ABOUT LACERA

BOARD OF RETIREMENT AGENDA 5-7-09

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 APRIL 9, 2009
5. OTHER COMMUNICATIONS
   1. For Information
      1. April 2009 All Stars
      2. Chief Executive Officer’s Report (Memo dated May 1, 2009)
6. CONSENT AGENDA
   1. Recommendation as submitted by Gregg Rademacher, Chief Executive Officer: Approve attendance of Board Members, and staff, as designated by the Chief Executive Officer, at the National Association of Securities Professionals (NASP) 20th Annual Pension Conference; and approve reimbursement of all travel costs incurred in accordance with LACERA’s Education and Travel Policy. (Memo dated April 30, 2009.) (Placed on the agenda at the request of Mr. Chery.)
7. NON-CONSENT AGENDA
   1. Recommendation as submitted by William de la Garza, Chair, Insurance, Benefits and Legislative Committee: That the Board select Mercer to perform a pharmacy benefit manager (PBM) audit of CVS Caremark for the 2008-09 plan year. (Memo dated April 29, 2009.)
   2. Recommendation as submitted by Simon S. Russin, Chair, Travel Policy Committee: That the Board adopt the proposed revisions to the Education and Travel Policy, as reflected in the blacklined version. (Memo dated April 24, 2009.)
   3. Recommendation as submitted by Cynthia Lau, Legislative Affairs Officer: That the Board adopt a position on AB 609 relating to disability retirements in Tulare County. (Memo dated April 16, 2009.)
   4. Recommendation as submitted by Cynthia Lau, Legislative Affairs Officer: That the Board adopt a position on AB 664 as it relates to workers’ compensation and the creation of a rebuttable presumption for hospital employees. (Memo dated April 22, 2009.)
   5. Recommendation as submitted by William de la Garza, Chair, Insurance, Benefits and Legislative Committee: That the Board adopt a “watch” position on AB 1034 authorizing special district status for Marin CERA. (Memo dated April 15, 2009.)
   6. Recommendation as submitted by William de la Garza, Chair, Insurance, Benefits and Legislative Committee: That the Board adopt a “watch” position on AB 1136 which would permit specified retired members the ability to revoke certain optional settlements. (Memo dated April 15, 2009.)
   7. Recommendation as submitted by William de la Garza, Chair, Insurance, Benefits and Legislative Committee: That the Board adopt a “watch” position on AB 1227 relating to workers’ compensation benefits payable under Labor Code Section 4850. (Memo dated April 15, 2009.)
   8. Recommendation as submitted by William de la Garza, Chair, Insurance, Benefits and Legislative Committee: That the Board adopt a “watch” position on SB 345 relating to increased survivor benefits for San Bernardino County’s safety members killed in the line of duty. (Memo dated April 15, 2009.)
   9. Recommendation as submitted by William de la Garza, Chair, Insurance, Benefits and Legislative Committee: That the Board adopt a “watch” position on SB 538 relating to disability leaves and mandatory retirement for Safety members. (Memo dated April 15, 2009.)
   10. Recommendation as submitted by William de la Garza, Chair, Insurance, Benefits and Legislative Committee: That the Board adopt a “support” position on AJR 10 which would request the President and the Congress of the United States to enact the “Social Security Fairness Act of 2009”. (Memo dated April 15, 2009.)
   11. Recommendation as submitted by William de la Garza, Chair, Insurance, Benefits and Legislative Committee: That the Board adopt a “support” position on S 484 which would enact the “Social Security Fairness Act of 2009”. (Memo dated April 15, 2009.)
   12. Recommendation as submitted by William de la Garza, Chair, Insurance, Benefits and Legislative Committee: That the Board adopt a “support” position on HR 1413 (HELPS II) which would extend eligibility for tax-free distributions for health and long-term care premiums for all eligible public retirees. (Memo dated April 15, 2009.)
8. PUBLIC COMMENT
9. GOOD OF THE ORDER

   (For discussion purposes only.)

10. ADJOURNMENT

Documents subject to public disclosure that relate to an agenda item for an open session of the Board of Investments that are distributed to members of the Board of Investments 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 Investments 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.

5/1/09