ailman
16Corporate Governance Proxy Voting Guidelines –
First Reading
OpenInformationalAnne Sheehan / Christopher J. Ailman
17Pension2® Policy Revision – First ReadingOpenInformationalCandace Ronan / Sandy Blair / Christopher J. Ailman
18Review of Information RequestsOpenInformationalChairperson
19Draft Agenda for the April 2015, Investment Committee MeetingOpenInformationalChairperson
19aOpportunity 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.