Please note: this meeting's minutes have not been finalized yet. Actions taken on legislation and their results are not available. Details Meeting Name: BOARD OF RETIREMENT Agenda status: Final Meeting date/time: 6/5/2025 9:00 AM Minutes status: Draft   Meeting location: Board Room 348 W. Hospitality Lane, 1st Floor, San Bernardino, CA 92408 Live stream access: https://sbcera.legistar.com/calendar.aspx Published agenda: Agenda Published minutes: Not available   Meeting video: Not available   Attachments: Meeting Items (43) 43 records Group Clear sorting Clear grouping Group by Type Group by Result Export Export to Excel Export to PDF Export to Word Show: Legislation only Legislation only All agenda items File # Ver. Agenda # Name Type Title Action Result Action Details Video 25-231 1 1.   Recognition View recent feature of our We Are SBCERA video series.     Not available Not available 25-230 1 2.   Consent Item Approve minutes of regular meeting conducted on May 1, 2025.     Not available Not available 25-205 1 3.   Consent Item Approve the Service-Connected Disability Retirement application of John Ades - San Bernardino County - Sheriff.     Not available Not available 23-054.1 1 4.   Consent Item Approve and adopt the proposed final findings and recommendations of the referee regarding the Disability Retirement of Kevin W. Bragg - San Bernardino - Probation.     Not available Not available 25-227 1 5.   Consent Item Approve the Service-Connected Disability Retirement with Supplemental Retirement Allowance of Willie Crane - San Bernardino County - Sheriff.     Not available Not available 25-215 1 6.   Consent Item Approve the Service-Connected Disability Retirement with Supplemental Retirement Allowance of Ernest J. Engeron III - San Bernardino County - Probation.     Not available Not available 25-206 1 7.   Consent Item Approve the Service-Connected Disability Retirement application of Michael D. Landavazo - San Bernardino County - Sheriff.     Not available Not available 25-219 1 8.   Consent Item Approve the Service-Connected Disability Retirement application of Bryan M. Lane - San Bernardino County - Sheriff.     Not available Not available 25-189 1 9.   Consent Item Approve the Nonservice-Connected Disability Retirement with Supplemental Retirement Allowance of Jennifer L. Lemelle - San Bernardino County - Human Services.     Not available Not available 25-195 1 10.   Consent Item Approve the Service-Connected Disability Retirement application of John McGarvey - San Bernardino County - County Fire.     Not available Not available 25-218 1 11.   Consent Item Approve the Service-Connected Disability Retirement application of Daniel Nelson - San Bernardino County - County Fire.     Not available Not available 25-217 1 12.   Consent Item Approve the Service-Connected Disability Retirement application of Sara Tamayo - San Bernardino County - Sheriff.     Not available Not available 25-207 1 13.   Consent Item Approve the request to extend the employment of Richard Hagen from July 13, 2025, through January 16, 2027, due to an extreme necessity to continue his employment beyond the 18-month limit. The request meets the criteria set forth in SBCERA Benefits Policy No. 032 “Retirees Returning to Work”.     Not available Not available 25-214 1 14.   Consent Item Approve the request to extend the employment of Allan Sinclair from July 13, 2025, through July 16, 2027, due to an extreme necessity to continue his employment beyond the 18-month limit. The request meets the criteria set forth in SBCERA Benefits Policy No. 032 “Retirees Returning to Work”.     Not available Not available 25-255 1 15.   Consent Item Approve the attendance and estimated expenses for Louis Fiorino to attend the IDAC (Investment Diversity Advisory Council) Global Summit in San Antonio, TX on September 23 - 25, 2025.     Not available Not available 25-216 1 16.   Consent Item Approve the 2025 Board of Retirement Election calendar and call an election on December 2, 2025 to elect one General Member, one Retired Member, and one Alternate Retired Member to the Board of Retirement, pursuant to SBCERA General Policy No. 006 (Board of Retirement Elections) and Government Code §31520.1 and §31520.5.     Not available Not available 25-202.1 1 17.   Consent Item Approve a contract for services with LCS Record Retrieval; authorize the Chief Executive Officer to execute an agreement with LCS in a form approved by Chief Counsel.     Not available Not available 25-203.1 1 18.   Consent Item Approve a contract for services with Access Employment Network (AEN) for vocational assessment services in the context of disability retirement applications; authorize the Chief Executive Officer to execute an agreement with AEN in a form approved by Chief Counsel.     Not available Not available 25-190.1 1 19.   Consent Item Approve and adopt SBCERA Resolution No. 2025-2: Approve the Transfer of 348 W. Hospitality Lane to SBCERA, and the Dissolution of Hospitality Office, Inc.     Not available Not available 25-200.1 1 20.   Consent Item Approve and adopt SBCERA Resolution No. 2025-3: Reconfirming and Restating Inclusion of its Employees within the Coverage of Article 15.6 of County Employees’ Retirement Law.     Not available Not available 25-248 1 21.   Consent Item Approve renewal of property and casualty insurance with Alliant Insurance Services and the Marsh & McLennan Insurance Agency LLC for fiscal year 2025-2026 in an amount not to exceed $497,437 with a contingency of $5,000 to account for any extreme dislocations in the insurance market that might change some of the quotes prior to binding coverage.     Not available Not available 25-199.1 1 22.   Consent Item Approve and adopt updates to Benefits Policy No. 016 (Standard for Determining Whether a Member is Incapable of Gainful Employment).     Not available Not available 25-193.1 1 23.   Consent Item Approve and adopt updates to Education and Training Policy No. 001 (Trustees Education/Training Policy).     Not available Not available 25-194.1 1 24.   Consent Item Approve and adopt updates to General Policy No. 016 (Solicitation).     Not available Not available 25-098.1 1 25.   Consent Item Approve and adopt updates to Administration Policy No. 018 (Staff Performance and Evaluation Planning Policy).     Not available Not available 25-232 1 26.   Action Item Action on Deferred Items from Consent, if any.     Not available Not available 25-196.1 1 27.   Action Item Approve and adopt the proposed Annual Budget for the Fiscal Year Ending June 30, 2026.     Not available Not available 25-253 1 28.   Action Item Approve the Participating Employer Agreement with California State Association of Counties effective July 1, 2025; Authorize the Chief Executive Officer to execute the agreement, subject to non-substantive changes approved by Chief Counsel.     Not available Not available 25-201.1 1 29.   Consent Item Approve and adopt Procedures for SBCERA Administrative Appeal Hearings.     Not available Not available 25-115 1 30.   Information Item Report on the Budget vs Actual Review - For the Third Quarter of the Fiscal Year Ending June 30, 2025 (as of March, 2025).     Not available Not available 25-186.1 1 31.   Information Item Review NEPC’s 2025 Asset Allocation Report and Recommendation.     Not available Not available 25-209 1 32.   Receive and File Report on the Investment Committee meeting conducted on May 8, 2025.     Not available Not available 25-228 1 33.   Receive and File Report on the Administrative Committee meeting conducted on May 22, 2025.     Not available Not available 25-223 1 34.   Receive and File Service Retirements Approved by the Chief Executive Officer.     Not available Not available 25-254 1 35.   Receive and File 2025 Legislative Session Update.     Not available Not available 25-229 1 36.   Executive Report Chief Executive Officer.     Not available Not available 25-213 1 37.   Executive Report Chief Investment Officer.     Not available Not available 25-234 1 38.   Trustees Report Report by the Trustees concerning conferences and other meetings attended (as specified by Education & Training Policy No. 003 - “Trustee Travel and Expense Policy”).     Not available Not available 25-246 1 39.   Other Closed Session Items PUBLIC EMPLOYEE PERFORMANCE EVALUATION (Government Code Section 54957) Title: Chief Counsel     Not available Not available 25-247 1 40.   Other Closed Session Items PUBLIC EMPLOYEE PERFORMANCE EVALUATION (Government Code Section 54957) Title: Chief Executive Officer     Not available Not available 25-233 1 41.   Open Session Report by Counsel on actions taken in Closed Session.     Not available Not available 25-245 1 42.   Action Item Determine whether to award a merit bonus payment to the Chief Counsel, up to one step and ten percent (10%) of her annual base salary.     Not available Not available 25-244 1 43.   Action Item Determine whether to award a merit bonus payment to the Chief Executive Officer, up to ten percent (10%) of her annual base salary.     Not available Not available