Educational Retirement Board

EDUCATIONAL RETIREMENT BOARD MEETING ERB Albuquerque Office 6201 Uptown Boulevard, Suite 203 Albuquerque, NM 87501 Friday, April 24, 2015 9:00 a.m.

AGENDA

1. Procedural Items: a. Roll Call/Ascertain Quorum b. Approval of Agenda (A) c. Approval of Minutes – February 27, 2015 (A) d. Introduction of Guests

2. Consent Agenda: a. Board Travel: (A)

3. Investment Reports: Bob Jacksha, Chief Investment Officer a. Investment Committee Report b. Other Investment Reports

4. Approval of Committee Charters: Chris Bulman, General Counsel a. Investment Committee (A) b. Audit Committee (A)

5. Fiscal Year 2015 3rd Quarter Budget Report: Dianne Rossbach, Chief Financial Officer

6. FY16 Budget Investment Management fees: Bradley Day, Trustee

7. Outsourcing of Member Services Discussion: Bradley Day, Trustee

8. Alternative Retirement Plan: a. ARP Committee Report: Beulah Woodfin, Trustee b. Discussion of 3% employer contribution to Defined Benefit Plan: Beulah Woodfin, Trustee c. Amendment to Operations Manual regarding tax status: Chris Bulman (A) d. Extension of Service Provider contracts (TIAA-CREF and Fidelity): Chris Bulman (A)

9. Final Action on Proposed Rule Changes: Chris Bulman, General Counsel (A)

10. Age & Service Retirements: Rick Scroggins, Deputy Director (A)

11. Disability Retirements: Rick Scroggins, Deputy Director (A) 12. Director’s Report: Jan Goodwin, Executive Director a. Retirement season update b. Interest overpayment update c. Equipment Disposal (A) d. Other

13. Executive Session: Joseph Dworak, Assistant Attorney General Deliberations regarding the Hearing Officer’s Recommended Decisions in the following Administrative Appeals (session closed pursuant to NMSA 1978, Section 10-15-1(H)(3)): a. Appeal of Andrew J. Kaczmarek b. Appeal of Robert Carrick c. Appeal of Donna Gibson d. Appeal of Muhammad Ali Rana, M.D.

14. Action from Executive Session (A)

15. Next Meeting: Friday, June 12, 2015 – Albuquerque

16. Adjourn (A)

Please send any suggestions for the June Board Meeting Agenda to Executive Director Jan Goodwin by Friday, May 29, 2015.

If the meeting is still going at 12:30 pm, there will be a 30-minute meal break.