PUBLIC EMPLOYEES RETIREMENT ASSOCIATION BOARD

MONTHLY BOARD MEETING

PERA Building

Senator Fabian Chavez, Jr. (PERA) Board Room

33 Plaza La Prensa

Santa Fe, New Mexico 87507

December 30, 2015

After Audit & Budget

Agenda

  1. Pledge of Allegiance
  2. Roll Call
  1. Approval of Agenda
  2. Approval of Consent Agenda
  3. Current Business

Item PRESENTER

A. / Executive Session:
  1. Pending Litigation (The Board will go into Executive Session under NMSA 1978,
Section 10-15-1(H)(7) to discuss the following item).
  1. Logan, et al vs. PERA, PERB et al
/ Susan Pittard, PERA Chief of Staff /General Council
Charles Rennick, Esq.
Robles, Rael & Anaya, P.C.
B. / Chief Investment Officer’s Report
  1. Investment Performance – Nov 2015
  2. Cash Plan Update
  3. Other Updates
/ Jon Grabel,PERA Chief Investment Officer
C. / Action Item: Alternative Asset recommendation for approval, to be funded according to the cash plan and subject to legal review by General Counsel:
  1. Recommendation to Commit up to $150 Million to Passport Fund I, L.P. (PineBridge)
  1. Recommendation to Commit up to $70 Million to Quadrant Enhanced Debt Fund, L.P.
/ Jon Grabel,PERA Chief Investment Officer
LeAnne Larranaga-Ruffy,Director of Equity
Jamie Feidler,Senior Managing Director,Cliffwater
Jon Grabel,PERA Chief Investment Officer
Joaquin Lujan,Director of Rates and Credit
Jamie Feidler,Senior Managing Director,Cliffwater
D. / Executive Director’s Report / Wayne Propst,PERA Executive Director

6.Other Business

7.Adjournment

Any person with a disability who is in need of a reader, amplifier, qualified sign language interpreter, or any other form of auxiliary aid or service to attend or participate in the hearing or meeting, please contact Danna Varela at (505) 476-9305 at least one week prior to the meeting, or as soon as possible. Public documents, including the agenda and minutes, can be provided in various accessible formats. Please contact Ms. Varela if a summary or other type of accessible format is needed.

PUBLIC EMPLOYEES RETIREMENT ASSOCIATION

MONTHLY MEETING

December 30, 2015

CONSENT AGENDA

1.Approval of Minutes: November 19, 2015 Monthly Board Meeting

December 8, 2015 Special Board Meeting

2.Approval of State and Retiree Candidate Contribution Reports

3.Ratification of Retirements – Benefits processed through December 22, 2015.

a.Normald.Non-Duty Death

b.Deferrede.Non-Duty Disability

c.Reciprocity to ERAf.Reciprocity to PERA

4.Affidavits for Free Military Service:

a.Lacey Macias

b.Brandon Levonius

c.Frederick J. Jasler

5.Duty and Non-Duty Death Determinations:

a.Roxanne P. Trujillo, Non-Duty Death

b.Daniel Webster, Duty Death

c. Robert Grand, Non-Duty Death

d. Gerald Drinka, Non-Duty Death

e. Marie F. Bonnell, Non-Duty Death

f.Janice C. Rogers, Non-Duty Death

6.Resolutions:

a.DE BACA FAMILY PRACTICE CLINIC – The De Baca Family Practice Clinic passed resolution No. 2015-05 authorizing employer pick-up of member contributions for determining Tax Treatment under the Internal Revenue Code. The resolution will become effective the first full pay period in January 2016.

b. Town of Springer New Mexico – The Town of Springer New Mexico passed Resolution No. 2016-0106 to adopt the State Plan for Deferred Compensation for participation by its employees.

Setting of Meetings – January, 2016

  1. Special PERA Board Meeting
/ 01/12/2016 / 9:00 a.m. PERA Board Room
  1. Audit & Budget Committee
/ 01/12/2016 / After Special Board Meeting
  1. Rules & Administration Committee
/ 01/12/2016 / After Audit & Budget Committee
  1. Legislative Committee
/ 01/12/2016 / After Rules & Administration Committee
  1. Disability Review Committee
/ 01/12/2016 / 2:00 p.m. PERA Board Room
  1. Investments Committee
/ 01/28/2016 / 9:00 a.m. PERA Board Room
  1. Monthly Board Meeting
/ 01/28/2016 / After Investments Committee
  1. Board Educational Session (Completion Portfolio)
/ 01/12/2016 / 1:30 p.m. (PERA Seminar Room)