ABOUT LACERA

BOARD OF RETIREMENT AGENDA 1-15-09

1. APPROVAL OF THE MINUTES OF THE REGULAR MEETING OF DECEMBER 11, 2008
2. OTHER COMMUNICATIONS
   1. For Information
      1. December 2008 All Stars
      2. Service Award
      3. Chief Executive Officer's Report (Memo dated January 7, 2009)
3. NON-CONSENT AGENDA
   1. Recommendation as submitted by Yves Chery, Chair, Operations Oversight Committee: Authorize a retiree warrant deduction for Pacific Group Agencies, Inc. (Memo dated December 18, 2008.)
   2. Recommendation as submitted by Stephen Gibbs, Claims Processing Division: 1) Determine based upon medical evaluation conducted September 2, 2008, that Vance Colvig is not incapacitated for the duties assigned to him in the position of Pilot; and 2) Grant the application of Mr. Colvig for reinstatement to active membership. (Memo dated January 8, 2009.)
   3. Recommendation as submitted by Bob Proctor, Director of Human Resources: 1) That the Board provide the LACERA Chief Executive Officer (CEO) with a 3% salary increase, effective January 1, 2009; and 2) That the Board adopt an Executive Compensation Policy and Program that establishes clear and comprehensive executive compensation guidelines that are in accordance with LACERA's mission, vision, and values. (Memo dated January 7, 2009.)
4. PUBLIC COMMENT
5. GOOD OF THE ORDER

   (For discussion purposes only.)

6. ADJOURNMENT

Listening Devices are available at days notice before the meeting date. Persons requiring an alternative format of this public notice pursuant to Section 202 of the Americans with Disabilities Act of 1990 may request one by contacting Cynthia Guider at (626) 564-6000, x3327 from 8:30 a.m. to 5:00 p.m. Monday through Friday, but no later than 48 hours prior to the time the meeting is to commence.

1/12/09