ABOUT LACERA

BOARD OF RETIREMENT AGENDA 6-11-09

LACERA

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

9:00 A.M.

1. CALL TO ORDER
2. PLEDGE OF ALLEGIANCE
3. BOARD MEMBER ANNOUNCEMENTS (For Information Only)
4. APPROVAL OF THE MINUTES OF THE SPECIAL MEETING OF MAY 7, 2009
5. OTHER COMMUNICATIONS
   1. For Information
      1. May 2009 All Stars
      2. Service Award
      3. Chief Executive Officer’s Report (Memo dated June 3, 2009)
6. NON-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 19th Annual Public Retirement Northern California Seminar; and approve reimbursement of all travel costs incurred in accordance with LACERA’s Education and Travel Policy. (Memo dated June 4, 2009.)

   2. Recommendation as submitted by Gregg Rademacher, Chief Executive Officer:

      Approve attendance of Board Members, and staff as designated by the Chief Executive Officer, at IFEBP’s Trustees and Administrators Institutes Conference; and approve reimbursement of all travel costs incurred in accordance with LACERA’s Education and Travel Policy. Placed on the agenda at the request of Mr. Chery. (Memo dated June 4, 2009.)

   3. Adoption of the LACERA Fiscal Year 2009-2010 Administrative and Retiree Health Care Benefits Budgets. (Memo dated May 26, 2009)
   4. Recommendation as submitted by Christine Roseland, Staff Counsel regarding:

      Amendment to Bylaws, Attendance at Committee Meetings by Non-Committee Members. (Memo dated June 2, 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 1355, which would cross-reference an alternative method of calculating survivor’s allowances. (Memo dated May 21, 2009.)

   6. Recommendation as submitted by William de la Garza, Chair, Insurance, Benefits and Legislative Committee:

      That the Board adopt a “watch” position on SB 711, regarding labor negotiations and the Brown Act. (Memo dated May 21, 2009.)

   7. Recommendation as submitted by William de la Garza, Chair, Insurance, Benefits and Legislative Committee:

      That the Board adopt a “watch” position on SB 414, relating to the process of filling of vacancies on boards. (Memo dated May 21, 2009.)

   8. Recommendation as submitted by William de la Garza, Chair, Insurance, Benefits and Legislative Committee:

      That the Board adopt a “watch” position on AB 850, regarding prosecution for conspiracy in use of public funds. (Memo dated May 21, 2009.)

   9. Recommendation as submitted by Cynthia Lau, Legislative Affairs Officer:

      That the Board adopt a “watch” position on AB 1406, relating to additional “at will” employees of San Bernardino CERA. (Memo dated May 26, 2009.)

   10. Report from David L. Muir, Chief Counsel on Pensionable Treatment of Flexible Benefit and Megaflex Contributions. (Memo dated June 2, 2009.)
7. PUBLIC COMMENT
8. GOOD OF THE ORDER (For discussion purposes only.)
9. EXECUTIVE SESSION
   1. CONFERENCE WITH LABOR NEGOTIATORS (Government Code Section 54957.6)

      Agency designated representatives:
      Gregg Rademacher, Chief Executive Officer
      Janice Golden, Assistant Executive Officer
      Robert Hill, Assistant Executive Officer
      Robert Proctor, Director of Human Resources
      David Muir, Chief Counsel
      Sharon Norton, Senior Human Resources Analyst
      John Nogales, Senior Human Resources Analyst

      Employee organization:
      Service Employees International Union (SEIU), Local 721

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.

6/8/09