HomeMy WebLinkAbout07.a.2) CCCERA update70. z)
Central Contra Costa Sanitary District
July 29, 2011
TO: HONORABLE BOARD OF DIRECTORS
VIA: JAMES M. KELLY, GENERAL MANAGER p
FROM: RANDALL M. MUSGRAVES, DIRECTOR OF ADMINISTRATION
SUBJECT: CONTRA COSTA COUNTY EMPLOYEES' RETIREMENT ASSOCIATION
(CCCERA) 7/27/2011 BOARD MEETING
Attached is a copy of the July 27, 2011 CCCERA Board meeting agenda.
The meeting focused on a review of investments. There was nothing significant impacting
the District.
Also attached is the letter from Ms. Leedom regarding the District's July 20, 2011 meeting
with them. As the letter states, at CCCERA's August 10th meeting, the discussion will be
reported by their Chair, Maria Theresa Viramontes. AB 340 implications will also be
reported to the Board by CCCERA's Fiduciary Counsel. Some Board members have
expressed an interest in attending. The meeting will begin at 9:00 a.m.
Staff will be available to answer any questions the Board may have.
Employees' Fbtirement Association
1355 willow way suite 221 concord ca 94520
925.521.3960 fax 925.646.5747
RETIREMENT BOARD MEETING
SPECIAL BOARD MEETING
9:00 a.m.
July 27, 2011
Retirement Board Conference Room
The Willows Office Park
1355 Willow Way
Suite 221
Concord, California
Page 1 of 1
THE RETIREMENT BOARD MAY DISCUSS AND TAKE ACTION ON THE FOLLOWING:
1. Pledge of Allegiance
2. Accept comments from the public.
3. Approve minutes from the July 13, 2011 meeting.
4. Discussion with consultant regarding managers scheduled to present.
5. Manager presentations:
Global Fixed Income
9:15 a.m. — 9:45 a.m.
Large Capitalization Domestic Equity
9:50 a.m. — 10:20 a.m.
10:20 a.m. — 10:40 a.m.
10:40 a.m. — 11:10 a.m.
11:15 a.m. — 11:45 a.m.
6. Miscellaneous
a. Staff Report
b. Outside Professionals' Report
c. Trustees' comments
Lazard Asset Management
Delaware Investment Advisors
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INTECH
Wentworth, Hauser & Violich
http://cccera.org/agendas/agendas%20201 I /agenda %207.27.11. htm 7/26/2011
a call
'C Employees' Employees' Fbtirement Association
1355 willow way suite 221 concord ra a4.rign
925.521.3960 fax 925.646.5747
July 20, 2011
James M. Kelly
General Manager
Central Contra Costa Sanitary District
5019 Imhoff Place
Martinez, CA 94553
Re: Meeting between CCCERA and CCCSD on July 20, 2011
Dear Mr. Kelly:
On behalf of the attendees from CCCERA, please express our appreciation for the thoughtful input
provided by staff, Board Members and Counsel for Central Contra Costa Sanitary District.
This input is important to CCCERA, and we do not take the discussion lightly.
A few items in the works at this time include:
• An agenda item for the August 10, 2011 Board meeting for the Chair to report to the
Board on the discussion from this meeting and possibilities for future direction.
• An agenda item for the August 10, 2011 CCCERA Board meeting with counsel
discussing the implications of AB340 as currently written.
• A future agenda item to discuss a draft policy on the release of actuarial information
from CCCERA.
As always, we appreciate the open line of communication between CCCSD and CCCERA. If there are
further issues, or we can be of assistance in any way, please advise.
Sincerely,
Marilyn Lee
Retirement Chief Executive Officer
cc: CCCERA Board Members
Karen Levy, General Counsel
Harvey Leiderman, Fiduciary Counsel
CCCSD Board of Directors
Jim Kelly, CCCSD General Manager
Randall Musgraves, Director of Administration
Kenton Alm, District Counsel
Scott Kivel, Special Counsel