FRESNO COUNTY BOARD OF RETIREMENT



BOARD OF RETIREMENT

FRESNO COUNTY EMPLOYEES’ RETIREMENT ASSOCIATION

Wednesday, April 3, 2013 – 8:30 AM

FCERA Boardroom

1111 H Street

Fresno, CA 93721

AGENDA

1. Call to Order

2. Pledge of Allegiance

3. Public Presentations – Any member of the public may address the Retirement Board on any topic within the jurisdiction of the Retirement Board. Individual presentations shall be limited to five (5) minutes. The Retirement Board is generally legally prohibited from taking any action on presentations until a subsequent meeting.

Consent Agenda/Opportunity for Public Comment: All items listed with an asterisk (*) are considered to be routine and non-controversial by staff and will be approved by one motion if no member of the Board or public wishes to comment or ask questions. If comment or discussion is desired by anyone, the item will be removed from the consent agenda and will be considered in the listed sequence with an opportunity for any member of the public to address the Board concerning the item before action is taken. Staff recommendations are shown in caps after each item.

*4. Approve the March 20, 2013 Retirement Board Regular Meeting Minutes – RECEIVE AND FILE; APPROVE

*5. Retirements – RECEIVE AND FILE; APPROVE

|Leticia A. Allen |Fresno County Schools, Deferred |16.25 |

|Juanita A. Aranaz |Personnel Services, Deferred |18.68 |

|Walter L. Arnold, Jr. |Public Works & Planning |8.97 |

|John A. Avila |Sheriff |30.24 |

|Julie Beltran |Dept of Social Services |22.61 |

|Ernest P. Borjas |General Services |20.62 |

|Daniel E. Brehm |Public Works & Planning |24.72 |

|Sandra L. Brock |Library |11.05 |

|Janet L. Bryner-Cardoza |Community Health |13.02 |

|Katherine J. Buckovetz |Dept of Social Services, Deferred |4.46 |

|Albert Canizalez |Dept of Social Services |35.42 |

|Monica C. Chhay |Dept of Social Services |25.44 |

|Kathlene K. Cone |Dept of Social Services |23.38 |

|Samuel G. Cortez |Public Works & Planning |10.93 |

|Franz A. Criego |Public Defender |23.23 |

|Janis Cullins |Dept of Social Services |11.88 |

|Lawrence A. Daluz |Sheriff |22.04 |

|Milagros D. Dasalla |Community Health |12.91 |

|Juan C. Diaz |Public Work & Planning |25.56 |

| | | |

|Susan Dickson |Community Health |17.43 |

|Jeannette M. Di Gesu |Behavioral Health |24.34 |

|John J. Ernst |ITSD |21.10 |

|Alicia D. Excinia |Probation |32.24 |

|Glenn Falls |Sheriff |34.20 |

|Helene C. Fisek |County Counsel, Deferred |7.28 |

|Patricia J. Flaherty |General Services |37.44 |

|Mike C. Flores |Sheriff |30.67 |

|Jackie L. Fox |Sheriff |33.62 |

|Mary K. Gahagan |Assessor-Recorder |10.12 |

|Susan Galindo |Probation |33.10 |

|Delphina Garcia |Dept of Social Services |32.97 |

|Stella Gonzalez |Dept of Social Services |31.69 |

|Henry Guerra |Assessor-Recorder |18.62 |

|Gerald R. Hernandez |Public Works & Planning |24.37 |

|Roxana Killian |VMC, Deferred |0.99 |

|Donna Langa |Child Support Services |23.45 |

|Aurelia Maria Langford |Dept of Social Services |32.42 |

|Mary R. Mata |Dept of Social Services |17.59 |

|Stephen W. Mathias |Sheriff |30.16 |

|Kathryn J. May |Dept of Social Services |11.58 |

|Michael J. McKay |ITSD |38.42 |

|Michael V. Mendoza |Sheriff |32.69 |

|Ralph W. Mendoza |Probation |30.36 |

|Pricilla Miller |Community Health |12.68 |

|Robert G. Miller |Sheriff |22.80 |

|Karen Nephew |Cooperative Extension |37.28 |

|Tony Nicolas |General Services |28.44 |

|Lovern Parks |Dept of Social Services |26.06 |

|Irene V. Peeler |Public Health |33.13 |

|Lynne M. Purkey |Behavioral Health, Deferred |10.66 |

|Marta C. Rodriquez |Dept of Social Services |33.31 |

|Barbara F. Ruiz |Community Health |14.26 |

|Patricia J. Schalk |Community Health |26.02 |

|Martha Sears |Behavioral Health |13.85 |

|Barbara L. Shubin |Assessor-Recorder |24.41 |

|Jennifer L. Simmons |California Superior Court |26.63 |

|Rick L. Skipper |Public Works & Planning |31.48 |

|Deborah A. Souza |Community Health |24.99 |

|Jeanne H. Starks |Probation |35.13 |

|Mark W. Stith |Sheriff |18.59 |

|Vicki Wajdak |County Administrative Office |29.38 |

|Sandra Whitney |Sheriff |19.28 |

|Jacob C. Williams |Child Support Services, Deferred |8.30 |

|Timothy L. Woody |Agriculture |32.24 |

|Baron Zerahian |Public Works & Planning |19.61 |

| | | |

*6. Public Records Requests and/or Retirement Related Correspondence from Kevin Smith, SEIU 521 – RECEIVE AND FILE

*7. Educational Reading Materials – RECEIVE AND FILE

• March 26, 2013 Bloomberg article – Saving Cyprus Means Nobody Safe as Europe Breaks Taboo

*8. Report from Trustee Jolly on the 18th Annual Public Funds Summit – RECEIVE AND FILE

*9. February 2013 Debit Card Account Statements – RECEIVE AND FILE

*10. Most recent investment returns, performance summaries and general investment information from investment managers – RECEIVE AND FILE

*11. FCERA Cash Flow position as of February 2013 – RECEIVE AND FILE

*12. Update on Northern Trust Custody and Securities Lending transition – RECEIVE AND FILE

• Northern Trust Presentation

*13. Review of Artisan Transition & Funding – RECEIVE AND FILE

*14. Updates on Research Affiliates Process – RECEIVE AND FILE

*15. Update on Western Asset Management Company (WAMCO) Personnel Changes – RECEIVE AND FILE

*16. Travel Request from Trustees Basua and Jolly to attend the Pension Bridge Annual on April 16-17, 2013 in San Francisco, CA – RECEIVE AND FILE; APPROVE

17. Discussion and appropriate action on Asset Liability Study – RECEIVE AND FILE; APPROPRIATE ACTION

18. Discussion and appropriate action on selection of Emerging Markets Debt manager – RECEIVE AND FILE; APPROPRIATE ACTION

• Pacific Investment Management Company (PIMCO) presented by:

Mark Romano, CFA. EVP and Account Manager, and Michael Gomez, Managing Director and Portfolio Manager

• Ashmore Investment Management Limited presented by:

Mark Weiller, Global Head of Consultant Relations & Corporate Treasury Solutions, and Alexis de Mones, Portfolio Manager

19. Discussion and appropriate action on Winslow Capital Management “Watch” recommendation – RECEIVE AND FILE; APPROPRIATE ACTION

20. Discussion and appropriate action on status of implementation of the Pension Administration System (PAS) – RECEIVE AND FILE; APPROPRIATE ACTION

21. Discussion and appropriate action on request for Optional Settlement 4 Calculation, Mark Stith – RECEIVE AND FILE; APPROPRIATE ACTION

22. Discussion and appropriate action on potential exclusion of Court Transcription fees from “compensation earnable” based on the recent amendments to Government Code section 31461 – RECEIVE AND FILE; APPROPRIATE ACTION

23. Discussion and appropriate action on FCERA Earn Code Resolutions – RECEIVE AND FILE; APPROPRIATE ACTION

• Earn Codes Resolution Current Members

• Earn Codes Resolution New Members

24. Closed Session:

A. Disability Retirement Applications – Personnel Exception (G.C. §54957):

1. Susan Yepiz

25. Report from Closed Session

26. Report from FCERA Administration

27. Report from County Counsel

28. Board/Committee Member Announcements and Reports

NEXT MEETING:

April 17, 2013 – 8:30 AM (Wednesday)

Regular Meeting

FCERA Boardroom

1111 H Street, Fresno, CA 93721

May 1, 2013 – 8:30 AM (Wednesday)

Regular Meeting

FCERA Boardroom

1111 H Street, Fresno, CA 93721

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