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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.
March 04, 2020
Investment Committee  -  8:30 amDownload Meeting Items
ItemTitleSessionTypePresenter
1Approval of Committee AgendaOpenActionChairperson
2Opportunities for Statements from the PublicOpenInformationalChairperson
3Investment Insight SpeakerOpenInformationalBrian Deese, Blackrock
4Approval of Minutes of the January 30, 2020 Investment Committee Meeting – Open SessionOpenConsent/ActionChairperson
5aInvestments Policy Revisions -- Inflation Sensitive PolicyOpenActionPaul Shantic
5bInvestments Policy Revisions -- Infrastructure PolicyOpenActionPaul Shantic
5cInvestment Policy Revisions -- Innovation PolicyOpenActionGeraldine Jimenez
6aGlobal Equity Active Risk Budget -- Global Equity Policy Revision – First ReadingOpenInformationalJune Kim and Geraldine Jimenez
6bGlobal Equity Active Risk Budget -- Reporting and MonitoringOpenInformationalJune Kim and Geraldine Jimenez
7aOpen Session Semi Annual Performance Reports -- Receive General Consultant – Semi-Annual Performance Report, Period Ending December 31, 2019OpenInformationalStephen McCourt and Mika Malone, Meketa Investment Group
7bOpen Session Semi Annual Performance Reports -- Received Real Estate – Semi-Annual Performance Report, Period Ending September 30, 2019OpenInformationalTaylor Mammen and Ben Maslan, Robert Charles Lesser & Co.
7cOpen Session Semi Annual Performance Reports -- Received Private Equity – Semi-Annual Performance Report, Period Ending September 30, 2019OpenInformationalJohn Haggerty and Steve Hartt, Meketa Investment Group
8Chief Investment Officer’s Report – Open SessionOpenInformationalChristopher Ailman
9Review of Information RequestsOpenInformationalChairperson
10Draft Agenda for the Next Committee MeetingOpenInformationalChairperson
11Approval of Minutes of the January 30, 2020, Investment Committee Meeting – Closed Session (Gov. Code, sec 11126)ClosedConsent/ActionChairperson
12Confer with and Receive Advice from Fiduciary Counsel and Investment Consultants (Gov. Code, sec 11126(c)(16))ClosedInformationalCounsel and Meketa Investment Group
13Sustainable Investment and Stewardship Strategies – Investment Strategy (Gov. Code, sec. 11126)ClosedInformationalKirsty Jenkinson
14Collaborative Model Strategy Update (Gov. Code, sec. 11126(c)(16))ClosedInformationalScott Chan
15Tactical Investment Strategy Discussion (Gov. Code, sec. 11126(c)(16))ClosedInformationalInvestment Staff and Consultants
16Risk Mitigating Strategies Implementation Update (Gov. Code, sec. 11126(c)(16))ClosedInformationalSteven Tong and Jeffrey Jaro
17aClosed Session Semi-Annual Performance Reports -- Received General Consultant – Semi-Annual Performance Report, Period Ending December 31, 2019 (Gov. Code, sec. 11126(c)(16))ClosedInformationalStephen McCourt and Mika Malone, Meketa Investment Group
17bClosed Session Semi-Annual Performance Reports -- Receive Real Estate – Semi-Annual Performance Report, Period Ending September 30, 2019 (Gov. Code, sec. 11126(c)(16))ClosedInformationalTaylor Mammen and Ben Maslan, Robert Charles Lesser & Co.
17cReceive Private Equity – Semi-Annual Performance Report, Period Ending September 30, 2019 (Gov. Code, sec. 11126(c)(16))ClosedInformationalJohn Haggerty and Steve Hartt, Meketa Investment Group
17dSemi-Annual Report on Investment Manager Ratings (Gov. Code, sec. 11126(e))ClosedInformationalInvestment Staff
18Confer with and Receive Advice from Legal Counsel Regarding Pending Litigation (Gov. Code, sec. 11126(e))ClosedInformationalBrian J. Bartow
19Consideration of Investment Decisions (Gov. Code, sec. 11126(c)(16))ClosedInformationalChairperson

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 observe, but may not participate in the discussion of agenda items.
 
Client Advisory Committee  -  2:00 pm
Meeting location:
American River Room
Download Meeting Items
ItemTitleSessionTypePresenter
1Client Advisory Committee AgendaOpenInformationalGrant Boyken
 
Audits and Risk Management Committee  -  3:30 pm (estimate)Download Meeting Items
ItemTitleSessionTypePresenter
1Approval of Committee AgendaOpenActionChairperson
2Approval of Minutes of the November 7, 2019 Audit and Risk Management Committee – Open SessionOpenConsent/ActionChairperson
3Progress Report on the 2019 Independent Financial Statement Auditor’s Management LetterOpenConsent/InformationLarry Jensen
4Internal Audit Charter ReviewOpenActionLarry Jensen
5Financial Statement Audit Plan FY 2019-20OpenInformationalCrowe LLP
62019 Internal Audit Plan Final Progress ReportOpenInformationalCheryl Dietz / Mike Dutil
72019 Enterprise Compliance Services Plan Final Progress Report and Compliance Director UpdateOpenInformationalCheryl Dietz / Larry Jensen
8FY 2020-21 Proposed Meeting Work PlanOpenInformationalLarry Jensen / Julie Underwood
9Review of Information RequestsOpenInformationalChairperson
10Draft Agenda for the Next Committee Meeting OpenInformationalChairperson
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 observe, but may not participate in the discussion of agenda items.
 
March 05, 2020
Regular Meeting  -  9:00 amDownload Meeting Items
ItemTitleSessionTypePresenter
1Approval of Committee Agenda OpenActionChairperson
2Chief Executive Officer Briefing on Performance and Personnel Issues (Gov. Code, sec. 11126(a), (b), (g))ClosedInformationalJack Ehnes
3Committee Reports (Gov. Code, sec. 11126) a. Investment Committee b. Appeals CommitteeClosedInformationalChairperson
4Report on CybersecurityClosedInformationalScott Tirapelle
5Confer with and Receive Advice from Legal Counsel Regarding Pending Litigation (Gov. Code, sec. 11126(e))ClosedInformationalBrian J. Bartow
6Approval of Minutes of the January 31, 2020, Regular Meeting – Closed Session (Gov. Code, sec. 11126)ClosedInformationalChairperson
7Regulatory Proposal – Administrative Remedy Process for Employer AuditsOpenInformationalGrant Boyken / Joycelyn Martinez-Wade / Reina Minoya
8Chief Executive Officer ReportOpenInformationalJack Ehnes
9Pension Solution Project UpdateOpenConsent/InformationChairperson
10State and Federal LegislationOpenConsent/InformationChairperson
11aCommittee Reports: 1) Investment Committee; 2) Appeals Committee; 3) Audits and Risk Management Committee; 4) Benefits and Services Committee; 5) Board Governance Committee; 6) Compensation CommitteeOpenConsent/ActionChairperson
11bApproval of Minutes of the January 31, 2020, Regular Meeting – Open SessionOpenConsent/ActionChairperson
11cBoard Member EducationOpenConsent/ActionChairperson
11dContracts Requiring Board ApprovalOpenConsent/ActionChairperson
12Items Referred by Committee for Board DecisionOpenInformationalChairperson
13New Business / Review of Information RequestsOpenInformationalChairperson
14Draft Agenda for Next MeetingOpenInformationalChairperson
15Opportunity 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.
 
Compensation Committee  -  11:15 am (estimate)Download Meeting Items
ItemTitleSessionTypePresenter
1Approval of Committee Agenda OpenActionChairperson
2Approval of Minutes of the July 12, 2019, Compensation Committee Meeting – Open SessionOpenConsent/ActionChairperson
3Report and Recommendations on Compensation StrategyOpenInformationalMelissa Norcia / Luis Navas, Global Governance Advisors
4Education Session on Civil ServiceOpenInformationalMelissa Norcia / Kristel Turko
5Review Information RequestsOpenInformationalChairperson
6Draft Agenda for the Next Committee MeetingOpenInformationalChairperson
7Opportunity 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.
 
Appeals Committee  -  2:00 pm (estimate)Download Meeting Items
ItemTitleSessionTypePresenter
1Approval of Committee AgendaOpenActionChairperson
2Approval of Minutes for the January 31, 2020, Appeals Committee Meeting – Open Session OpenConsent/ActionChairperson
3aConsideration of Proposed Administrative Decisions -- In the Matter of the Statement of Issues Against: Victoria Richart-PovallOpenActionJames Lindsay
3bConsideration of Proposed Administrative Decisions -- In the Matter of the Retirement Benefits of: Bruce RitcheyOpenActionJames Lindsay
4Review and Adoption of Committee Work Plan for Fiscal Year 2020-21OpenActionReina G. Minoya
5Review of Committee CharterOpenActionReina G. Minoya
6Annual Summary of Appeal Activity for Fiscal Year 2019-20OpenInformationalRyan Dunlevy
7Annual Summary of Designation of Precedential Decisions for Fiscal Year 2019-20OpenInformationalRyan Dunlevy
8Staff ReportOpenInformationalReina G. Minoya
9Review of Information RequestsOpenInformationalChairperson
10Opportunity for Statements from the PublicOpenInformationalChairperson
11Approval of Minutes for the January 31, 2020, Appeals Committee Meeting – Closed Session (Gov. Code, sec. 11126)ClosedConsent/ActionChairperson
12Confer with Legal Counsel Regarding Pending Litigation (Gov. Code, Sec. 11126(e))ClosedInformationalReina G. Minoya
13aConsideration of Proposed Administrative Decisions -- In the Matter of the Statement of Issues Against: Victoria Richart-Povall (Gov. Code, sec. 11126(c)(3))ClosedActionChairperson
13bConsideration of Proposed Administrative Decisions -- In the Matter of the Retirement Benefits of: Bruce Ritchey (Gov. Code, sec. 11126(c)(3))ClosedActionChairperson
14Further Deliberation on In the Matter of the Audit Finding Re: Santa Clara COE and Joyce Farnam (Gov. Code, sec. 11126(c)(3))ClosedInformationalChairperson
15aAnnouncement of Actions Taken on Proposed Administrative Decisions -- In the Matter of the Statement of Issues Against: Victoria Richart-PovallOpenActionChairperson
15bAnnouncement of Actions Taken on Proposed Administrative Decisions -- In the Matter of the Retirement Benefits of: Bruce RitcheyOpenActionChairperson

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 observe, but may not participate in the discussion of agenda items.
 
PowerPoint Presentations  Download Meeting Items
ItemTitleSessionTypePresenter
1Investment Committee - Item #3 Investment Insight SpeakerOpenInformationalBrian Deese, Blackrock
2Investment Committee - Item #7b Receive Real Estate – Semi-Annual Performance Report, Period Ending September 30, 2019OpenInformationalTaylor Mammen and Ben Maslan, RCLCO
3Investment Committee - Item #7c Receive Private Equity – Semi-Annual Performance Report, Period Ending September 30, 2019OpenInformationalJohn Haggerty and Steve Hartt, Meketa Investment Group
4Investment Committee - Item #8 Chief Investment Officer’s Report – Open SessionOpenInformationalChristopher Ailman
11Audits and Risk Management Committee - Item #5 Financial Statement Audit Plan FY 2019-20OpenInformationalCrowe LLP
12Audits and Risk Management Committee - Item #7 2019 Enterprise Compliance Services Plan Final Progress Report and Compliance Director UpdateOpenInformationalCheryl Dietz and Larry Jensen
14Compensation Committee - Item #3 Report and Recommendations on Compensation StrategyOpenInformationalMelissa Norcia/ Luis Navas, Global Governance Advisors
15Compensation Committee - Item #4 Education Session on Civil ServiceOpenInformationalMelissa Norcia and Kristel Turko

NOTE: