Meeting

VENTURA COUNTY EMPLOYEES’ RETIREMENT ASSOCIATION 

BOARD OF RETIREMENT 

DISABILITY & BUSINESS MEETING 

April 29, 2024

AGENDA

PLACE:   This meeting will be conducted by the Board of Retirement both in person and by teleconference under California Government Code Section 54953(b). Any person may view the meeting in person at VCERA’s office or online at, https://www.vcera.org/meeting-agendas-minutes.
Ventura County Employees’ Retirement Association
Second Floor, Boardroom
1190 S. Victoria Avenue, Suite 200
Ventura, CA 93003
 
Teleconference Location for Trustees and the Public under California
Government Code Section 54953(b):

The public may listen to the Public Session and offer comments by calling: +1 669-219-2599, using Meeting ID: 725-838-7457. Persons may also submit written comments to [email protected] prior to and during the Board meeting. Please include your name, agenda item, the last 4 numbers of the telephone number that will be used to call in, and your comment. Public comment emails will be read into the record or summarized if lengthy.

The Board may take action on any item on the agenda, and agenda items may be taken out of order. 

TIME:  9:00 a.m. 

ITEM: 
 
I.
CALL TO ORDER
A.
Roll Call.
II.
APPROVAL OF AGENDA
III.
CONSENT AGENDA
A.
Approve Disability & Business Meeting Minutes of March 25, 2024.
B.
Approve Regular and Deferred Retirements and Survivors Continuances for the Month of March 2024.
C.
Receive and File Report of Checks Disbursed in March 2024.
D.
Receive and File Pending Disability Application Status Report.
E.
Receive and File Chief Investment Officer’s 1st Quarter 2024 Investment Activity Report.
F.
Approve On-Site Due Diligence Visits to VCERA Investment Managers Blackrock and UBS in San Francisco, California, June 3-4, 2024.
G.
Approve Proposed Revisions to the Surplus Property Policy.
H.
Application for Service-connected Disability Retirement - Perdue, Eric; Case no. 22-005.
IV.
APPLICATIONS FOR DISABILITY RETIREMENT
A.
Application for Nonservice and Service-connected Disability Retirement – Thin, Allan; Case no. 20-018.
V.
INVESTMENT MANAGER PRESENTATIONS
A.
Sprucegrove’s Annual Investment Presentation to the VCERA Board by Arjun Kumar and Tasleen Jamal.
RECOMMENDED ACTION: Receive and File.
B.
State Street Bank’s Annual Custody and Securities Lending Presentations to the VCERA Board.
RECOMMENDED ACTION: Receive & File.
VI.
INVESTMENT INFORMATION
A.
Monthly Investment Performance Report for the Period Ending March 31, 2024.
RECOMMENDED ACTION: Receive & File.
B.
Asset Liability Study Report.
RECOMMENDED ACTION: Approve.
VII.
OLD BUSINESS
A.
Alameda Implementation Status Update.
RECOMMENDED ACTION: Receive and File.
VIII.
NEW BUSINESS
A.
Retirement Administrator's Quarterly Report for January 1 to March 31, 2024.
RECOMMENDED ACTION: Receive and File.
B.
Segal Proposed Three-Year Schedule of Fixed Fees and Hourly Billing Rates for Actuarial Services.
RECOMMENDED ACTION: Approve.
C.
SACRS Business Meeting Agenda Items.
RECOMMENDED ACTION: Give Direction to the Voting Delegate.
IX.
CLOSED SESSION
A.
CONFERENCE WITH LEGAL COUNSEL – EXISTING LITIGATION (Government Code section 54956.9(a)) Name of Case: Christopher Myers v. Board of Retirement of the Ventura County Employees’ Retirement Association, et al.; Case No. 2020-00566579-CU-WM.
X.
INFORMATIONAL
A.
None.
XI.
PUBLIC COMMENT
XII.
STAFF COMMENT
XIII.
BOARD MEMBER COMMENT
XIV.
ADJOURNMENT