Board of Administration Agenda September 21, 2022

The CalPERS Board of Administration considers recommendations from individual Board committees and hears other matters related to the administration of retirement benefits and investment management.

(Agenda items are provided in a PDF format, which require Adobe Reader 8 or higher to view.)

Items designated for Information are appropriate for Action if the Board wishes to take action. Any Agenda Item from a properly noticed Committee meeting, held prior to this Board meeting, may be considered by the Board. The hour designated as the earliest starting time for this meeting is not intended to communicate the expected duration (or ending time) of the preceding meeting. Public comment may be taken on agenda items in accordance with applicable law. Public comment will not be taken on agenda items relating to the administrative adjudication of individual cases. There is a three- minute limitation on each public comment, unless otherwise directed by the Presiding Officer. (Cal. Code Regs. tit 2, § 552.1.) Members of the public may provide public comment via telephone by calling (800) 259-4105. Pursuant to Government Code section 11133 (added by Stats. 2022, ch. 48 § 20), Board members may participate via teleconference.

November 16, 2022

View November 16, 2022 Board of Administration Open Session Meeting Transcript (PDF)

Open Session

9:00 a.m.

1. Item
   1. Call to Order and Roll Call

Closed Session

Upon Adjournment or Recess of Open Session (Government Code sections 11126(a)(1), (c)(17), (e), (g)(1), and (h))

1. Item
   1. Chief Executive Officer’s Briefing on Performance, Employment, and Personnel Items
   2. Committee Reports and Actions

Open Session

9:00 am

Or upon Adjournment of the Closed Session – Whichever is later

1. Item
   1. Call to Order and Roll Call
   2. Pledge of Allegiance Theresa Taylor
   3. Board President’s Report Theresa Taylor
   4. Chief Executive Officer’s Report (Verbal) Marcie Frost
   5. Action Consent Items Theresa Taylor
      1. Approval of the September 21, 2022, Board of Administration Meeting Minutes
      2. Board Travel Approvals
         1. Attachment 1 (PDF)
         2. Attachment 2 (PDF)
         3. Attachment 3 (PDF)
         4. Attachment 4 (PDF)
         5. Attachment 5 (PDF)
      3. Approval of the November 16, 2022, Board of Administration Timed Agenda
   6. Information Consent Items Theresa Taylor
      1. Board Meeting Calendar
      2. Draft Agenda for the February 14, 2023, Board of Administration Meeting
      3. General Counsel’s Report
         1. Attachment 1 (PDF)
      4. Communications and Stakeholder Relations
         1. Attachment 1 (PDF)
         2. Attachment 2 (PDF)
      5. 2021-22 Fiscal Year-End Compensation for Statutory Positions
         1. Attachment 1 (PDF)
         2. Attachment 2 (PDF)
   7. Committee Reports and Actions
      1. Investment Committee (PDF)
      2. Pension & Health Benefits Committee (PDF)
      3. Finance & Administration Committee (PDF)
      4. Performance, Compensation & Talent Management Committee (Verbal) Rob Feckner
      5. Risk & Audit Committee (PDF)
      6. Board Governance Committee (PDF)
   8. Action Agenda Items
      1. Proposed Decisions of Administrative Law Judges Theresa Taylor
         1. Nancy Dubon
            1. Attachment A (PDF)
            2. Attachment B (PDF)
            3. Attachment C (PDF)
         2. Roberto Martinez Jr.
            1. Attachment A (PDF)
            2. Attachment B (PDF)
            3. Attachment C (PDF)
         3. John Deis
            1. Attachment A (PDF)
            2. Attachment B (PDF)
            3. Attachment C (PDF)
         4. Jean K. Spees
            1. Attachment A (PDF)
            2. Attachment B (PDF)
            3. Attachment C (PDF)
         5. Nicholas R. Meigs
            1. Attachment A (PDF)
            2. Attachment B (PDF)
            3. Attachment C (PDF)
         6. Tyler Diamond, Alex Duncan, & Ryan P. Lawrence
            1. Attachment A (PDF)
            2. Attachment B (PDF)
            3. Attachment C (PDF)
         7. Philip F. Ketterle
            1. Attachment A (PDF)
            2. Attachment B (PDF)
            3. Attachment C (PDF)
         8. Dana Sutton Kennedy
            1. Attachment A (PDF)
            2. Attachment B (PDF)
            3. Attachment C (PDF)
         9. Matthew Jeffery Allendorph
            1. Attachment A (PDF)
            2. Attachment B (PDF)
            3. Attachment C (PDF)
         10. John A. Cano
             1. Attachment A (PDF)
             2. Attachment B (PDF)
             3. Attachment C (PDF)
         11. Stephen B. Meadows
             1. Attachment A (PDF)
             2. Attachment B (PDF)
             3. Attachment C (PDF)
         12. William F. Rylaarsdam (Rylaarsdam Family Trust)
             1. Attachment A (PDF)
             2. Attachment B (PDF)
             3. Attachment C (PDF)
         13. Juliet Kharileh
             1. Attachment A
             2. Attachment B
             3. Attachment C
      2. Petitions for Reconsideration Theresa Taylor
         1. Robert J. Gardner
            1. Attachment A (PDF)
            2. Attachment B (PDF)
            3. Attachment C (PDF)
            4. Attachment D (PDF)
            5. Attachment E (PDF)
         2. Donald White
            1. Attachment A (PDF)
            2. Attachment B (PDF)
            3. Attachment C (PDF)
            4. Attachment D (PDF)
            5. Attachment E (PDF)
      3. State Legislative Proposal: Technical and Clarifying Amendments to the Public Employees’ Retirement Law Danny Brown
   9. Information Agenda Items
      1. State and Federal Legislation Update Danny Brown
         1. Attachment 1 (PDF)
      2. Summary of Board Direction Marcie Frost
      3. Public Comment
   10. Approval to Meet in Closed Session Pursuant to Government Code Section 11126(c)(18)(A)Theresa Taylor

Closed Session

Upon Adjournment or Recess of Open Session (Government Code sections 11126(a)(1), (c)(18)(A),(c)(17),(e), and (g)(1))

1. Item
   1. Call to Order and Roll Call
   2. Approval of the September 21, 2022, Board of Administration Closed Session Meeting Minutes
   3. Information Security Update and Cybersecurity Briefing Al Arboleda
   4. Litigation MattersMatthew Jacobs
      1. Wedding, et al. v. CalPERS, et al. (Los Angeles County Superior Court, Case No. BC517444)
      2. Granda v. CalPERS (Eastern District of California Case No.: 2:21-CV-01256)
      3. General Counsel's Update on Pending Litigation

Open Session

Upon adjournment of Closed Session item

1. Item
   1. Report out on Information Security Update and Cybersecurity Briefing
   2. Adjournment of Meeting