Board of Administration Agenda November 15, 2021

The CalPERS Board of Administration considers recommendations from individual Board committees and hears other matters related to the administration of retirement benefits and investment management.

(Agenda items are provided in a PDF format, which require Adobe Reader 8 or higher to view.)

Meeting Agenda for November 15, 2021

View November 15, 2021 Board of Administration Open Session Meeting Transcript (PDF)

Open Session

9:00 a.m.

1. Item
   1. Call to Order and Roll Call

Closed Session

Upon adjournment or recess of Open Session (Government Code sections 11126(a)(1), (e), and (g)(1))

1. Item
   1. Chief Executive Officer's Briefing on Performance, Employment, and Personnel Items

Meeting Agenda for November 17, 2021

View November 17, 2021 Board of Administration Open Session Meeting Transcript (PDF)

Open Session

9:00 a.m.

1. Item
   1. Call to Order and Roll Call

Closed Session

Upon Adjournment or Recess of Open Session (Government Code sections 11126(a)(1), (e), and (g)(1))

1. Item
   1. Chief Executive Officer's Briefing on Performance, Employment, and Personnel Issues
   2. Committee Reports and Actions

Open Session

9:00 a.m.
Or upon adjournment of the Closed Session – Whichever is later

1. Item
   1. Call to Order and Roll Call (PDF)
   2. Approval of the November 17, 2021 Board of Administration Timed Agenda (PDF)
   3. Pledge of AllegianceHenry Jones
   4. Board President's Report (Verbal Report)Henry Jones
   5. Chief Executive Officer's Report (Verbal Report)Marcie Frost
   6. Action Consent ItemsHenry Jones
      1. Approval of the September 15, 2021 Board of Administration Meeting Minutes (PDF)
      2. Board Travel Approvals (PDF)
         1. Attachments (PDF)
   7. Information Consent ItemsHenry Jones
      1. Board Meeting Calendar (PDF)
      2. Draft Agenda for the February 16, 2022 Board of Administration Meeting (PDF)
      3. General Counsel's Report (PDF)
         1. Attachment 1 (PDF)
      4. Communications and Stakeholder Relations (PDF)
         1. Attachment 1 (PDF)
         2. Attachment 2 (PDF)
      5. 2020-21 Fiscal Year-End Compensation for Statutory Positions (PDF)
         1. Attachment 1 (PDF)
         2. Attachment 2 (PDF)
   8. Committee Reports and Actions
      1. Investment Committee (PDF)Theresa Taylor
      2. Pension & Health Benefits Committee (PDF)Rob Feckner
      3. Finance & Administration Committee (PDF)David Miller
      4. Performance, Compensation & Talent Management Committee (Verbal Report)Rob Feckner
      5. Risk & Audit Committee (PDF)Lisa Middleton
      6. Board Governance Committee (Verbal Report)Henry Jones
   9. Action Agenda Items
      1. Proposed Decisions of Administrative Law Judges (PDF)Henry Jones
         1. Marian Husted (PDF)
            1. Attachment A (PDF)
            2. Attachment B (PDF)
            3. Attachment C (PDF)
         2. Tinomeneta Taupau (PDF)
            1. Attachment A (PDF)
            2. Attachment B (PDF)
            3. Attachment C (PDF)
         3. Britt Wilson (PDF)
            1. Attachment A (PDF)
            2. Attachment B (PDF)
            3. Attachment C (PDF)
         4. Brian Simons (PDF)
            1. Attachment A (PDF)
            2. Attachment B (PDF)
            3. Attachment C (PDF)
         5. Haisong Peng (PDF)
            1. Attachment A (PDF)
            2. Attachment B (PDF)
            3. Attachment C (PDF)
         6. Leilani J. Scott (PDF)
            1. Attachment A (PDF)
            2. Attachment B (PDF)
            3. Attachment C (PDF)
         7. Daniel L. Tercero (PDF)
            1. Attachment A (PDF)
            2. Attachment B (PDF)
            3. Attachment C (PDF)
         8. Sean Gotts (PDF)
            1. Attachment A (PDF)
            2. Attachment B (PDF)
            3. Attachment C (PDF)
         9. Jason Bemowski (PDF)
            1. Attachment A (PDF)
            2. Attachment B (PDF)
            3. Attachment C (PDF)
         10. Julia Richter (PDF)
             1. Attachment A (PDF)
             2. Attachment B (PDF)
             3. Attachment C (PDF)
         11. John Lopez (PDF)
             1. Attachment A (PDF)
             2. Attachment B (PDF)
             3. Attachment C (PDF)
         12. Tracy Frances Pirie (PDF)
             1. Attachment A (PDF)
             2. Attachment B (PDF)
             3. Attachment C (PDF)
         13. Amanda Jones (PDF)
             1. Attachment A (PDF)
             2. Attachment B (PDF)
             3. Attachment C (PDF)
         14. Tarlochan Sandhu (PDF)
             1. Attachment A (PDF)
             2. Attachment B (PDF)
             3. Attachment C (PDF)
         15. Douglas A. Breeze (PDF)
             1. Attachment A (PDF)
             2. Attachment B (PDF)
             3. Attachment C (PDF)
         16. Margaret Souza (PDF)
             1. Attachment A (PDF)
             2. Attachment B (PDF)
             3. Attachment C (PDF)
         17. David W. Dowswell (PDF)
             1. Attachment A (PDF)
             2. Attachment B (PDF)
             3. Attachment C (PDF)
         18. Linda D. Abid-Cummings (PDF)
             1. Attachment A (PDF)
             2. Attachment B (PDF)
             3. Attachment C (PDF)
         19. Cecilia L. Macayaon (PDF)
             1. Attachment A (PDF)
             2. Attachment B (PDF)
             3. Attachment C (PDF)
      2. Petitions for Reconsideration (PDF)
         1. Wendell Bennett (PDF)
            1. Attachment A (PDF)
            2. Attachment B (PDF)
            3. Attachment C (PDF)
            4. Attachment D (PDF)
            5. Attachment E (PDF)
         2. Robin M. Rothwell-Allison (PDF)
            1. Attachment A (PDF)
            2. Attachment B (PDF)
            3. Attachment C (PDF)
            4. Attachment D (PDF)
            5. Attachment E (PDF)
   10. Information Agenda Items
       1. State and Federal Legislation Update (PDF)Danny Brown
          1. Attachment 1 (PDF)
          2. Attachment 2 (PDF)
       2. Diversity, Equity and Inclusion Framework Update (PDF)Marlene Timberlake D'Adamo
          1. Attachment 1 (PDF)
       3. Summary of Board Direction (Verbal Report)Marcie Frost
       4. Public Comment

Closed Session

Upon Adjournment or Recess of Open Session (Government Code sections 11126(a)(1), (c)(18)(A), (e), and (g)(1))

1. Item
   1. Call to Order and Roll Call
   2. Approval of the September 15, 2021 Board of Administration Closed Session Meeting Minutes
   3. Litigation MattersMatthew Jacobs
      1. Wedding, et al. v. CalPERS, et al. (Los Angeles County Superior Court, Case No. BC517444)
      2. Kesterson, et al. v. CalPERS, California Court of Appeal for the Second District Case No. B284977
      3. Liu v. CalPERS (Los Angeles County Superior Court, Case No. 19STCP04056)
      4. General Counsel's Update on Pending Litigation

Notes

1. Items designated for Information are appropriate for Action if the Board wishes to take action. Any Agenda Item from a properly noticed Committee meeting, held prior to this Board meeting, may be considered by the Board.
2. The hour designated as the earliest starting time for this meeting is not intended to communicate the expected duration (or ending time) of the preceding meeting.
3. Public comment may be taken on agenda items in accordance with applicable law. Public comment will not be taken on agenda items relating to the administrative adjudication of individual cases. There is a three-minute limitation on each public comment, unless otherwise directed by the Presiding Officer. (Cal. Code Regs. tit. 2, § 552.1.) Members of the public may provide public comment via telephone by calling (800) 259-4105.