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: 11/7/2024 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 (29) 29 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 24-411 1 1.   Recognition View the latest feature in our 'We Are SBCERA' video series.     Not available Not available 24-412 1 2.   Consent Item Approve minutes of regular meeting conducted on October 3, 2024.     Not available Not available 24-429 1 3.   Consent Item Approve minutes of Special Board of Retirement Meeting conducted on October 17, 2024.     Not available Not available 24-430 1 4.   Consent Item Approve minutes of Special Board of Retirement Meeting conducted on October 18, 2024.     Not available Not available 24-405 1 5.   Consent Item Approve the Nonservice-Connected Disability Retirement with Supplemental Retirement Allowance of Yolanda Cervantez - San Bernardino County - Human Services.     Not available Not available 24-410 1 6.   Consent Item Approve the Service-Connected Disability Retirement application of Dominic Moody - San Bernardino County - Human Services.     Not available Not available 23-290.2 1 7.   Consent Item Approve the Service-Connected Disability Retirement with Supplemental Retirement Allowance of Paul E. Stephens - San Bernardino County - Auditor - Controller/Treasurer/Tax-Collector after adjudication of the administrative fact-finding hearing on the service-connected issue.     Not available Not available 24-306.1 1 8.   Consent Item Approve and adopt updates to the Investment Policy No. 007 (Due Diligence Policy).     Not available Not available 24-309.1 1 9.   Consent Item Approve and adopt updates to the Investment Policy No. 009 (Proxy Voting Policy).     Not available Not available 24-310.1 1 10.   Consent Item Approve and adopt updates to the Investment Policy No. 014 (Participation on Advisory Committees/Boards).     Not available Not available 24-428 1 11.   Consent Item Approve the SBCERA Salary Schedule for All Employees effective December 28, 2024 (the pay period including January 1, 2025), reflecting a 1.4% Cost of Living Adjustment.     Not available Not available 24-413 1 12.   Action Item Action on Deferred Items from Consent, if any.     Not available Not available 24-440 1 13.   Other Closed Session Items CONFERENCE WITH LEGAL COUNSEL - ANTICIPATED LITIGATION Significant exposure to litigation pursuant to paragraph (2) of subdivision (d) of Government Code section 54956.9: One Case     Not available Not available 24-445 1 14.   Open Session Report by Counsel on actions taken in Closed Session.     Not available Not available 24-304 1 15.   Action Item Adopt SBCERA Resolution No. 2024-4 - Employer Pay Codes of Employee Compensation.     Not available Not available 24-426 1 16.   Action Item Approve Segal Consulting’s Actuarial Valuation and Review, and related reports, as of June 30, 2024; approve employer and employee contribution rates commencing in July 2025.     Not available Not available 24-281.1 1 17.   Action Item Approve and adopt updates to Actuary & Audit Policy No. 002 (Interest Crediting Procedures and Undesignated Excess Earnings Allocation).     Not available Not available 24-308.1 1 18.   Action Item Approve the creation of a Master Custodial Account (MCA) with AS Birch Grove, subject to final negotiation of legal documents.     Not available Not available 24-431 1 19.   Information Item Presentation by NEPC of their Quarterly Investment Performance Review for the period ending September 30, 2024.     Not available Not available 24-442 1 20.   Information Item Calendar Year 2025 Pensionable Compensation Limit for Tier 2 Members.     Not available Not available 24-444 1 21.   Information Item Action Item on the Agenda at the SACRS Business Meeting to be held at the upcoming Fall Conference on November 15, 2024.     Not available Not available 24-439 1 22.   Receive and File Report on the Investment Committee meeting conducted on October 10, 2024.     Not available Not available 24-406 1 23.   Receive and File Service Retirements and Effective Date Change Approved by the Chief Executive Officer.     Not available Not available 24-414 1 24.   Executive Report Chief Executive Officer.     Not available Not available 24-432 1 25.   Executive Report Chief Investment Officer.     Not available Not available 24-415 1 26.   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 24-376 1 27.   Closed Session Review and determine the Service-Connected Disability Retirement with Supplemental Retirement Allowance of Richard A. Roberts - San Bernardino County - ARMC.     Not available Not available 23-404.1 1 28.   Other Closed Session Items CONFERENCE WITH LEGAL COUNSEL - ANTICIPATED LITIGATION Initiation of litigation pursuant to paragraph (4) of subdivision (d) of Section 54956.9: one case.     Not available Not available 24-416 1 29.   Open Session Report by Counsel on actions taken in Closed Session.     Not available Not available