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FRESNO COUNTY BOARD OF RETIREMENT
Wednesday, August 3, 2005 – 9:00 AM
FCERA Boardroom
1111 H Street
Fresno, CA 93721
AGENDA
1. Call to Order
2. 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.
*3. Approval of the July 20, 2005 Retirement Board Regular and Closed Session Meeting Minutes and the July 22, 2005 Retirement Board Special Meeting Minutes – RECEIVE AND FILE; APPROVE
*4. Retirements – RECEIVE AND FILE; APPROVE
Name
/Department
/Years
Jan Benbrook / Probation / 32.24Sandra L. Castaneda / E&TA, Deferred / 26.08
Rudy S. Chavez / Probation, Deferred / 5.11
Anna L. Clayton / Library / 31.02
Linda S. Donaldson / Probation / 35.65
Celester G. Few / Probation / 28.52
Gloria A. Garland / Board of Supervisors, Deferred / 8.85
Francis E. Grigsby / E&TA / 8.56
Nancy J. Hedge / Children & Family Serv., Deferred / 9.70
Autumn L. Henson / Retirement Association / 14.77
Penny Hoester / Child Support Services / 18.16
Ronald A. Jackson / Sheriff / 16.02
Janice D. Johnson / Children & Family Serv., Deferred / 7.43
Morgan M. Jordan / Library, Deferred / 6.21
Dennis Katanik / Public Works and Planning / 10.04
Marilyn D. Krum / District Attorney, Deferred / 0.03
Gary Martin / Sheriff / 10.20
Edward L. Means / District Attorney / 10.03
Joyce Morris / Valley Medical Center, Deferred / 6.21
Expedito O. Navarro / Child Support Services / 21.11
Ruth L. Ozaeta / Superior Court, Deferred / 10.93
Dennis R. Plumb / IT Services Department, Deferred / 16.13
Mary M. Regan / Valley Medical Center, Deferred / 7.13
Paula R. Reinhardt / Valley Medical Center, Deferred / 10.92
Kathy Richardson / Board of Supervisors / 30.78
Ralph A. Salcido, Jr. / Public Defender / 16.05
Hugh Francis Stallworth / Community Health, Deferred / 3.44
Jeffrey W. Stover / Personnel Services / 25.61
Jose R. Villarreal / Public Defender, Deferred / 13.96
Ralph Yarbrough / General Services / 16.79
Charlene I. Ynson / Superior Court / 31.34
*5. Deferred Retirements – RECEIVE AND FILE; APPROVE
Name
/Department
/Years
Magdalena Armistead / Child and Family Services / 11.40Luis H. Benavidez / Community Health / 16.03
Elena E. Camaras / District Attorney / 1.03
Carolyn R. Cherry / FMAAA / 7.04
Lee Daugherty / NCFPD / 8.67
Monica DeLaCerda / Superior Court / 5.42
Stuart G. Farley / Public Works and Planning / 5.04
Brenda Grant / Child Support Services / 6.31
Harry D. Jayne / Public Works and Planning / 9.51
Donald V. Lozano / Probation / 1.80
Saysamone Medrano / Children and Family Services / 3.31
Corrina L. Nunez / Public Works and Planning / 5.25
Heidi L. Porter-Szakala / Probation / 6.03
Doreen Sanchez / General Services / 13.79
Rita J. Townsend / Community Health / 4.30
Robert R. Trudgen / District Attorney / 3.90
*6. Most recent investment returns, performance summaries and general investment information from investment managers – RECEIVE AND FILE
*7. Public Records Requests and/or Retirement Related Information from Larry Foos, SDCERA, Shuma Begum, Private Equity Intelligence, Kerri Ginis, The Fresno Bee (2 requests), Bob Miller, Retiree – RECEIVE AND FILE
*8. Updates to the Trustee Binder – Retirement Board Roster, Committee List and Investment Policy for Bradford & Marzec – RECEIVE AND FILE
*9. Correspondence from Barbara Booth Grunwald regarding Gifts to Members of Official’s Immediate Family – RECEIVE AND FILE
*10. Tier-I and Tier-II Retirement Option – Letter and Forms for Safety and General Members to be distributed by Staff Development and Training Division of the Fresno County Personnel Services Department – RECEIVE AND FILE
*11. Correspondence from Harvey Leiderman of Steefel, Levitt & Weiss regarding inaccuracy of July 26, 2005 Fresno Bee article, Trustee’s eligibility for board questioned – RECEIVE AND FILE
*12. Correspondence from Wurts & Associates’ Manager Research Group regarding Brandywine Asset Management and Western Asset Management’s parent company’s (Legg Mason) acquisition of Citigroup’s worldwide asset management business – RECEIVE AND FILE
*13. Correspondence from Wurts & Associates regarding departure of Franklin Templeton Investments’ President and Co-CEO, Martin Flanagan - RECEIVE AND FILE
*14. FCERA Trustee Education, Travel, and Due Diligence Policies – RECEIVE AND FILE; APPROVE
*15. Attendance at the 15th Annual Benefits/Retirement Training Seminar by Ronald S. Frye approved by Roberto L. Peña due to the time constraints for submission to the Board for approval – RECEIVE AND FILE; APPROVE
*16. Inter-Agency Agreement with Fresno County General Services for Maintenance Services to FCERA properties (Fresno Station Business Center and the FCERA Administration Building) on an as needed basis for the period July 1, 2005 through June 30, 2006 – RECEIVE AND FILE; APPROVE
17. Performance and Economic Summary report presented by Jim Failor, Client Relations and William Nemereuer, Co-Manger Global Fixed Income, Grantham, Mayo, Van Otterloo & Co., LLC – RECEIVE AND FILE
18. Discussion and appropriate action on Cost of Living benefit calculation component of the Temporary Annuity Option (TAO) presented by Ira Summer of Public Pension Professionals – RECEIVE AND FILE; APPROVE
19. Discussion and appropriate action on Countywide notification of Retirement Board agendas that include retirement benefit items for discussion – RECEIVE AND FILE; APPROVE
20. Closed Session:
a. Conference with Legal Counsel – Actual Litigation - pursuant to G.C. §54956.9(a) - County of Fresno v. Board of Retirement
b. Conference with Legal Counsel - Anticipated Litigation - pursuant to G.C. §54956.9(c) - initiation of litigation by FCERA - one potential case
c. Conference with Legal Counsel – Pending Litigation – Pursuant to G.C. §54956.9(a) – Worldcom – Case No. 02CIV3288
21. Report from Closed Session
22. Report from FCERA Administration
23. Report from County Counsel
24. Board Member Announcements or Reports
NEXT MEETINGS:
August 17, 2005 – 9:00 AM (Wednesday)
Regular Meeting
FCERA Boardroom
1111 H Street, Fresno, CA 93721
September 8, 2005 – 9:00 AM (Wednesday)
Regular Meeting
FCERA Boardroom
1111 H Street, Fresno, CA 93721
08/03/05 Regular Meeting