San Bernardino County Employees' Retirement Assoc. - Meeting of BOARD OF RETIREMENT on 12/3/2020 at 9:00 AM

19-1198

Wed, 08 Feb 2023 23:19:31 GMT

File #: 19-1198
Ver.: 1
Agenda #: 1.
Type: Recognition
Title: Recognize achievement of the Fiscal Services team for receiving the following GFOA Awards: a. Certificate of Achievement for Excellence in Financial Reporting for the Comprehensive Annual Financial Report; and b. Award for Outstanding Achievement in Popular Annual Financial Reporting for the Popular Annual Financial Report.
Action:
Result:

19-1201

Wed, 08 Feb 2023 23:19:31 GMT

File #: 19-1201
Ver.: 1
Agenda #: 2.
Type: Recognition
Title: Recognize the Communications Team for the Public Relations Society of America Polaris Award for excellence in SBCERA’s website redesign project.
Action:
Result:

19-1126.1

Wed, 08 Feb 2023 23:19:31 GMT

File #: 19-1126.1
Ver.: 1
Agenda #: 3.
Type: Information Item
Title: Pathway Capital Management Manager Update.
Action:
Result:

19-1166.1

Wed, 08 Feb 2023 23:19:31 GMT

File #: 19-1166.1
Ver.: 1
Agenda #: 4.
Type: Information Item
Title: Review Operational Due Diligence Program for 2020 by Kreischer Miller.
Action:
Result:

19-1174

Wed, 08 Feb 2023 23:19:31 GMT

File #: 19-1174
Ver.: 1
Agenda #: 5.
Type: Consent Item
Title: Approve minutes of regular meeting of November 5, 2020.
Action:
Result:

19-1190

Wed, 08 Feb 2023 23:19:31 GMT

File #: 19-1190
Ver.: 1
Agenda #: 6.
Type: Consent Item
Title: Approve Service Retirements.
Action:
Result:

19-1193

Wed, 08 Feb 2023 23:19:31 GMT

File #: 19-1193
Ver.: 1
Agenda #: 7.
Type: Consent Item
Title: Approve the Service-Connected Disability Retirement application of Jason A. Frey - County of San Bernardino - Sheriff.
Action:
Result:

19-1195

Wed, 08 Feb 2023 23:19:31 GMT

File #: 19-1195
Ver.: 1
Agenda #: 8.
Type: Consent Item
Title: Approve the Service-Connected Disability Retirement application (Optional Death Allowance - §31787) of Cameron Pratt - County of San Bernardino - Sheriff.
Action:
Result:

19-1161

Wed, 08 Feb 2023 23:19:31 GMT

File #: 19-1161
Ver.: 1
Agenda #: 9.
Type: Consent Item
Title: Approve the 2021 Board of Retirement and Committee Meeting Dates.
Action:
Result:

19-1156.1

Wed, 08 Feb 2023 23:19:31 GMT

File #: 19-1156.1
Ver.: 1
Agenda #: 10.
Type: Consent Item
Title: Approve the 2021 Medical Advisor Panel and Hearing Officer Panel; approve the Board adjusting the hearing officer’s hourly rate to $200 per hour.
Action:
Result:

19-1162

Wed, 08 Feb 2023 23:19:31 GMT

File #: 19-1162
Ver.: 1
Agenda #: 11.
Type: Consent Item
Title: Adopt updated Conflict of Interest Code with current position identifications, and submit to the Board of Supervisors for approval.
Action:
Result:

19-1165.1

Wed, 08 Feb 2023 23:19:31 GMT

File #: 19-1165.1
Ver.: 1
Agenda #: 12.
Type: Consent Item
Title: Approve the engagement of Brown Armstrong in the sum of $30,195 for two agreed upon procedures reports, and approve the engagement of Davis Farr in the sum of $6,500 for one agreed upon procedures report.
Action: Approved
Result: Pass

19-1191

Wed, 08 Feb 2023 23:19:31 GMT

File #: 19-1191
Ver.: 1
Agenda #: 13.
Type: Consent Item
Title: Approve Special Assignment Compensation in the amount of 7.5% of base salary for the Office Specialist and Disability Retirement Benefits Technician in the Disability Retirement Unit, effective May 9, 2020 through October 23, 2020 or such sooner date as the CEO determines SAC pay is no longer appropriate.
Action: Approved as amended
Result: Pass

19-1189

Wed, 08 Feb 2023 23:19:31 GMT

File #: 19-1189
Ver.: 1
Agenda #: 14.
Type: Consent Item
Title: Approve an extension of time to March 5, 2021 for SEBA to submit its appeal on retirement benefit payments determinations.
Action:
Result:

19-1182

Wed, 08 Feb 2023 23:19:31 GMT

File #: 19-1182
Ver.: 1
Agenda #: 15.
Type: Consent Item
Title: Ratify the Chief Executive Officer’s determination to grant an additional 30-day extension of time for Ruben Navarro to submit additional information regarding his appeal on his retirement benefit payments determination.
Action: Approved as amended
Result: Pass

19-1123.1

Wed, 08 Feb 2023 23:19:31 GMT

File #: 19-1123.1
Ver.: 1
Agenda #: 16.
Type: Consent Item
Title: Approve the CY 2021 Investment Manager Due Diligence Schedule and Exception List.
Action:
Result:

19-1151.1

Wed, 08 Feb 2023 23:19:31 GMT

File #: 19-1151.1
Ver.: 1
Agenda #: 17.
Type: Consent Item
Title: Approve and adopt updates to Investment Policy No. 018 (International Swap Dealer Association Agreements and Prime Broker Agreements).
Action:
Result:

19-1152.1

Wed, 08 Feb 2023 23:19:31 GMT

File #: 19-1152.1
Ver.: 1
Agenda #: 18.
Type: Consent Item
Title: Approve and adopt updates to Investment Policy No. 019 (Counterparty Risk Policy).
Action:
Result:

19-1175

Wed, 08 Feb 2023 23:19:31 GMT

File #: 19-1175
Ver.: 1
Agenda #: 19.
Type: Action Item
Title: Action on Deferred Items from Consent, if any.
Action:
Result:

19-1211

Wed, 08 Feb 2023 23:19:32 GMT

File #: 19-1211
Ver.: 1
Agenda #: 20.
Type: Action Item
Title: Amend Resolution No. 2020-8 re Appeals Process for Benefits Determinations Arising out of the Alameda Supreme Court Decision.
Action: Approved
Result: Pass

19-1157

Wed, 08 Feb 2023 23:19:31 GMT

File #: 19-1157
Ver.: 1
Agenda #: 21.
Type: Action Item
Title: Approve Segal Consulting’s Actuarial Valuation and Review, and related reports, as of June 30, 2020.
Action: Approved
Result: Pass

19-1164.1

Wed, 08 Feb 2023 23:19:31 GMT

File #: 19-1164.1
Ver.: 1
Agenda #: 22.
Type: Action Item
Title: Approve and authorize the Chief Executive Officer to execute an agreement with Levi, Ray & Shoup, Inc., for work on the PensionGold Refresh Project, in an amount not to exceed $2,280,000; approve the use of contingency funds in the amount of $2,280,000.
Action: Approved
Result: Pass

19-1167.1

Wed, 08 Feb 2023 23:19:31 GMT

File #: 19-1167.1
Ver.: 1
Agenda #: 23.
Type: Action Item
Title: Approve the Audited Basic Financial Statements, Independent Auditor’s Report, and other Required Communications for the years ended June 30, 2020 and 2019.
Action: Approved
Result: Pass

19-1187

Wed, 08 Feb 2023 23:19:31 GMT

File #: 19-1187
Ver.: 1
Agenda #: 24.
Type: Receive and File
Title: Report on the Investment Committee meeting conducted November 17, 2020.
Action:
Result:

19-1172

Wed, 08 Feb 2023 23:19:31 GMT

File #: 19-1172
Ver.: 1
Agenda #: 25.
Type: Receive and File
Title: Report on the Administrative Committee meeting conducted November 19, 2020.
Action:
Result:

19-1173

Wed, 08 Feb 2023 23:19:31 GMT

File #: 19-1173
Ver.: 1
Agenda #: 26.
Type: Receive and File
Title: Report on the Audit Committee meeting conducted November 19, 2020.
Action:
Result:

19-1160

Wed, 08 Feb 2023 23:19:31 GMT

File #: 19-1160
Ver.: 1
Agenda #: 27.
Type: Receive and File
Title: 2020 Comprehensive Annual Financial Report (CAFR) and Popular Annual Financial Report (PAFR).
Action:
Result:

19-1188

Wed, 08 Feb 2023 23:19:31 GMT

File #: 19-1188
Ver.: 1
Agenda #: 28.
Type: Receive and File
Title: Summary of change orders for October 2020 on tenant improvements project at 348 W. Hospitality Lane.
Action:
Result:

19-1194

Wed, 08 Feb 2023 23:19:32 GMT

File #: 19-1194
Ver.: 1
Agenda #: 29.
Type: Closed Session
Title: CONFERENCE WITH LEGAL COUNSEL - ANTICIPATION OF LITIGATION Initiation of litigation pursuant to paragraph (4) of subdivision (d) of Government Code Section 54956.9: One (1) case.
Action: Approved
Result: Pass

19-1176

Wed, 08 Feb 2023 23:19:32 GMT

File #: 19-1176
Ver.: 1
Agenda #: 30.
Type: Open Session
Title: Report by Counsel on actions taken in Closed Session.
Action:
Result:

19-1177

Wed, 08 Feb 2023 23:19:32 GMT

File #: 19-1177
Ver.: 1
Agenda #: 31.
Type: Executive Report
Title: Chief Executive Officer.
Action:
Result:

19-1196

Wed, 08 Feb 2023 23:19:32 GMT

File #: 19-1196
Ver.: 1
Agenda #: 32.
Type: Executive Report
Title: Chief Counsel.
Action:
Result:

19-1158

Wed, 08 Feb 2023 23:19:32 GMT

File #: 19-1158
Ver.: 1
Agenda #: 33.
Type: Executive Report
Title: Chief Investment Officer.
Action:
Result:

19-1197

Wed, 08 Feb 2023 23:19:32 GMT

File #: 19-1197
Ver.: 1
Agenda #: 34.
Type: Trustees Report
Title: Report by the Trustees concerning conferences and other meetings attended (as specified by Education & Training Policy No. 003 - “Trustee Travel and Expense Policy”).
Action:
Result: