ABOUT LACERA

OPERATIONS & OVERSIGHT COMMITTEE MINUTES 9-10-09

PRESENT

• Yves Chery, Chair
• Ed C. Morris, Vice Chair
• Edward L. Blecksmith
• James P. Harris
• Sadonya Antebi, Alternate

BOARD MEMBERS AT LARGE

• Les Robbins
• Simon S. Russin

STAFF, ADVISORS, PARTICIPANTS

• Robert Hill
• Janice Golden
• Jeannine Smart

The meeting was called to order by Chairman Chery at 10:25 a.m.

1. APPOINTMENT OF VOTING MEMBER(S) IN THE EVENT ONE OR MORE REGULAR COMMITTEE MEMBERS ARE ABSENT

   All regular members of the Committee were present.

2. APPROVAL OF THE MINUTES OF THE REGULAR MEETING OF AUGUST 13, 2009

   A motion was made by Mr. Morris seconded by Mr. Harris, to approve the minutes of the regular meeting of August 13, 2009.

   The motion passed unanimously.

3. FOR INFORMATION

   1. Communicating with Our Members:
      PostScript & Spotlight Newsletter Survey Results (oral presentation)
      Jeannine Smart

      Jeannine Smart presented the survey results for both the PostScript (active) and Spotlight (retired) newsletters. The survey was sent to 154,000 active and 54,000 retired members. Of the active members 1.73% responded, with 12.05% of the retired members responding.

      PostScript: The survey was offered two ways, a postcard included in the newsletter, and online. The majority of those responding were always pleased with the written content – clarity and useful information, and the professional content – the look, graphics, and being easy to follow. More than half indicated they follow the links to lacera.com for more information. A majority of members would still like to receive the printed newsletter, four times a year.

      Spotlight: Again, for both written and professional content, the majority responding were always satisfied. A greater majority of retirees prefer to receive the printed newsletter, also at least four times a year. However, almost half do follow the links to lacera.com. Many positive responses were received from retirees, not only regarding the newsletters, but also for the Call Center, Outreach, the Boards, and LACERA management.

      Many suggestions were made by both groups, a frequent one being to use a less expensive paper. We have asked our print vendors to provide us with a lower cost paper, and will report that in the newsletters. We are also implementing some of the other suggestions, which will be reported back to members in upcoming newsletters.

4. MISCELLANEOUS
5. PUBLIC COMMENT
6. GOOD OF THE ORDER

   (For discussion purposes only)

7. 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.

10/23/09