Retirement Board Meeting

AGENDA

Travis Balzarini, Chair

Mark Walsh, Vice Chair

I. CONSENT CALENDAR

All agenda items on the Consent calendar will be approved in a single motion unless a Trustee, staff member or member of the public requests separate action on a specific item.

A. Retirement Board Meeting Minutes – August 21, 2025

B. Active Member Death Benefits

Recommendation: Approve Consent Calendar items A and B.

The Board of Retirement will move into Executive Session and close the meeting to all attendees who are not necessary for the determination of a disability retirement or consideration of a public employee performance evaluation. Those attendees will physically exit the Board room and/or will be placed in the virtual Zoom lobby by the host and will neither hear nor see the meeting. All meeting attendees will be re-admitted to the meeting when the Board returns to open session.

II. EXECUTIVE SESSION

A. Executive Session. Meeting closed pursuant to Government Code section 54957(b) to consider the evaluation of performance of a public employee. Title: Chief Executive Officer.

The Board of Retirement will move out of Executive Session and reopen the meeting to all attendees that were placed in the lobby during the closed session period.

III. EXECUTIVE SESSION REPORT OUT IV. REGULAR CALENDAR

A. Administrative Benefits Committee recommendations

1. CEO Performance Review – Salary Adjustment

Recommendation: Approve a 2.5% salary increase.

2. CEO Employment Contract

Recommendation: Take appropriate action.

B. Public Records Policy review

Recommendation: Approve amendments to the Public Records Policy.

C. Disability Process and Procedure review

Recommendation: Approve amendments to the Disability Retirement Process and Procedure.

D. SACRS Voting Delegate

Recommendation: Designate the Voting Delegate for the SACRS Fall Business Meeting.

E. Communications

1. Service Retirements September 2025

2. SACRS September 2025 Legislative Update

3. Mid-year Financial Statement, Q2 2025

V. Trustee/Staff Training & Conferences

Notify Julia Smith if you plan to attend any future event. Please note, if out of state travel to attend a conference is not approved in the Budget separate approval from the Board must be obtained prior to attending the conference.

A. Nossaman 2025 Fiduciaries’ Forum, August 21, 2025, evening to August 22, 2025, Kimpton Sawyer Hotel, Sacramento, CA. Trustee Williamson attended and will report out.

B. Council of Institutional Investors Fall Conference, September 8 to 10, 2025, Westin St. Francis, San Francisco, CA. Trustee Eaton attended and will report out.

C. SACRS Fall Conference, November 11 to 14, 2025, Hyatt Regency Huntington Beach Resort and Spa, Huntington Beach, CA. Trustees Eaton and Williamson will be attending.

VI. GENERAL DISCUSSION ITEMS

Opportunity to advise the Board of new matters and for Trustees to ask questions for clarification, provide information to staff, request staff to report back on a matter or direct staff to place a matter on a subsequent agenda.

VII. PUBLIC COMMENT

Opportunity for public comment on non-agenda items within the jurisdiction of the Retirement Board.

VIII. NOTICE OF NEXT MEETINGS

All meetings are held at SCERA in the Board Room at 433 Aviation Boulevard, Suite 100, Santa Rosa, CA, and broadcast via Zoom unless otherwise noted.

Investment Committee, September 23, 2025, at 8:30 a.m.

Educational Forum, October 8, 2025, at 9:00 a.m.

Educational Forum, October 9, 2025, at 9:00 a.m.

Disability Committee, October 23, 2025, at 8:30 a.m.

Retirement Board, October 23, 2025, at 9:00 a.m.

Investment Committee, November 20, 2025, at 9:00 a.m.

Audit Committee, November 20, 2025, at ⁓12:00 p.m.

Disability Committee, December 18, 2025, at 8:30 a.m.

Retirement Board, December 18, 2025, at 9:00 a.m.

IX. ADJOURNMENT