ABOUT LACERA

BOARD OF RETIREMENT AGENDA 2-11-10

LACERA

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

9:00 AM

1. CALL TO ORDER
2. PLEDGE OF ALLEGIANCE
3. APPROVAL OF THE MINUTES OF THE REGULAR MEETING OF JANUARY 14, 2010
4. OTHER COMMUNICATIONS
   1. For Information
      1. January 2010 All Stars
      2. Service Award
      3. Chief Executive Officer’s Report (Memo dated February 3, 2010)
5. 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 State and Local Government Benefits Association 2010 National Conference to be held in Indianapolis, Indiana from April 18-21, 2010; and approve reimbursement of all travel costs incurred in accordance with LACERA’s Education and Travel Policy. (Memo dated January 21, 2010.)

   2. Recommendation as submitted by Christine Roseland, Staff Counsel:

      Approve attendance of Board Members, and staff as designated by the Chief Executive Officer, at the American Bar Association’s 11th Annual Conference on Emerging Issues in Healthcare Law to be held in Phoenix, Arizona from February 17-19, 2010; and approve reimbursement of all travel costs incurred in accordance with LACERA’s Education and Travel Policy. (Memo dated February 2, 2010.)

6. NON-CONSENT AGENDA
   1. Recommendation as submitted by Nai-len Ishikawa, Acting Manager, Financial & Accounting Services:

      That the Board determine the Consumer Price Index changed by 1.8% for the year ending December 2009, and approve cost-of-living increases and respective COLA Accumulation adjustments for retired LACERA members and beneficiaries, based on retirement plan and date of retirement or death, to become effective April 1, 2010 in accordance with applicable California Government Code Sections. (Memo dated January 19, 2010.)

   2. Recommendation as submitted by Nai-len Ishikawa, Acting Manager, Financial & Accounting Services:

      That the Board determine the Consumer Price Index changed by 1.9% for the last two calendar years ending December 2009, and adjust the compensation for the review and analysis of disability retirement cases to $102 per day for an eight-hour day. The new compensation amount is to become effective April 1, 2010. (Memo dated January 19, 2010.)

   3. Recommendation as submitted by Stephen Gibbs, Claims Processing Division:

      That the Board: 1) Determine, based upon medical evaluation conducted October 23, 2009, that Deborah A. Smith is not incapacitated for the duties assigned to her in the position of Intermediate Typist Clerk; and 2) Grant the application of Ms. Smith for reinstatement to active membership. (Memo dated January 11, 2010.)

   4. Recommendation as submitted by Fern M. Billingy, Senior Staff Counsel:

      That the Board: 1) Adopt the resolution specifying that K-9 Pay earned on and after October 5, 2006, by deputies of the Narcotics Bureau and the Arson Explosives Unit of the Sheriff’s Department, qualifies as compensation earnable; 2) Instruct staff to implement this change by coordinating with the County Auditor-Controller to remit member and employer contributions; and 3) Instruct staff to collect arrears contributions for K-9 Pay in accordance with the Board’s policy regarding implementation of new pensionable pay items. (Memo dated February 1, 2010.)

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

      That the Board: 1) Approve the salary level for the Director, Retiree Health Care position as Tier 1 MAPP, Range 14; and 2) Delegate authority to the Chief Executive Officer the flexibility to set salary in the fourth quartile of the salary range. (Memo dated February 3, 2010.)

   6. Recommendation as submitted by Robert R. Hill, Assistant Executive Officer:

      That the Board: 1) Terminate the Request for Proposal (RFP) and reject any or all proposals submitted for consultant services for the Retiree Health Care Benefits Program; and 2) Authorize and instruct the Chief Executive Officer to execute an agreement with Mercer to provide consultant services for the Retiree Health Care Benefits Program for a period not to exceed two years. (Memo dated January 28, 2010.)

   7. Recommendation as submitted by the Insurance, Benefits and Legislative Committee:

      That the Board support San Bernardino CERA’s efforts to amend Internal Revenue Code Section 401 (a) (24) to allow commingled investment of retirement benefit plan and retiree healthcare benefit plan trust assets. (Memo dated January 28, 2010.)

7. PUBLIC COMMENT
8. GOOD OF THE ORDER

   (For discussion purposes only.)

9. EXECUTIVE SESSION
   1. CONFERENCE WITH LEGAL COUNSEL – ANTICIPATED LITIGATION (Subdivisions (b) and (c) of California Government Code Section 54956.9.)
      1. One Case
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.

Persons requiring an alternative format of this agenda pursuant to Section 202 of the Americans with Disabilities Act of 1990 may request one by calling Cynthia Guider at (626)-564-6000, 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. Assistive Listening Devices are available upon request. American Sign Language (ASL) Interpreters are available with at least three (3) business days notice before the meeting date.

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