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Calendar Year:
Meeting Agenda:   
Unless otherwise specified, meetings will be held at the following location:
CalSTRS, 100 Waterfront Place, West Sacramento, CA.
First Floor Board Room
    *** Public Meeting Notice ***
All meeting times are approximate depending upon the end of the previous meeting.
Board Meeting Video Archive
Beginning December 2010, video of past board meetings are available in the Teachers’ Retirement Board Video Archive.
June 08, 2016
Audits and Risk Management Committee  -  8:30 am
Meeting location:
Boardroom, 100 Waterfront Place, West Sacramento, CA 95605
NOTE: There will be no live stream for this committee meeting.
Download Meeting Items
ItemTitleSessionTypePresenter
1Approval of Committee Agenda OpenActionChairperson
2Approval of Minutes of the February 3, 2016 Audit and
Risk Management Committee – Open Session
OpenConsent/ActionChairperson
3Interviews and Selection of Audit Committee ConsultantOpenActionLarry Jensen
4Compliance Assessment Report and Recommendations OpenActionBrian Bartow/ Rebecca Walker, Kaplan & Walker
5Audit Services’ Annual Risk AssessmentOpenInformationalLarry Jensen
6Fiscal Year 2016-17 Audit PlanOpenActionLarry Jensen
7Audit Services’ Charter ReviewOpenActionLarry Jensen
8Fiscal Year 2016-17 Work Plan InputOpenInformationalLarry Jensen/ Robin Madsen
9Chief Auditor Update OpenInformationalLarry Jensen
10Education: GASB 72OpenInformationalShifat Hasan/ Art Martinez
11Review of Information RequestsOpenInformationalChairperson
12Draft Agenda for Next Committee MeetingOpenInformationalChairperson
13Opportunity for Statements from the PublicOpenInformationalChairperson

NOTE:  
Items designated for information are appropriate for committee action if the committee wishes to take action. Items on the agenda of board committees may be referred to the board for discussion and possible action. Agenda items may be taken out of order with the approval of the Chairperson. Board members who are not members of the committee may attend and participate in the discussion of agenda items.
 
Investment Committee  -  11:30 am (estimate)
Meeting location:
NOTE: Investment Committee meeting from Wednesday, June 8, 2016 will continue after Regular Meeting adjourns.
Download Meeting Items
ItemTitleSessionTypePresenter
1Approval of Committee Agenda OpenActionChairperson
2Approval of Minutes of the April 8, 2016, Investment Committee Meeting – Open SessionOpenConsent/ActionChairperson
3Investment Beliefs Project – Step 2OpenInformationalChristopher Ailman
4Chief Investment Officer’s Report – Open SessionOpenInformationalChristopher Ailman
5Special Mandates Policy – First ReadingOpenInformationalChristopher Ailman
6Private Equity Program – Deconstructing Return DriversOpenInformationalJohn Haggerty/ Steve Hartt, Meketa
7Global Equity Policy Revision – First ReadingOpenInformationalJune Kim/ David Murphy
8Soft Dollar Policy Revision – First ReadingOpenInformationalChristopher Ailman
9Subcommittee of the Investment Committee Report – May MeetingOpenActionHarry Keiley, Subcommittee Chair
10Review of Investment Committee Reports and Time CycleOpenActionDebra Smith/ Reed Smith
11FY 2016-17 Work Plan ObjectivesOpenActionChristopher Ailman
12Diversity in the Management of Investments Long-term Business PlanOpenActionCandace Ronan/ Mike DiRé
13Review of Information RequestsOpenInformationalChairperson
14Draft Agenda for the July 14, 2016, Investment Committee MeetingOpenInformationalChairperson
14aOpportunity for Statements from the PublicOpenInformationalChairperson
15Approval of Minutes of the April 8-7, 2016, Investment Committee Meeting – Closed Session (Gov. Code, sec. 11126) ClosedConsent/ActionChairperson
16Tactical Investment Strategy Discussion (Gov. Code, sec. 11126(c)(16)) ClosedInformationalInvestment Staff and Consultants
17Chief Investment Officer’s Report – Closed Session (Gov. Code, sec. 11126)ClosedInformationalChristopher Ailman
18Confer With and Receive Advice from Legal Counsel Regarding Pending Litigation (Gov. Code, sec. 11126(e)) ClosedInformationalBrian J. Bartow
19Consideration of Investment Decisions (Gov. Code, sec. 11126 (c) (16)) ClosedInformationalChairperson

NOTE:  
Items designated for information are appropriate for committee action if the committee wishes to take action. Items on the agenda of board committees may be referred to the board for discussion and possible action. Agenda items may be taken out of order with the approval of the Chairperson. Board members who are not members of the committee may attend and participate in the discussion of agenda items.
 
Client Advisory Committee Meeting  -  3:30 pm (estimate)
Meeting location:
American River Room
100 Waterfront Place
West Sacramento, CA 95605
Download Meeting Items
ItemTitleSessionTypePresenter
1Client Advisory Committee AgendaOpenInformationalEd Derman

NOTE:  
Next meeting will be September 16, 2016 during the week of board meetings.
 
June 09, 2016
Compensation Committee  -  8:30 amDownload Meeting Items
ItemTitleSessionTypePresenter
1Approval of Committee Agenda / Work PlanOpenActionChairperson
2Approval of Minutes of the April 6, 2016 Compensation
Committee Meeting – Open Session
OpenConsent/ActionChairperson
3Recommendations for Incentive Performance Criteria for
Risk Mitigating Strategies, Innovation, Risk, Global
Equity, Private Equity and Updates to Benchmark
Definitions
OpenActionMelissa Norcia
4System Actuary Compensation EvaluationOpenActionMelissa Norcia/ Michael Oak, McLagan Partners
5Evaluation of Delegation of AuthorityOpenActionMelissa Norcia
6Review Information RequestsOpenInformationalChairperson
7Draft Agenda for the Next CommitteeOpenInformationalChairperson
8Opportunity for Additional Statements from the PublicOpenInformationalChairperson

NOTE:  
Items designated for information are appropriate for committee action if the committee wishes to take action. Items on the agenda of board committees may be referred to the board for discussion and possible action. Agenda items may be taken out of order with the approval of the Chairperson. Board members who are not members of the committee may attend and participate in the discussion of agenda items.
 
Board Governance Committee   -  9:30 am (estimate)Download Meeting Items
ItemTitleSessionTypePresenter
1Approval of Committee Agenda / Work PlanOpenActionChairperson
2Board Accountability & ComplianceOpenActionBrian J. Bartow/ Jill Lukins
3Review 2016-17 Proposed Work PlanOpenActionChairperson
4Approval of Minutes of the April 7, 2016, Board
Governance Committee Meeting – Open Session
OpenConsent/ActionChairperson
5Review of Information RequestsOpenInformationalChairperson
6Draft Agenda for the Next Committee MeetingOpenInformationalChairperson
7Opportunity for Statements from the PublicOpenInformationalChairperson

NOTE:  
Items designated for information are appropriate for committee action if the committee wishes to take action. Items on the agenda of board committees may be referred to the board for discussion and possible action. Agenda items may be taken out of order with the approval of the Chairperson. Board members who are not members of the committee may attend and participate in the discussion of agenda items.
 
Regular Meeting  -  10:30 am (estimate)
Meeting location:
NOTE: Investment Committee meeting from Wednesday, June 8, 2016 will continue after Regular Meeting adjourns.
Download Meeting Items
ItemTitleSessionTypePresenter
1Approval of Board Agenda OpenActionChairperson
2Appointment of Committee Members and Committee Chairs/ Vice Chairs for 2016-17OpenActionChairperson
3State and Federal LegislationOpenActionEd Derman/ Joycelyn Matinez-Wade
4Options on Use of Supplemental Benefit Maintenance AccountOpenActionEd Derman
5Amendment to the Actuarial Valuation Policy OpenActionEd Derman
6Chief Executive Officer ReportOpenInformationalJack Ehnes
7Fiduciary TrainingOpenInformationalAlexandra Poe and Harvey Leiderman, Reed Smith, LLP
8aProject Risk Oversight ReportsOpenInformationalGraeme Finley, Grant Thornton LLP
8bPension Solution Project Independent Verification & Validation (IV&V) UpdateOpenInformationalJon Lemelin, MAXIMUS
9aCommittee Reports 1) Appeals Committee 2) Investment Committee 3) Board Governance Committee 4) Audits and Risk Management Committee 5) Compensation Committee OpenConsent/ActionChairperson
9bApproval of Minutes of the April 7, 2016, Regular Meeting – Open SessionOpenConsent/ActionChairperson
9cBoard Member Education - REVISEDOpenConsent/ActionChairperson
9dContracts Requiring Board ApprovalOpenConsent/ActionChairperson
10Items Referred by Committee for Board DecisionOpenConsent/ActionChairperson
11New Business / Review Information RequestsOpenConsent/ActionChairperson
12Draft Agenda for the Next Committee MeetingOpenConsent/ActionChairperson
13Opportunity for Statements from the PublicOpenConsent/ActionChairperson
14Approval of Minutes of the April 7, 2016 Regular Meeting - Closed Session (Gov. Code, sec. 11126) ClosedConsent/ActionChairperson
15Committee Reports (Gov. Code, sec. 11126) a. Appeals Committee b. Investment Committee ClosedConsent/InformationChairperson
16Evaluation of CEO/CIO Base Pay ClosedActionChairperson
17Setting of CEO/CIO Performance Targets/Compensation for the 2016-17 Performance YearClosedActionChairperson
18Confer With and Receive Advice from Legal Counsel Regarding Pending Litigation (Gov. Code, sec. 11126(e)) ClosedInformationalBrian J. Bartow
19Chief Executive Officer Briefing on Performance and Personnel Issues (Gov. Code, sec. 11126(a), (b), (g)) ClosedInformationalJack Ehnes

NOTE:  
Items designated for information are appropriate for board action if the board wishes to take action. Agenda items may be taken out of order with the approval of the Chairperson.
 
June 10, 2016
Appeals Committee  -  9:00 am
Meeting location:
Sacramento River Room
100 Waterfront Place, West Sacramento, CA 95605
Download Meeting Items
ItemTitleSessionTypePresenter
1Approval of Committee AgendaOpenActionChairperson
2Approval of Minutes for the April 6, 2016, Appeals Committee – Open SessionOpenConsent/ActionChairperson
3aConsideration of Proposed Administrative Decision: Thomas Williams
OpenActionLarry Jensen
3bConsideration of Proposed Administrative Decision: Rosemary FernandezOpenActionMelyssa Adams
3cConsideration of Proposed Administrative Decision: Gary WoodsOpenActionDiane Alsup
4Benefits and Services Executive Officer ReportOpenInformationalAndrew Roth
5Review of Information RequestsOpenInformationalChairperson
6Opportunity for Statements from the PublicOpenInformationalChairperson
7Approval of Minutes for the April 6, 2016, Appeals Committee – Closed Session (Gov. Code, sec. 11126)ClosedConsent/ActionChairperson
8Deliberate on Proposed Administrative Decisions (Gov. Code, sec. 11126(c)(3)) ClosedActionChairperson
9Announcements of Action Taken on Proposed Administrative Decisions a. Thomas Williams b. Rosemary Fernandez c. Gary Woods OpenActionChairperson

NOTE:  
Items designated for information are appropriate for committee action if the committee wishes to take action. Items on the agenda of board committees may be referred to the board for discussion and possible action. Agenda items may be taken out of order with the approval of the Chairperson.
 
PowerPoint Presentations  Download Meeting Items
ItemTitleSessionTypePresenter
1Audits and Risk Management Committee - Item #4 Compliance Assessment Report and Recommendations OpenInformationalBrian Bartow / Rebecca Walker, Kaplan & Walker
2Audits and Risk Management Committee - Item #10 Education: GASB 72OpenInformationalShifat Hasan / Art Martinez
3Investment Committee - Item #3 Investment Beliefs Project – Step 2OpenInformationalChristopher J. Ailman
4Investment Committee - Item #4 Chief Investment Officer’s Report – Open SessionOpenInformationalChristopher J. Ailman
5Investment Committee - Item #6 Private Equity Program – Deconstructing Return DriversOpenInformationalJohn Haggerty and Steven Hartt, Meketa Investment Group
6Investment Committee - Item #12 Diversity in the Management of Investments Long-term Business PlanOpenInformationalCandace Ronan / Mike DiRe
11Regular Meeting - Item #6 Chief Executive Officer ReportOpenInformationalJack Ehnes
13Regular Meeting - Item #8a Project Risk Oversight ReportsOpenInformationalGraeme Finley, Grant Thornton LLP
14Regular Meeting - Item #8b Pension Solution Project Independent Verification & Validation (IV&V) UpdateOpenInformationalJon Lemelin, MAXIMUS

NOTE:  
 

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