Fresno County Board of Retirement s18

FRESNO COUNTY BOARD OF RETIREMENT Wednesday, April 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) - County of Fresno v. Board of Retirement

b. Conference with Legal Counsel – Potential Litigation – pursuant to G.C. §54956.9(b) – based on existing facts and circumstances there is a significant exposure to litigation against the retirement system – 55 “final compensation” claims received

c. Disability Retirement Applications – Personnel Exception (G.C. §54957):

1. Lance Laurendine 2. Betty de la Cruz

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 March 11, 2005 Retirement Board Special Meeting Minutes and the March 16, 2005 Retirement Board Regular Meeting Minutes– RECEIVE AND FILE; APPROVE

*6. Retirements – RECEIVE AND FILE; APPROVE

04/06/05 Regular Meeting 2 Name Department Years Martin J. Bull Sheriff 27.05

04/06/05 Regular Meeting 3 Dolores Cortez General Services 34.18 William Ellis Sheriff 10.00 Catherine Farinelli IT Services Department 27.77 Susan Farrell Administrative Office, Deferred 5.04 Mickie J. Gipe Community Health 15.22 Herclee J. Guidry Employment & Temporary Assistance 12.47 Jerry Haroldsen District Attorney 30.24 Susan M. Holford Valley Medical Center, Deferred 5.13 Chiao Lian Kho Employment & Temporary Assistance 17.32 Rosalie Knight Superior Court 19.02 Kathleen Littlefield Children and Family Services 14.53 Susan E. McKee Children and Family Services 30.01 Connie Navarro Community Health 17.82 Larry R. Newell Valley Medical Center, Deferred 20.40 Rosie Newton Employment & Temporary Assistance 24.71 Jesse Oviedo Probation 30.03 Penny L. Peterson Public Works and Planning 33.38 Lorain Sanchez Valley Medical Center, Deferred 6.40 Phillip J. Sanchez Public Works and Planning 30.55 Nancy W. Silacci Child Support Services 17.08 Surain S. Songer Veterans' Services 31.83 Donna R. Todd Assessor-Recorder 27.56 Linda P. Vance Valley Medical Center, Deferred 16.64 Georganna C. Yeatts Probation 23.02

*7. Deferred Retirements – RECEIVE AND FILE; APPROVE

Name Department Years Cheryl A. Carlson Personnel Services 16.59 Angelle S. Garner Employment & Temporary Assistance 2.87 Jane Gray Public Works and Planning 1.11 Maya J. Hildebrand-Garcia Assessor-Recorder 0.42

*8. Request to Rescind Deferred Retirements – RECEIVE AND FILE; APPROVE

Name Department Years James J. Arent District Attorney 7.86 Gary L. Krcmarik Superior Court 1.34

*9. Most recent investment returns, performance summaries and general investment information from investment managers – RECEIVE AND FILE

*10. Public Record Requests: Shanté Thomas, Rachel Hill, Mike Ruge, Justin Gurney, Henry V. Lopez, Harold Stanislawsky, Shuma Begum – RECEIVE AND FILE

*11. Correspondence sent to retired members with their April paychecks regarding the Cost of Living and Supplemental Cost of Living increase – RECEIVE AND FILE

04/06/05 Regular Meeting 4 *12. Board of Supervisors agenda item regarding request to share half of the cost for the Special Actuarial Report on the impact of the Richman Proposal – RECEIVE AND FILE

*13. Announcement sent to all members regarding FCERA’s new web site – RECEIVE AND FILE

*14. Annual Report of the Fresno County Employees’ Retirement Association for the year ending June 30, 2004 – RECEIVE AND FILE

*15. County Counsel opinion on Alternate Safety Member if no Firefighters in FCERA – RECEIVE AND FILE

*16. Notice of Entry of Judgement on the Alicia Villa small claims case finding in favor of the Retirement Board and releasing Roberto L. Peña as a defendant – RECEIVE AND FILE

*17. Request to Purchase General Services as Safety Time – George Jenkins – RECEIVE AND FILE; APPROVE

*18. Agreement between FCERA and Western Asset Management Company – RECEIVE AND FILE; APPROVE

19. Discussion and appropriate action on the June 30, 2004 Actuarial Valuation draft report presented by Ira Summer, Public Pension Professionals – RECEIVE AND FILE; APPROVE

20. Discussion and appropriate action on Bradford & Marzec, Inc. fixed income strategy and investment guideline changes presented by Scott Garrett, Wurts & Associates – RECEIVE AND FILE; APPROVE

21. Discussion and appropriate action regarding allocation of passive bond index assets presented by Scott Garrett, Wurts & Associates – RECEIVE AND FILE; APPROVE

22. Presentation of the Guideline Compliance Report presented by Scott Garrett, Wurts & Associates – RECEIVE AND FILE; APPROVE

23. Discussion and appropriate action regarding the SACRS 2005 Nominees/Candidates for President, Vice President, Treasurer and Secretary presented by Roberto L. Peña, Retirement Administrator – RECEIVE AND FILE; APPROVE

24. Discussion and appropriate action regarding Voting Proxy for SACRS Spring Conference presented by Roberto L. Peña, Retirement Administrator – RECEIVE AND FILE; APPROVE

25. Report from FCERA Administration

26. Report from County Counsel

04/06/05 Regular Meeting 5 27. Board Member Announcements or Reports

NEXT MEETINGS:

April 20, 2005 – 9:00 AM (Wednesday) Regular Meeting FCERA Boardroom 1111 H Street, Fresno, CA 93721

May 4, 2005 – 9:00 AM (Wednesday) Regular Meeting FCERA Boardroom 1111 H Street, Fresno, CA 93721

Requests for disability-related modification or accommodation needed in order to participate in the meeting should be made to Autumn Henson at 457-0350 no later than Tuesday 4/5/05 at 9:00 AM.

04/06/05 Regular Meeting