Santa Barbara County Employees Retirement System
Last published on Sep 19, 2024 03:04 PM PDT
September 25, 2024 Board of Retirement Meeting
SBCERS Board Room, 130 Robin Hill Road, Suite 100, Goleta, CA 93117
Agenda
September 25, 2024 Board of Retirement Meeting Agenda
Roll Call at 9:00 a.m.
Pledge of Allegiance
Public Comment
Approval of the Minutes
August 28, 2024 Board of Retirement Meeting Minutes
1.
Consent
1.1.
Retirement Report for August 2024
August 2024 Retirement Report
1.2.
Trustee Training Opportunities
Trustee Training Opportunities - September 2024
1.3.
Transaction Cost Analysis Reports
a - Abel Noser -US Summary Annual As of 2Q24
b - Abel Noser - Global Summary - Annual 2Q24
c - Klarity - FX TCA Reporting FY24
2.
Disability Retirement – Closed Session
2.1.
Kathy Torres, Applicant for Service-connected Disability Retirement
2.2.
Gena Valentine, Applicant for Service-connected Disability Retirement.
2.3.
Gustav Roepke, Applicant for Non-service-connected Disability Retirement.
2.4.
Receive and file Disability Retirement Monthly Status Report.
3.
Open Session
Board
3.1.
CEO Operations Report
Operations Report - September 2024
Education Training Report as of September 2024
RHR Financials
August 2024 Benefits Statistics
3.2.
Retiree Extra Help Appointment
Extra Help Retiree Appointment - Cindy Menegon
3.3.
Approval of Earning Codes: SPB, IPD, and TRI
SPB IPD TRI - Earning Code Cover
a - SPB - Special Duty Pay 2.5
b - SPB Memorandum for Earning Code Determination
c - IPD - Incentive Pay for Defense Investigator I
d - IPD Memorandum for Earning Code Determination
e - TRI - Trilingual
f - TRI Memorandum for Earning Code Determination
g - 2024 SPB, IPD, TRI Recommendation Table
h - SPB IPD TRI Compensation Earnable and Pensionable Compensation Resolution
i - Pensionable County Earning Codes - September 2024 additions
3.4.
Approval of Earning Codes: SDP, SDS, and SDL
SDP SDS SDL - Earning Code Cover
a - SDP - Special Duty Pay Presidential Elections 15%
b - SDS - Special Duty Pay State/County Elections 10%
c - SDL - Special Duty Pay Local District Elections 5%
d - Memorandum for Earning Code Determination - SDP SDS and SDL
e - 2024 SDP, SDS, SDL Recommendation Table
f - Resolution 2024-05 - SDP SDS SDL
g - Non-Pensionable County Earning Codes - September 2024 Additions
Investments
3.5.
Market Update and August 31, 2024 Performance Analysis
Preliminary Monthly Investment Performance Analysis - SBCERS August 2024 - Cover Memo
a - INV - RVK - Preliminary Monthly Investment Performance Analysis August 2024
Break
3.6.
CLOSED SESSION: Conference with Staff, Consultants, and Investment Manager to Consider the Purchase of a Particular, Specific Fund Investment
3.7.
Consultant Oversight Review
2024 Consultant Oversight Review
a. Investment Consultant Oversight Policy 2024
b. RVK Response to Due Diligence Questionnaire
c. RVK Leadership Transition Press Release
d. Hamilton Lane - Annual Due Diligence Questionnaire
e. Exhibit #1 - Hamilton Lane - Organizational Chart
f. Exhibit #1 - Hamilton Lane - Structure Chart
g. Exhibit #2 - Hamilton Lane Business Continuation Plan - North America
h. Exhibit #3 - Hamilton Lane Compliance Manual
i. Exhibit #4 - Hamilton Lane Code of Ethics
j. Exhibit #5 - Hamilton Lane Professional Biographies
k. Exhibit #6 - Hamilton Lane Legal Biographies
l. Exhibit #7 - Form ADV Part 1 Links (SEC Website and PDF Download)
Lunch
3.8.
Board Education - U.S. Economic Update
Board Education - Mellon US Economic Update - Cover Memo
a - Mellon Presentation
Meeting Concludes