Download All Items
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.
July 10, 2019
Appeals Committee  -  2:30 pmDownload Meeting Items
ItemTitleSessionTypePresenter
0There will be a public comment period at the end of each agenda item. The time allotment and other terms are subject to change and are at the discretion of the Committee Chair.OpenInformationalChairperson
1Approval of Committee AgendaOpenActionChairperson
2Approval of Minutes for the May 17, 2019, Appeals Committee Meeting – Open SessionOpenConsent/ActionChairperson
3aConsideration of Proposed Administrative Decisions: Marina TorresOpenActionJames Lindsay
3bConsideration of Proposed Administrative Decisions: Michael McGovernOpenActionJames Lindsay
3cConsideration of Proposed Administrative Decisions: James KeenanOpenActionJames Lindsay
4Staff ReportOpenInformationalReina G. Minoya
5Review of Information RequestsOpenInformationalChairperson
6Opportunity for Statements from the PublicOpenInformationalChairperson
7Approval of Minutes for the May 17, 2019, Appeals Committee Meeting – Closed Session (Gov. Code, sec. 11126) ClosedConsent/ActionChairperson
8Confer with Legal Counsel Regarding Pending Litigation (Gov. Code, sec. 11126(e))ClosedInformationalReina G. Minoya
9Deliberate on Proposed Administrative Decisions a. Marina Torres b. Michael McGovern c. James Keenan (Gov. Code, sec. 11126(c)(3)) ClosedActionChairperson
10Deliberate on Monterey Peninsula Community College District – Deborah Ruiz (Gov. Code Sec. 11126(c)(3))ClosedActionChairperson
11Announcement of Action Taken on Proposed Administrative Decisions a. Marina Torres b. Michael McGovern c. James Keenan 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.
 
July 11, 2019
Audits and Risk Management Committee  -  8:15 amDownload Meeting Items
ItemTitleSessionTypePresenter
0There will be a public comment period at the end of each agenda item. The time allotment and other terms are subject to change and are at the discretion of the Committee Chair.OpenInformationalChairperson
1Approval of Committee Agenda OpenActionChairperson
2Approval of Minutes of the May 9, 2019, Audit and Risk Management Committee – Open SessionOpenConsent/ActionChairperson
3Progress Report on Independent Financial Statement Auditor’s Management LetterOpenConsent/InformationChairperson
4Committee Education: Board Oversight of Risk and Independent Reassurance OpenInformationalRick Funston, CEO Funston Advisory Services, LLC
52019 Internal Audit Plan Progress ReportOpenInformationalCheryl Dietz/Mike Dutil
62019 Compliance Plan Progress Report and Compliance Director UpdateOpenInformationalDeena Mount
7Chief Auditor UpdateOpenInformationalLarry Jensen
8Review of Information RequestsOpenInformationalChairperson
9Draft Agenda for Next Committee MeetingOpenInformationalChairperson
10Opportunity 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.
 
Client Advisory Committee  -  10:00 am (estimate)
Meeting location:
CalSTRS - American River Room
Download Meeting Items
ItemTitleSessionTypePresenter
1Client Advisory Committee AgendaOpenInformationalGrant Boyken
 
Regular Meeting  -  10:00 am (estimate)
Meeting location:
July 11, 2019 – 10:00 a.m., or Upon Adjournment of the Audits and Risk Committee
Download Meeting Items
ItemTitleSessionTypePresenter
0There will be a public comment period at the end of each agenda item. The time allotment and other terms are subject to change and are at the discretion of the Board Chair.OpenInformationalChairperson
1Approval of Board Agenda OpenActionChairperson
2Chief 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.
 
Investment Committee  -  11:45 am (estimate)Download Meeting Items
ItemTitleSessionTypePresenter
0There will be a public comment period at the end of each agenda item. The time allotment and other terms are subject to change and are at the discretion of the Committee Chair.OpenInformationalChairperson
1Approval of Committee AgendaOpenActionChairperson
2Confer with and Receive Advice from Legal Counsel Regarding Pending Litigation (Gov. Code, sec. 11126(e)) ClosedActionBrian J. Bartow
3Approval of Minutes of the May 8, 2019, Investment Committee Meeting – Open SessionOpenConsent/ActionChairperson
4Annual Review of Delegation to StaffOpenConsent/InformationChairperson
5Fiscal Year 2019-20 Investment Business Plans
a. 10-Year Financial Plan
b. Global Equity
c. Fixed Income
d. Real Estate
e. Private Equity
f. Sustainable Investment & Stewardship Strategies
g. Inflation Sensitive
h. Investment Strategies & Risk
i. Risk Mitigation Strategies
j. Operations
k. Investment Performance & Compliance
OpenActionChairperson
6Investment Policy & Management Plan – RevisionOpenActionChristopher Ailman
7California Investment Policy – RevisionOpenActionChristopher Ailman
8Private Equity Policy Revision – Long-Term BenchmarkOpenActionMargot Wirth and Geraldine Jimenez
9Chief Investment Officer’s Report – Open SessionOpenInformationalChristopher Ailman
10Model Risk Budget Work PlanOpenInformationalScott Chan
112019 Asset Liability Study – Asset Allocation Step FourOpenInformationalALM Team
12Review of Information RequestsOpenInformationalChairperson
13Draft Agenda for the Next Committee MeetingOpenInformationalChairperson
14Opportunity for Statements from the PublicOpenInformationalChairperson
15Confer with and Receive Advice from Fiduciary Counsel and Investment Consultants (Gov. Code, sec. 11126(c)(16)) ClosedInformationalReed Smith, PCA, and Meketa
16Approval of Minutes of the May 8, 2019, Investment Committee Meeting – Closed Session (Gov. Code, sec. 11126) ClosedConsent/ActionChairperson
17Chief Investment Officer’s Report – Closed Session (Gov. Code, sec. 11126)ClosedInformationalChristopher Ailman
18Tactical Investment Strategy Discussion (Gov. Code, sec. 11126(c)(16)) ClosedInformationalInvestment Staff and Consultants
19RMS Asset Class Implementation Update (Gov. Code, sec. 11126(c)(16)) ClosedInformationalSteven Tong

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.
 
July 12, 2019
Compensation Committee  -  8:15 amDownload Meeting Items
ItemTitleSessionTypePresenter
0There will be a public comment period at the end of each agenda item. The time allotment and other terms are subject to change and are at the discretion of the Committee Chair.OpenInformationalChaiperson
1Approval of Committee Agenda OpenActionChairperson
2Approval of Minutes of the May 9, 2019, Compensation Committee Meeting – Open Session OpenConsent/ActionChairperson
3Review of CEO/CIO Personal Performance Targets CriteriaOpenConsent/ActionChairperson
4Administrative Procedures Changes Pursuant to CEO DelegationOpenConsent/InformationChairperson
5Assessment of Compensation Program in Alignment with the Collaborative ModelOpenInformationalMelissa Norcia/ Luis Navas, GGA
6Review Information RequestsOpenInformationalChairperson
7Draft Agenda for the Next Committee MeetingOpenInformationalChairperson
8Opportunity 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 (Continued)  -  9:30 am (estimate)
Meeting location:
July 12, 2019 – 9:30 a.m., or Upon Adjournment of the Compensation Committee
Download Meeting Items
ItemTitleSessionTypePresenter
3Board/Committee Work Plans for Fiscal Year 2019-20OpenActionChairperson
4Amendments to Format for Monthly Reports (Pension Solution) OpenActionGrant Boyken/ Joycelyn Martinez-Wade
5Pension Solution Budget and UpdateOpenActionAshish Jain/ Melyssa Adams/ Prashant Mittal/ Graeme Finley, Grant Thornton LLP
6ePayment Implementation (AB 2052)OpenActionDavid Munoz
7State and Federal LegislationOpenInformationalGrant Boyken/ Joycelyn Martinez-Wade
8CalSTRS Annual Business Plan for 2019-20OpenInformationalCassandra Lichnock
9Chief Executive Officer Report OpenInformationalJack Ehnes
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 May 8-10, 2019, Regular Meeting – Open SessionOpenConsent/ActionChairperson
10cBoard Member EducationOpenConsent/ActionChairperson
10dContracts Requiring Board ApprovalOpenConsent/ActionChairperson
10eReview of the CEO DelegationOpenConsent/ActionChairperson
10fReview of Board Officer and Committee DelegationOpenConsent/ActionChairperson
11Items Referred by Committee for Board DecisionOpenInformationalChairperson
12New Business / Review Information RequestsOpenInformationalChairperson
13Draft Agenda for the Next Board MeetingOpenInformationalChairperson
14Opportunity for Statements from the PublicOpenInformationalChairperson
15Approval of Minutes of the May 8-10, 2019, Regular Meeting - Closed Session (Gov. Code, sec. 11126) ClosedConsent/ActionChairperson
16Committee Reports (Gov. Code, sec. 11126) a. Investment Committee b. Appeals Committee ClosedConsent/InformationChairperson
17SEC Required Disclosure (Gov. Code, sec. 11126(e))ClosedInformationalBrian J. Bartow/ Julie Underwood
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
20Evaluation of CEO/CIO Base Salary Adjustments (Gov. Code, sec. 11126(a), (b), (g)(1)) ClosedActionChairperson
21Private Equity Benchmark Restatement and Impact on FY 2017/18 Incentives (Gov. Code, sec. 11126(a), (b), (g)(1))ClosedActionChairperson

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.
 
PowerPoint Presentations  Download Meeting Items
ItemTitleSessionTypePresenter
1Audits and Risk Management Committee Item #4 - Committee Education: Board Oversight of Risk and Independent Reassurance OpenInformationalRick Funston, CEO Funston Advisory Services, LLC
2Audits and Risk Management Committee Item #6 - 2019 Compliance Plan Progress Report and Compliance Director UpdateOpenInformationalDeena Mount
3Investment Committee Item #5 - Fiscal Year 2019-20 Investment Business Plans
a. 10-Year Financial Plan
b. Global Equity
c. Fixed Income
d. Real Estate
e. Private Equity
f. Sustainable Investment & Stewardship Strategies
g. Inflation Sensitive
h. Investment Strategies & Risk
i. Risk Mitigation Strategies
j. Operations
k. Investment Performance & Compliance
OpenActionChairperson
4Investment Committee Item #9 - Chief Investment Officer’s Report – Open SessionOpenInformationalChristopher Ailman
5Investment Committee Item #10 - Model Risk Budget Work PlanOpenInformationalScott Chan
6Investment Committee Item #11 - 2019 Asset Liability Study – Asset Allocation Step FourOpenInformationalALM Team
10Regular Meeting Item #5 - Pension Solution Budget and UpdateOpenActionAshish Jain/ Melyssa Adams/ Prashant Mittal/ Graeme Finley, Grant Thornton LLP
11Regular Meeting Item #5 - Pension Solution Budget and UpdateOpenActionAshish Jain/ Melyssa Adams/ Prashant Mittal/ Graeme Finley, Grant Thornton LLP
12Regular Meeting Item #8 - CalSTRS Annual Business Plan for 2019-20OpenInformationalCassandra Lichnock
13Regular Meeting Item #9 - Chief Executive Officer Report OpenInformationalJack Ehnes
14Compensation Committee Item #5 - Assessment of Compensation Program in Alignment with the Collaborative ModelOpenInformationalMelissa Norcia/ Luis Navas, GGA

NOTE: