ABOUT LACERA

BOARD OF RETIREMENT AGENDA 10-15-09

LACERA

300 N. Lake Ave., Suite 810
Pasadena, CA 91101

9:00 AM

1. CALL TO ORDER
2. PLEDGE OF ALLEGIANCE
3. BOARD MEMBER ANNOUNCEMENTS (For Information Only)
4. APPROVAL OF THE MINUTES OF THE REGULAR MEETING OF SEPTEMBER 10, 2009
5. OTHER COMMUNICATIONS
   1. For Information
      1. September 2009 All Stars
      2. Chief Executive Officer’s Report (Memo dated October 7, 2009
6. NON-CONSENT AGENDA
   1. Recommendation as submitted by Simon S. Russin, Chair, Audit Committee:
      1. Review the presented results of the Request for Proposal (RFP) to perform annual attest audits of LACERA’s financial statements, issued May 20, 2009;
      2. Interview the three top candidate firms:
         -Brown Armstrong
         -Peterson Sullivan LLP
         -Clifton Gunderson LLP
      3. Award one of the top three candidate firms with a five (5) year agreement to provide annual attest audits beginning January 1, 2010, with a two (2) year extension at LACERA’s option; and
      4. Authorize LACERA’s Chief Executive Officer to sign all necessary legal documents to execute the contract, subject to review and approval by LACERA’s Legal Office. (Memo dated September 9, 2009.)
   2. Recommendation as submitted by Gregg Rademacher, Chief Executive Officer: That the Board provide the SACRS voting delegate direction on voting for the SACRS Election Procedures. (Memo dated September 30, 2009.)
   3. Recommendation as submitted by Gregg Rademacher, Chief Executive Officer: That the Board direct management to join the represented employees in signing the Memorandums of Understanding incorporating the Tentative Agreements. The Memorandums of Understanding will be effective January 1, 2009 to September 30, 2011. (Memo dated October 7, 2009.)
   4. Information only as submitted by Nai-len Ishikawa, Acting Manager, Financial & Accounting Services regarding: 2010 STAR COLA PROGRAM. (Memo dated September 30, 2009.)
7. PUBLIC COMMENT
8. GOOD OF THE ORDER (For discussion purposes only.)
9. CONFERENCE WITH LEGAL COUNSEL - EXISTING LITIGATION ( Subdivision (a) of Section 54956.9 of the California Government Code)
   1. Ronald M. Daniels v. Board of Retirement Los Angeles County Superior Court Case No. BC382538
   2. David Rowe v. Southern California Regional Rail Authority Los Angeles County Superior Court Case No. BC342118
10. ADJOURNMENT

Documents subject to public disclosure that relate to an agenda item for an open session of the Board of Retirement that are distributed to members of the Board of Retirement less than 72 hours prior to the meeting will be available for public inspection at the time they are distributed to a majority of the Board of Retirement Members at LACERA’s offices at 300 N. Lake Avenue, Suite 820, Pasadena, CA 91101, during normal business hours of 9:00 a.m. to 5:00 p.m. Monday through Friday.

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.

10/13/09