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 03, 2016
Audits and Risk Management Committee  -  8:30 am
ItemTitleSessionTypePresenter
1Approval of Committee Agenda OpenActionChairperson
2Approval of Minutes of the November 4, 2015 Audit and Risk Management Committee – Open Session
OpenConsent/ActionChairperson
3Progress on External Financial Auditor’s Report on Internal Control – Corrective ActionsOpenConsent/InformationLarry Jensen
4Financial Statement Audit PlanOpenInformationalLarry Jensen/Crowe Horwath LLP
5External Financial Statement Auditor Request For ProposalOpenInformationalLarry Jensen
6Financial Expert Request For ProposalOpenInformationalLarry Jensen
7aFY2015-16 Audit Plan: Progress Report

OpenInformationalLarry Jensen
7bFY2015-16 Audit Plan: Proposed Plan Update
OpenInformationalLarry Jensen
8Chief Auditor UpdateOpenInformationalLarry Jensen
9Review of Information RequestsOpenInformationalChairperson
10Draft Agenda for Next Committee MeetingOpenInformationalChairperson
11Opportunity 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  -  10:30 am (estimate)
Meeting location:
American River Room, 100 Waterfront Place, West Sacramento, CA 95605
ItemTitleSessionTypePresenter
1Client Advisory Committee AgendaOpenInformationalEd Derman
 
Investment Committee  -  10:30 am (estimate)
ItemTitleSessionTypePresenter
1Approval of Committee Agenda / Work PlanOpenActionChairperson
2Approval of Minutes of the November 4, 2015, Investment Committee Meeting – Closed Session (Gov. Code, sec. 11126)ClosedConsent/ActionChairperson
3Tactical Investment Strategy Discussion (Gov. Code, sec. 11126(c)(16)) ClosedInformationalInvestment Staff and Consultants
4Confer With and Receive Advice from Legal Counsel Regarding Pending Litigation (Gov. Code, sec. 11126(e)) ClosedInformationalBrian J. Bartow
5Chief Investment Officer’s Report – Closed Session (Gov. Code, sec. 11126)ClosedInformationalChristopher J. Ailman
6Consideration of Investment Decisions – 1st Session (Gov. Code, sec. 11126 (c) (16)) ClosedInformationalChairperson
7Chief Investment Officer’s Report – Open SessionOpenInformationalChristopher J. Ailman
8Approval of Minutes of the November 4, 2015, Investment Committee Meeting – Open SessionOpenConsent/ActionChairperson
9Review of Risk Mitigation Strategy Asset Class Policy – First Reading REVISEDOpenActionSteven Tong
10Divestment Policy – U.S. CoalOpenActionChristopher J. Ailman
11Investment Cost 2015 ProjectOpenActionChristopher J. Ailman
12Report of the December and January Meetings of the Subcommittee of the Investment Committee OpenActionHarry Keiley, Sub-Committee Chair
13Presentation of Annual Green Team ReportOpenInformationalBrian Rice
14Review of Private Equity PortfolioOpenInformationalJohn Haggerty and Steven Hartt, Meketa
15Investment Policy and Management Plan – Revision Adopt New Asset Target – First ReadingOpenInformationalChristopher J. Ailman
16Review of Information RequestsOpenInformationalChairperson
17Draft Agenda for the April 2016, Investment Committee MeetingOpenInformationalChairperson
17aOpportunity for Statements from the PublicOpenInformationalChairperson
18Review of Private Equity Portfolio – Closed SessionClosedInformationalJohn Haggerty and Steven Hartt, Meketa

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.
 
February 04, 2016
Regular Meeting  -  9:00 am
ItemTitleSessionTypePresenter
1CalSTRS Budget WorkshopOpenInformationalRobin Madsen, Ed Derman, Art Martinez, Greg Reaume
2Approval of Board Agenda OpenActionChairperson
3Research Study: Are California Teachers Better Off With a Pension or a 401(k)?OpenInformationalNari Rhee and William Fornia
4Update on State and Federal LegislationOpenInformationalEd Derman
5Chief Executive Officer ReportOpenInformationalJack Ehnes
6Deferral of Actuarial Experience StudyOpenActionEd Derman, Rick Reed, David Lamoureux
7Strategic Plan 2016-2019 – First ReadingOpenInformationalAmy McDuffee
8Data StabilizationOpenInformationalRobin Madsen and Ashish Jain
9Pension Solution Progress ReportOpenInformationalAshish Jain and Andrew Roth
10Project Risk Oversight Report OpenInformationalGraeme Finley, Grant Thornton LLP
11System Risk Management Semi-Annual ReportOpenInformationalRobin Madsen
12aCommittee Reports 1) Appeals Committee 2) Investment Committee 3) Audits and Risk Management Committee OpenConsent/ActionChairperson
12bApproval of Minutes of the November 5, 2015, Regular Meeting – Open SessionOpenConsent/ActionChairperson
12cBoard Member Education - REVISEDOpenConsent/ActionChairperson
12dContracts Requiring Board ApprovalOpenConsent/ActionLisa Blatnick
12eCharter Approval – Subcommittee of the Investment CommitteeOpenConsent/ActionHarry Keiley, Subcommittee Chair
12fWork-Plan Approval – Subcommittee of the Investment CommitteeOpenConsent/ActionHarry Keiley, Subcommittee Chair
13Items Referred by Committee for Board DecisionOpenInformationalChairperson
14New Business / Review Information RequestsOpenInformationalChairperson
15Draft Agenda for the Next Committee MeetingOpenInformationalChairperson
15aOpportunity for Statements from the PublicOpenInformationalChairperson
16Approval of Minutes of the November 5, 2015 Regular Meeting - Closed Session (Gov. Code, sec. 11126) ClosedConsent/ActionChairperson
17Committee Reports (Gov. Code, sec. 11126) a. Appeals Committee b. Investment Committee ClosedConsent/InformationChairperson
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)) 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.

Note: At 1:00 p.m., the board will recess to conduct a PUBLIC HEARING on Penalties and Interest Regulations. Once the Hearing has concluded, the Regular Meeting of the Teachers’ Retirement Board will resume.
 
Public Hearing  -  1:00 pm
Meeting location:
Boardroom, 100 Waterfront Place, West Sacramento, CA 95605
ItemTitleSessionTypePresenter
1Public HearingOpenInformationalChairperson

NOTE:  At 1:00 p.m., the board will recess to conduct a PUBLIC HEARING on Penalties and Interest Regulations. Once the Hearing has concluded, the Regular Meeting of the Teachers’ Retirement Board will resume.
 
February 05, 2016
Appeals Committee  -  9:00 am
ItemTitleSessionTypePresenter
1Approval of Committee AgendaOpenActionChairperson
2aConsideration of Proposed Administrative Decisions: Charles Parson
OpenActionLarry Jensen
2bConsideration of Proposed Administrative Decisions: Lisa Layton
OpenActionJeff Zimmer
2cConsideration of Proposed Administrative Decisions: Patricia Bardwell
OpenActionLarry Jensen
2dConsideration of Proposed Administrative Decisions: Tyra A. Benoit
OpenActionLeitha Wilden
2eConsideration of Proposed Administrative Decisions: Carol Cenci
OpenActionJeff Zimmer
3Benefits and Services Executive Officer ReportOpenInformationalAndrew Roth
4Review of Information RequestsOpenInformationalChairperson
4aOpportunity for Statements from the PublicOpenInformationalChairperson
5Confer with Legal Counsel Regarding Pending Litigation (Govt. Code, sec 11126(e))ClosedInformationalBrian J. Bartow
6Deliberate on Proposed Administrative Decisions (Gov. Code, sec. 11126(c)(3)) ClosedActionChairperson
7Announcements of Action Taken on Proposed Administrative Decisions a. Charles Parson b. Lisa Layton c. Patricia Bardwell d. Tyra A. Benoit e. Carol Cenci 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.
 
PowerPoint Presentations  -  1:00 pm
ItemTitleSessionTypePresenter
1Audits and Risk Management Committee - Item #4 Financial Statement Audit PlanOpenInformationalLarry Jensen/Crowe Horwath LLP
4Investment Committee - Item #7 Chief Investment Officer’s Report – Open SessionOpenInformationalChristopher J. Ailman
5aInvestment Committee - Item #9 Review of Risk Mitigation Strategy Asset Class Policy – First Reading - REVISEDOpenInformationalSteven Tong
5bInvestment Committee - Item #9 Review of Risk Mitigation Strategy Asset Class Policy – First Reading - REVISEDOpenInformationalSteven Tong
6Investment Committee - Item #14 Review of Private Equity PortfolioOpenInformationalJohn Haggerty and Steven Hartt, Meketa
7Regular Meeting - Item #1 CalSTRS Budget WorkshopOpenInformationalRobin Madsen, Ed Derman, Art Martinez, Greg Reaume
8Regular Meeting - Item #3 Research Study: Are California Teachers Better Off With a Pension or a 401(k)?OpenInformationalNari Rhee and William Fornia
9Regular Meeting - Item #8 Data Stabilization - REVISEDOpenInformationalRobin Madsen and Ashish Jain
10Regular Meeting - Item #10 Project Risk Oversight Report OpenInformationalGraeme Finley, Grant Thornton LLP
11Regular Meeting - Item #9 Pension Solution Progress ReportOpenInformationalAshish Jain and Andrew Roth