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: 5/2/2024 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 A video recording of this meeting can be found at: https://sbcera.legistar.com/Calendar.aspx Published agenda: Agenda Published minutes: Not available   Meeting video: Video   Attachments: Meeting Items (41) 41 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 24-113 1 1.   Recognition Commendation to the Retired Employees of San Bernardino County (RESBC) in recognition of their 60th Anniversary.     Not available Video 24-150 1 2.   Consent Item Approve minutes of regular meeting conducted on April 4, 2024.     Not available Not available 24-142 1 3.   Consent Item Approve the Service-Connected Disability Retirement application of Raymond J. Guillen - San Bernardino County - Sheriff.     Not available Not available 24-138 1 4.   Consent Item Approve the Service-Connected Disability Retirement application of Alejandro Prera - San Bernardino County - Sheriff.     Not available Not available 24-162 1 5.   Consent Item Approve the Service-Connected Disability Retirement application of Robert J. Wickum - San Bernardino County - Sheriff.     Not available Not available 24-137 1 6.   Consent Item Adopt SBCERA Resolution No. 2024-2 - Employer Pay Codes of Employee Compensation.     Not available Not available 24-170 1 7.   Action Item Action on Deferred Items from Consent, if any.     Not available Not available 24-169 1 8.   Action Item Approve the request to extend employment of Charles Abney from May 4, 2024 to November 1, 2025 because an extreme necessity exists to continue the retiree’s employment beyond the 18-month limit, and thus the standards of SBCERA Board Benefits Policy No. 032 “Retirees Returning to Work,” have been met.     Not available Video 24-126 1 9.   Action Item Approve an agreement with MK Election Services, LLC for Contracted Election Services for the elections from 2024 through 2028.     Not available Video 24-140 1 10.   Action Item Approve the Actuarial Audit prepared by Cavanaugh Macdonald Consulting, LLCs of the June 30, 2023 Actuarial Valuation and Review, Survivor Benefit, and GASB 67 Valuation.     Not available Video 24-139 1 11.   Action Item Approve a Actuarially Recommended Ad Hoc Adjustment to the Asset Smoothing Method for the Actuarial Valuation as of June 30, 2024.     Not available Video 24-141 1 12.   Action Item Approve SBCERA Actuary and Audit Policy No. 003 (Actuarial Funding Policy).     Not available Video 24-084.1 1 13.   Information Item 2024 Preliminary Asset Allocation Review.     Not available Video 24-084.1 1 13.   Information Item 2024 Preliminary Asset Allocation Review.     Not available Video 24-152 1 14.   Information Item Presentation by NEPC of their Quarterly Investment Performance Review for the period ending March 31, 2024.     Not available Video 24-085.1 1 15.   Information Item Cost Effectiveness and Fee Analysis by NEPC.     Not available Video 24-163 1 16.   Information Item Provide direction to SBCERA Trustee appointed as voting delegate for the SACRS Business Meeting to be held at the upcoming SACRS Spring Conference on May 10, 2024.     Not available Not available 24-153 1 17.   Receive and File Report on the Investment Committee meeting conducted on April 11, 2024.     Not available Not available 24-144 1 18.   Receive and File Report on the Executive Committee meeting conducted on April 16, 2024.     Not available Not available 24-145 1 19.   Receive and File Report on the Executive Committee meeting conducted on April 23, 2024.     Not available Not available 24-160 1 20.   Receive and File Service Retirements Approved by the Chief Executive Officer.     Not available Not available 24-044.1 1 21.   Receive and File Investment Records Management Project Update.     Not available Not available 24-086.1 1 22.   Receive and File SBCERA Investment Fee and Expense Review.     Not available Not available 24-087.1 1 23.   Receive and File Annual Alternative Investment Fee Disclosures in Compliance with California Government Code §7514.7.     Not available Not available 24-171 1 24.   Executive Report Chief Executive Officer.     Not available Video 24-166 1 25.   Executive Report Chief Counsel.     Not available Video 24-151 1 26.   Executive Report Chief Investment Officer.     Not available Video 21-172.2 1 27.   Closed Session Approve and adopt the proposed findings and recommendations of the referee regarding the Service-Connected Disability Retirement of Jeffrey Bohner - San Bernardino County - Sheriff     Not available Video 22-319.2 1 28.   Closed Session Approve and adopt the proposed findings and recommendations of the referee regarding the Nonservice-Connected Disability Retirement with Supplemental Retirement Allowance of Ray Cervantes - San Bernardino County - Purchasing     Not available Video 24-106 1 29.   Closed Session Review and determine the Service-Connected Disability Retirement with Supplemental Retirement Allowance of Debra Farr - San Bernardino County - Arrowhead Regional Medical Center.     Not available Video 24-089 1 30.   Closed Session Review and determine the Service-Connected Disability Retirement application of Marcia C. Houston - San Bernardino County - Sheriff.     Not available Video 24-129 1 31.   Closed Session Review and determine the Service-Connected Disability Retirement application of Ken Marshall - San Bernardino County - Sheriff.     Not available Video 24-092 1 32.   Closed Session Review and determine the Service-Connected Disability Retirement application of Shelisa Williams - San Bernardino County - Sheriff.     Not available Video 24-164 1 33.   Other Closed Session Items PUBLIC EMPLOYEE PERFORMANCE EVALUATION (Government Code Section 54957) Title: Chief Executive Officer     Not available Video 24-164 1 33.   Other Closed Session Items PUBLIC EMPLOYEE PERFORMANCE EVALUATION (Government Code Section 54957) Title: Chief Executive Officer     Not available Video 24-165 1 34.   Other Closed Session Items PUBLIC EMPLOYEE PERFORMANCE EVALUATION (Government Code Section 54957) Title: Chief Counsel     Not available Not available 24-168 1 35.   Other Closed Session Items CONFERENCE WITH LEGAL COUNSEL - ANTICIPATED LITIGATION Significant exposure to litigation pursuant to paragraph (2) of subdivision (d) of Section 54956.9: one case.     Not available Video 24-127.1 1 36.   Other Closed Session Items Purchase or sale of particular, specific pension fund investments pursuant to Government Code Section 54956.81.     Not available Video 24-172 1 37.   Open Session Report by Counsel on actions taken in Closed Session.     Not available Video 24-172 1 37.   Open Session Report by Counsel on actions taken in Closed Session.     Not available Video 24-173 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 Video