Fresno County Board of Retirement s7

BOARD OF RETIREMENT FRESNO COUNTY EMPLOYEES’ RETIREMENT ASSOCIATION

Wednesday, August 1, 2007 – 8:30 AM

FCERA Boardroom 1111 H Street Fresno, CA 93721

AGENDA

1. Call to Order

2. Pledge of Allegiance

3. Presentation of Plaque to William Storey for over 1 year of service as Trustee for the Board of Retirement of the Fresno County Employees’ Retirement Association.

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.

5. Discussion and appropriate action on appointments to the Retirement Board Standing Committees: Audit, Budget, Disability, and Personnel – RECEIVE AND FILE; APPROVE

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.

*6. Approve the July 18, 2007 Retirement Board Regular Meeting Minutes – RECEIVE AND FILE; APPROVE

*7. Retirements – RECEIVE AND FILE; APPROVE

Nancy Jolene Arnold Superior Court 22.77 John Burrola Children & Family Services 10.00 Steven C. Carrillo E&TA 10.11 Lois Ceja VMC, Deferred 13.15 David Church Public Works & Planning 29.18 Kathleen M. Flanders Community Health, Deferred 20.96 Paul N. Gonzales VMC, Deferred 2.42 Robert B. Goodrich Sheriff 22.07 08/01/07 Regular Meeting 2 Richard S. Guardado Sheriff, Deferred 20.19 Juanita Kallal E&TA, Deferred 18.93 Connie Kellogg VMC, Deferred 12.81 Mary Helen Martinez Behavioral Health 27.61 Mary Negrete Superior Court 17.98 Ellen M. Okada Administrative Office 32.79 Diane Schafer Behavioral Health 15.85 Lowell L. Thomas VMC, Deferred 18.44 Joseph Torres Child Support Svs, Deferred 16.58 Rosemary C. Williams E&TA 20.51 Xing Yang Child Support Services 13.26 Amelia Zuniga Sheriff 15.60

*8. Disability Retirements – RECEIVE AND FILE; APPROVE

Ray J. Ramos Library 3.88 Juan A. Gonzalez, Jr. Sheriff 8.78

*9. Deferred Retirements – RECEIVE AND FILE; APPROVE

Rafael Alonso, Jr. Community Health 4.61 Susan Conell Public Works and Planning 5.57 Jose Ferrer Sheriff 13.80 Dennis Gregg Superior Court 33.10 Soua Herr Children & Family Services 8.58 Johannes J. Hoevertsz Public Works & Planning 6.66 Paul N. Hulak Community Health 9.43 Russell C. Kolander General Services 4.19 Joaquin Leyva Probation 4.81 Crystal Padilla Administrative Office 7.83 Theresia L. Rogerson Community Health 0.81 Milinda Saldivar Community Health 10.94 Jesus F. Santillan Probation 4.26 Ronald D. Stevens Children & Family Services 7.90

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

 Blackrock Investment (Acrobat reader required)

 Bradford Investment (Acrobat reader required)

 Credit Suisse (Acrobat reader required)

 GMO Investment (Acrobat reader required)

 Intech Investment (Acrobat reader required)

 Lynch Investment (Acrobat reader required) 08/01/07 Regular Meeting 3  Sentinel Investment (Acrobat reader required)

 Templeton Investment (Acrobat reader required)

*11. Public Records Requests and/or Retirement Related Information Requests from Ron Madsen, Retired FCERA Member; Martin Pell, Sonoma County Employees’ Retirement Association; Randolfo Hernandez, Active FCERA Member; and various FCERA Members regarding the COLA UAAL refund – RECEIVE AND FILE

 PRA Hernandez (Acrobat reader required)

 PRA Madsen (Acrobat reader required)

 PRA Pell (Acrobat reader required)

 PRA Various Refund (Acrobat reader required)

*12. Trustee Binder Updates – RECEIVE AND FILE

 Board Governance Policy (Acrobat reader required)

 FCERA Organizational Chart (Acrobat reader required)

 FCERA 2007-08 Budget part 1 (Acrobat reader required)

 FCERA 2007-08 Budget Part 2 (Acrobat reader required)

 Board of Retirement Roster

 Service Provider List – Investment Management Firms

*13. Update of Board of Retirement directives to FCERA Administration – RECEIVE AND FILE

*14. SACRS Year 2008 Legislative Timelines for submission of proposed legislation to be sponsored by SACRS (Acrobat reader required) – RECEIVE AND FILE

*15. Quarterly Trustee Travel Report and Anticipated Trustee Travel for the quarter ended June 30, 2007 – RECEIVE AND FILE Attachment #1

16. Discussion and appropriate action on selection of finalists for Custodial Services and Benefit Payments provider – RECEIVE AND FILE; APPROVE Attachment #1 (Acrobat reader required)

08/01/07 Regular Meeting 4 17. Presentation of Cash Equitization Strategy Summary as June 30, 2007 presented by Jeffrey MacLean, Wurts & Associates – RECEIVE AND FILE; APPROVE

18. Closed Session:

A. Conference with Legal Counsel – Actual Litigation - pursuant to G.C. §54956.9(a)

1. County of Fresno v. Board of Retirement 2. Fresno County Employees’ Retirement Association v. Public Pension Professionals 3. Garfield v. Openwave Systems, Inc., Case No. 07-CV-1309 (DLC) pending in the United States District Court, Southern District of New York.

19. Report from Closed Session

20. Report from FCERA Administration

21. Report from County Counsel

22. Board Member Announcements or Reports

NEXT MEETINGS:

August 15, 2007 – 8:30 AM (Wednesday) Regular Meeting FCERA Boardroom 1111 H Street, Fresno, CA 93721

September 5, 2007 – 8:30 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 Elizabeth Avalos at 457-0350 no later than Monday, 07/30/07 at 12PM.

08/01/07 Regular Meeting