Meeting

VENTURA COUNTY EMPLOYEES’ RETIREMENT ASSOCIATION 

BOARD OF RETIREMENT 

DISABILITY & BUSINESS MEETING 

November 18, 2024

AGENDA


PLACE:   Ventura County Employees’ Retirement Association
                 Second Floor, Boardroom
                 1190 S. Victoria Avenue, Suite 200
                 Ventura, CA 93003
 

The public may listen to the Public Session and offer comments by calling: +1 669-219-2599, using Meeting ID: 725-838 -7457. Persons may also submit written comments to [email protected] prior to and during the Board meeting. Please include your name, agenda item, the last 4 numbers of the telephone number that will be used to call in, and your comment. Public comment emails will be read into the record or summarized if lengthy.

The Board may take action on any item on the agenda, and agenda items may be taken out of order. 

TIME:  9:00 a.m. 

ITEM: 
 
I.
CALL TO ORDER
A.
Roll Call.
II.
APPROVAL OF AGENDA
III.
CONSENT AGENDA
A.
Approve Disability & Business Meeting Minutes of October 28, 2024.
B.
Approve Special Meeting Minutes of November 4, 2024.
C.
Receive and File Report of Checks Disbursed in October 2024.
D.
Approve Regular and Deferred Retirements and Survivors Continuances for the Month of October 2024.
E.
Receive and File Pending Disability Application Status Report.
F.
Approve Authorization for Chief Technology Officer to Attend the Gartner CIO Leadership Forum, February 24-25, 2025, in Phoenix, Arizona.
G.
Adopt Proposed Board of Retirement & Committees Meeting Calendar for 2025.
H.
Approve 2025 Calendars of Investment Presentations and of Investment On-Site Due Diligence Meetings.
I.
Adopt PEPRA Annual Pensionable Compensation Limits for 2025.
IV.
APPLICATIONS FOR DISABILITY RETIREMENT
A.
None.
V.
INVESTMENT MANAGER PRESENTATIONS
A.
Receive and File Annual Investment Presentation from Blackrock by Grant Dechert, Alli Leiva, and Daphne Tai.
RECOMMENDED ACTION: Receive and File.
VI.
INVESTMENT INFORMATION
A.
Co-Investments Program Recommendation.
RECOMMENDED ACTION: Approve.
B.
Request to Approve NEPC's Change in Control Transaction with Hightower and Execution of the Requested Consent Document.
RECOMMENDED ACTION: Approve.
C.
Request for Board Approval of Monroe Capital's Change in Control Transaction with Wendel and Execution of the Requested Consent Document.
RECOMMENDED ACTION: Approve.
VII.
OLD BUSINESS
A.
Proposed Changes to VCERA Management Employees Resolution: 1) Addition of Retiree Health Premium Coverage to Cover VCERA Service for Prior County Employees; 2) Modification of Annual Leave Redemption Pay Rate to Include Full Flex Credit Allowance Regardless of Individual Opt-Out Status; 3) Correction to Annual Leave Redemption Pay Rate to Include In-Lieu Incentive Offset; 4) Addition of Legacy Retiree Healthcare Premium Subsidy to Replace Loss to Monthly Retirement Benefits Due to Exclusion of Non-cashable Flex Credit from Compensation Earnable; 5) Correction to Deferred Compensation Employer Match Calculation Components; 6) Addition of Salary Range for Chief Technology Officer.
RECOMMENDED ACTION: Adopt.
B.
Alameda Implementation Status Report
RECOMMENDED ACTION: Receive and File.
VIII.
NEW BUSINESS
A.
None.
IX.
INFORMATIONAL
X.
PUBLIC COMMENT
XI.
STAFF COMMENT
XII.
BOARD MEMBER COMMENT
XIII.
ADJOURNMENT