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FRESNO COUNTY BOARD OF RETIREMENT
Wednesday, July 6, 2005 – 9:00 AM
FCERA Boardroom
1111 H Street
Fresno, CA 93721
AGENDA
1. Call to Order
2. Closed Session:
a. Conference with Legal Counsel – Actual Litigation - pursuant to G.C. §54956.9(a)
1. County of Fresno v. Board of Retirement
3. Report from Closed Session
4. Public Presentations – Any member of the public may address the Retirement Board on any topic within the jurisdiction of the Retirement Board. Individual presentations shall be limited to five (5) minutes. The Retirement Board is generally legally prohibited from taking any action on presentations until a subsequent meeting.
Consent Agenda/Opportunity for Public Comment: All items listed with an asterisk (*) are considered to be routine and non-controversial by staff and will be approved by one motion if no member of the Board or public wishes to comment or ask questions. If comment or discussion is desired by anyone, the item will be removed from the consent agenda and will be considered in the listed sequence with an opportunity for any member of the public to address the Board concerning the item before action is taken. Staff recommendations are shown in caps after each item.
*5. Approval of the June 15, 2005 Retirement Board Regular Meeting Minutes – RECEIVE AND FILE; APPROVE
*6. Retirements – RECEIVE AND FILE; APPROVE
Name
/Department
/Years
Randy Albright / General Services / 8.78Marie Arnest / Valley Medical Center, Deferred / 14.11
Paul R. DeSantiago / Employment & Temporary Assist. / 14.26
Michael J. Donahue / Public Works and Planning, Deferred / 17.44
Kausandra Edmond / Employment & Temp. Assist., Deferred / 15.43
Estela Flores / Valley Medical Center, Deferred / 14.27
Richard Granado / General Services / 19.97
Elvira N. Guerra / Superior Court / 20.19
Gerald A. Hockett / Agriculture, Deferred / 13.90
Nancy E. Kops / Public Defender / 28.40
Roy A. Kubley / Public Works and Planning / 32.04
Victor I. McKinney / Fleet Services / 10.02
Michael P. Moon / Child Support Services / 31.27
Leonor Pantoja / Employment & Temporary Assist. / 10.44
*7. Deferred Retirements – RECEIVE AND FILE; APPROVE
Name
/Department
/Years
Gerard Fernandez / Children and Family Services / 1.43*8. Request to Rescind Deferred Retirement – RECEIVE AND FILE; APPROVE
Name
/Department
/Years
Larra L. Robertson / Public Works and Planning / 3.01*9. Disability Retirements – RECEIVE AND FILE; APPROVE
Name
/Department
/Years
Frances Grigsby / Employment & Temporary, Assist. / 8.71Gary Henson / North Central Fire Protection District / 28.86
*10. Request to Purchase General Service as Safety Time – RECEIVE AND FILE; APPROVE
1. John Byas
2. Edgar B. Mateo
3. Matthew Millson
4. Sergio Toscano
*11. Most recent investment returns, performance summaries and general investment information from investment managers – RECEIVE AND FILE
*12. Public Records Requests from Kerri Ginis, The Fresno Bee, John H. Swenning, Sr., Retired Member, Fresno Sheriff’s Department, Doug Hogel, Astec Consulting Group – RECEIVE AND FILE
*13. Correspondence from Todd W. Burns, Lynch, Jones & Ryan and Carey S. Pack, BNY Brokerage Inc., regarding an update on the anticipated acquisition of Lynch, Jones & Ryan, Inc. by BNY Brokerage Inc. – RECEIVE AND FILE
*14. Correspondence from Adam Spector, Brandywine and James Hirschmann, Western Asset Management regarding the acquisition of Citigroup’s worldwide asset management business by their parent firm, Legg Mason – RECEIVE AND FILE
*15. Public Fund Universe Analysis Report for the period ending December 31, 2004 by R.V. Kuhns & Associates, a registered investment advisor with the Securities Exchange Commission, of 85 of the largest public funds nationwide – RECEIVE AND FILE
*16. Press Release regarding SACRS vote to oppose proposed legislation to close California’s Public Defined Benefit Plans – RECEIVE AND FILE
*17. Fresno County Employees’ Retirement Association final Actuarial Valuation as of June 30, 2004 – RECEIVE AND FILE
*18. Correspondence e-mailed to all active FCERA Members, Special Districts, and Employee Organizations regarding the 2005-06 retirement contribution rate increases – RECEIVE AND FILE
*19. FCERA Unaudited Financial Statements for the nine month period ended March 2005 – RECEIVE AND FILE
*20. Financial Statements for the Fresno Station for the period January 31, 2005 through March 31, 2005 – RECEIVE AND FILE
*21. Request to use the FCERA Boardroom for the Zoo Authority Meetings on the fourth Wednesday of each month beginning August 24, 2005 submitted by John W. Weiser, Fresno County Principal Administrative Analyst – RECEIVE AND FILE; APPROVE
*22. Discussion and appropriate action on Wellington Management Company’s request to revise their guidelines to include investments in S&P 500 Exchange Traded Funds (ETFs) and Russell 1000 Value ETFs presented by Jeffrey MacLean, Wurts & Associates – RECEIVE AND FILE; APPROVE
23. Discussion and appropriate action on due diligence visits and recommendation on the selection of International Equity Manager presented by Jeffrey MacLean, Wurts & Associates and Roberto L. Peña, Retirement Administrator – RECEIVE AND FILE; APPROVE
24. Discussion and appropriate action on due diligence visits and recommendation on the selection of Emerging Market Manager presented by Jeffrey MacLean, Wurts & Associates and Roberto L. Peña, Retirement Administrator – RECEIVE AND FILE; APPROVE
25. Discussion and appropriate action on update of the Transition Management firm search presented by Jeffrey MacLean, Wurts & Associates – RECEIVE AND FILE; APPROVE
26. Discussion and appropriate action on schedule of future Investment Manager presentations to the FCERA Board presented by Jeffrey MacLean, Wurts & Associates – RECEIVE AND FILE; APPROVE
27. Presentation regarding on site visit with Aronson + Johnson + Ortiz (AJO) presented by Jeffrey MacLean, Wurts & Associates – RECEIVE AND FILE
28. Update on the progress of liquidation of DT Capital Partners, L.P. presented by Jeffrey MacLean, Wurts & Associates – RECEIVE AND FILE; APPROVE
29. Discussion and appropriate action regarding correspondence from James R. Dodd, Sr. Vice President of Fifth Third Bank presented by Roberto L. Peña, Retirement Administrator – RECEIVE AND FILE; APPROVE
30. Discussion and appropriate action on bids for signs on the FCERA Administration Building presented by Becky Van Wyk, Chief Accountant – RECEIVE AND FILE; APPROVE
31. Report from FCERA Administration
32. Report from County Counsel
33. Board Member Announcements or Reports
NEXT MEETINGS:
July 20, 2005 – 9:00 AM (Wednesday)
Regular Meeting
FCERA Boardroom
1111 H Street, Fresno, CA 93721
July 22, 2005 – 9:00 AM (Friday)
Special Meeting
FCERA Boardroom
1111 H Street, Fresno, CA 93721
August 3, 2005 – 9:00 AM (Wednesday)
Regular Meeting
FCERA Boardroom
1111 H Street, Fresno, CA 93721
August 17, 2005 – 9:00 AM (Wednesday)
Regular Meeting
FCERA Boardroom
1111 H Street, Fresno, CA 93721
07/06/05 Regular Meeting