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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.
May 09, 2018
Compensation Committee  -  8:30 amDownload Meeting Items
ItemTitleSessionTypePresenter
1Approval of Committee Agenda OpenActionChairperson
2Approval of Minutes of the November 2, 2017, Compensation Committee Meeting – Open Session OpenConsent/ActionChairperson
3Technical Housekeeping – Evaluation of Benchmark Definitions for Inflation Sensitive and Innovative StrategiesOpenActionMelissa Norcia
4Evaluation of RMS Milestones to Assess Quantitative and Qualitative WeightingsOpenInformationalMelissa Norcia/Meketa
5Committee Work Plan Input for FY 2018-19OpenInformationalChairperson
6Review of Information RequestsOpenInformationalChairperson
7Draft Agenda for the Next Committee MeetingOpenInformationalChairperson
7aOpportunity 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  -  9:30 am (estimate)Download Meeting Items
ItemTitleSessionTypePresenter
1Approval of Committee Agenda OpenActionChairperson
2Approval of Minutes of the February 7, 2018, Investment Committee Meeting – Open Session OpenConsent/ActionChairperson
3Investment Consultant Contract Extension – Pension Consulting Alliance and Meketa Investment GroupOpenConsent/ActionChairperson
4Investment Beliefs StatementOpenConsent/ActionChairperson
5Committee Work Plan Input for FY 2018-19OpenConsent/InformationChairperson
6Staff Report On Additional Opportunities for Direct and Co-Investment OpportunitiesOpenConsent/InformationChairperson
7Assault Weapon Engagement Plan OpenActionChristopher Ailman
8ESG / Sustainability Policy (IPMP Attachment A) – Second ReadingOpenActionBrian Rice
9Investment Insight Speaker – U.S. InfrastructureOpenInformationalJan Garvey, Meridian Infrastructure
10Chief Investment Officer’s Report – Open SessionOpenInformationalChristopher Ailman
11Review of the Responsible Contractor Policy Neutrality ClauseOpenInformationalBrian J. Bartow, Allan Emkin, Pension Consulting Alliance
12Corporate Governance “30 and 30” ProposalOpenInformationalAeisha Mastagni
13aOpen Session Semi-Annual Reports: Receive General Consultant – Semi-Annual Performance Report, Period Ending December 31, 2017 (Gov. Code, sec. 11126(c)(16))OpenInformationalAllan Emkin, Pension Consulting Alliance
13bOpen Session Semi-Annual Reports: Receive Real Estate – Semi-Annual Performance Report, Period Ending September 30, 2017 (Gov. Code, sec. 11126(c)(16))OpenInformationalGadi Kaufmann and Taylor Mammen, Robert Charles Lesser & Co. (RCLCO)
13cOpen Session Semi-Annual Reports: Receive Private Equity – Semi-Annual Performance Report, Period Ending September 30, 2017 (Gov. Code, sec. 11126(c)(16))OpenInformationalJohn Haggerty and Steve Hartt, Meketa Investment Group
14Review of Information RequestsOpenInformationalChairperson
15Draft Agenda for the July 19, 2018, Investment Committee MeetingOpenInformationalChairperson
15aOpportunity for Statements from the PublicOpenInformationalChairperson
16Approval of Minutes of the February 7, 2018 Investment Committee Meeting – Closed Session (Gov. Code, sec. 11126)ClosedConsent/ActionChairperson
17Tactical Investment Strategy Discussion (Gov. Code, sec. 11126(c)(16)) ClosedInformationalInvestment Staff and Consultants
18Confer With and Receive Advice from Legal Counsel Regarding Pending Litigation (Gov. Code, sec. 11126(e)) ClosedInformationalBrian J. Bartow
19aClosed Session Semi-Annual Reports: Receive General Consultant – Semi-Annual Performance Report, Period Ending December 31, 2017 (Gov. Code, sec. 11126(c)(16)) ClosedInformationalAllan Emkin, Pension Consulting Alliance
19bClosed Session Semi-Annual Reports: Receive Real Estate – Semi-Annual Performance Report, Period Ending September 30, 2017 (Gov. Code, sec. 11126(c)(16)) ClosedInformationalGadi Kaufmann and Taylor Mammen, Robert Charles Lesser & Co. (RCLCO)
19cClosed Session Semi-Annual Reports: Receive Private Equity – Semi-Annual Performance Report, Period Ending September 30, 2017 (Gov. Code, sec. 11126(c)(16))ClosedInformationalJohn Haggerty and Steve Hartt, Meketa Investment Group
19dClosed Session Semi-Annual Reports: Semi-Annual Report on Investment Manager Ratings (Gov. Code, sec. 11126(e))ClosedInformationalInvestment Staff
20Consideration of Investment Decisions – Chief Operating Investment Officer – Semi-Annual Report (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  -  3:30 pmDownload Meeting Items
ItemTitleSessionTypePresenter
1Client Advisory Committee AgendaOpenInformationalGrant Boyken / Andrew Roth

NOTE:  
Next meeting TBD.
 
May 10, 2018
Board Governance Committee  -  8:30 amDownload Meeting Items
ItemTitleSessionTypePresenter
1Approval of Committee Agenda / Work PlanOpenActionChairperson
2Approval of Minutes of the February 7, 2018, Board Governance Committee Meeting – Open SessionOpenConsent/ActionChairperson
3Board Education Forum – Insider Trading OpenInformationalEd Klees
4Committee Work Plan Input for FY 2018-19OpenInformationalChairperson
5Review of Information RequestsOpenInformationalChairperson
6Draft Agenda for the Next Committee MeetingOpenInformationalChairperson
6aOpportunity 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  -  9:45 am (estimate)Download Meeting Items
ItemTitleSessionTypePresenter
1Approval of Board Agenda OpenActionChairperson
2Annual Board Chair and Vice-Chair Elections and Committee Composition for FY 2018-19OpenActionChairperson
3aActuarial Valuations, Benefits and Rates: Defined Benefit Program as of June 30, 2017
OpenActionDavid Lamoureux/ Jordan Fassler/ Nick Collier and Mark Olleman, Milliman
3bActuarial Valuations, Benefits and Rates: Defined Benefit Supplement Program as of June 30, 2017OpenActionDavid Lamoureux/ Jordan Fassler/ Nick Collier and Mark Olleman, Milliman
3cActuarial Valuations, Benefits and Rates: Cash Balance Benefit Program as of June 30, 2017OpenActionDavid Lamoureux/ Jordan Fassler/ Nick Collier and Mark Olleman, Milliman
3dActuarial Valuations, Benefits and Rates: Supplemental Benefit Maintenance Account as of June 30, 2017OpenActionDavid Lamoureux/ Jordan Fassler/ Nick Collier and Mark Olleman, Milliman
3eActuarial Valuations, Benefits and Rates: Options on Use of Supplemental Benefit Maintenance AccountOpenActionDavid Lamoureux/ Jordan Fassler/ Nick Collier and Mark Olleman, Milliman
3fActuarial Valuations, Benefits and Rates: Review of Lump Sum Death BenefitOpenActionDavid Lamoureux/ Jordan Fassler/ Nick Collier and Mark Olleman, Milliman
3gActuarial Valuations, Benefits and Rates: Adoption of Contribution Rates and Interest Rates for Fiscal Year 2018-19OpenActionDavid Lamoureux/ Jordan Fassler/ Nick Collier and Mark Olleman, Milliman
4State and Federal LegislationOpenActionGrant Boyken/ Joycelyn Martinez-Wade
5Pension Solution OpenInformationalAshish Jain/Andrew Roth/ Graeme Finley, Grant Thornton LLP
6Chief Executive Officer Report OpenInformationalJack Ehnes
7Work Plan Input for FY 2018-19OpenInformationalJack Ehnes
8Enterprise Risk Management ReportOpenConsent/InformationChairperson
9aCommittee Reports – 1) Investment Committee 2) Appeals Committee 3) Audits and Risk Management Committee 4) Benefits and Services Committee 5) Board Governance 6) Compensation CommitteeOpenConsent/ActionChairperson
9bApproval of Minutes of the February 8, 2018, Regular Meeting – Open SessionOpenConsent/ActionChairperson
9cBoard Member Education - RevisedOpenConsent/ActionChairperson
9dContracts Requiring Board ApprovalOpenConsent/ActionChairperson
9eApproval of Appeals Committee Charter OpenConsent/ActionChairperson
10Items Referred by Committee for Board DecisionOpenInformationalChairperson
11New Business / Review Information RequestsOpenInformationalChairperson
12Draft Agenda for the Next Board MeetingOpenInformationalChairperson
12aOpportunity for Statements from the PublicOpenInformationalChairperson
13Approval of Minutes of the November 3, 2017 Regular Meeting - Closed Session (Gov. Code, sec. 11126) ClosedConsent/ActionChairperson
14Committee Reports (Gov. Code, sec. 11126): a. Investment Committee b. Appeals Committee ClosedConsent/InformationChairperson
15Setting of CEO/CIO Performance Targets/Compensation for the 2018-19 Performance Year (Gov. Code, sec. 11126(a), (b), (g)(1))ClosedActionMelissa Norcia
16Report on Cybersecurity (Gov. Code, sec. 11126 (c)(18)(A)) ClosedInformationalScott Tirapelle
17Review of Legal Framework Regarding California Pension Vested Rights (Gov. Code, sec. 11126(e))ClosedInformationalBrian J. Bartow
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.
 
May 11, 2018
Benefits and Services Committee  -  8:30 amDownload Meeting Items
ItemTitleSessionTypePresenter
1Approval of Committee Agenda OpenActionChairperson
2Approval of Minutes of the February 9, 2018 Benefits and Services Committee Meeting – Open Session OpenConsent/ActionChairperson
3Member Education Products and Services: Effectiveness AssessmentOpenInformationalSandy Blair / Andrew Roth
4Update on Suspended Death Benefit CasesOpenInformationalMelyssa Adams / Andrew Roth
5Committee Work Plan Input for FY 2018-19OpenInformationalAndrew Roth
6Executive Officer ReportOpenInformationalAndrew Roth
7Review of Information RequestsOpenInformationalChairperson
8Draft Agenda for the Next Committee MeetingOpenInformationalChairperson
8aOpportunity 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.
 
Audits and Risk Management Committee  -  10:00 am (estimate)Download Meeting Items
ItemTitleSessionTypePresenter
1Approval of Committee Agenda OpenActionChairperson
2Approval of Minutes of the February 9, 2018 Audit and Risk Management Committee – Open SessionOpenConsent/ActionChairperson
3Committee Work Plan Input for FY 2018-19OpenInformationalLarry Jensen/Lucy Arbuckle/Deena Mount
4Results of the 2017 Internal Quality Assessment ReviewOpenInformationalCheryl Dietz / Larry Jensen
5Chief Auditor UpdateOpenInformationalLarry Jensen
6Compliance Director Update OpenInformationalDeena Mount
7Review of Information RequestsOpenInformationalChairperson
8Draft Agenda for Next Committee MeetingOpenInformationalChairperson
9Opportunity 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.
 
PowerPoint Presentations  -  5:00 pm
Meeting location:
#Don'tShowTime
Download Meeting Items
ItemTitleSessionTypePresenter
1Investment Committee - Item # 6 Staff Report On Additional Opportunities for Direct and Co-Investment OpportunitiesOpenInformationalMike DiRé, Margot Wirth, and Paul Shantic
2Investment Committee - Item #10 Chief Investment Officer’s Report – Open SessionOpenInformationalChristopher Ailman
3Investment Committee - Item #13c Open Session Semi-Annual Reports: Receive Private Equity – Semi-Annual Performance Report, Period Ending
September 30, 2017
(Gov. Code, sec. 11126(c)(16))
OpenInformationalJohn Haggerty and Steve Hartt, Meketa Investment Group
6Board Governance Committee - Item #3 Board Education Forum – Insider Trading OpenInformationalEd Klees
7Regular Meeting - Item #3a, #3b, #3c, #3d Actuarial Valuations, Benefits and Rates
a. Actuarial Valuation Defined Benefit Program as of June 30, 2017
b. Actuarial Valuation Defined Benefit Supplement Program as of June 30, 2017
c. Actuarial Valuation Cash Balance Benefit Program as of June 30, 2017
d. Actuarial Valuation Supplemental Benefit Maintenance Account as of June 30, 2017
OpenActionDavid Lamoureux/Jordan Fassler, Nick Collier and Mark Olleman, Milleman
8aRegular Meeting - Item #5 Pension Solution OpenInformationalAshish Jain/Andrew Roth/ Graeme Finley, Grant Thornton LLP
8bRegular Meeting - Item #5 Pension SolutionOpenInformationalAshish Jain/Andrew Roth/ Graeme Finley, Grant Thornton LLP
9Benefits and Services Committee - Item #3 Member Education Products and Services: Effectiveness AssessmentOpenInformationalSandy Blair / Andrew Roth
10Benefits and Services Committee - Item #4 Update on Suspended Death Benefit CasesOpenInformationalMelyssa Adams / Andrew Roth
 

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