Meeting

VENTURA COUNTY EMPLOYEES’ RETIREMENT ASSOCIATION 

BOARD OF RETIREMENT 

DISABILITY & BUSINESS MEETING 

May 19, 2025

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. Confidential items are indicated by an asterisk (*) and are not available to the public.

TIME:  9:00 a.m. 

ITEM: 
 
I.
CALL TO ORDER
A.
Roll Call.
II.
APPROVAL OF AGENDA
III.

CONSENT AGENDA

A.
Approve Board Disability & Business Meeting Minutes of April 28, 2025.
B.
Receive and File Report of Checks Disbursed in April 2025.
C.
Approve Regular and Deferred Retirements and Survivors Continuances for the Month of April 2025.
D.
Receive and File Pending Disability Application Status Report, Updated as of May 19, 2025.*
E.
Approve Updated Master Services Agreement with Managed Business Solutions, LLC (MBS) to Update Signatures, No Other Changes.
F.
Grant Service-connected Disability Retirement, Effective October 25, 2022—Shirk, Robert; Case No. 23-003. (Sheriff) *
G.
Grant Service-connected Disability Retirement, Effective March 30, 2022— Ukauka, Kimo; Case No. 23-006. (Fire) *
H.
Grant Service-connected Disability Retirement, Effective July 22, 2021—Tinoco, Virginia; Case No. 23-012. (Sheriff) *
IV.

APPLICATIONS FOR DISABILITY RETIREMENT

A.
None.
V.

INVESTMENT MANAGER PRESENTATIONS

A.
Receive Annual Investment Manager Presentation from Bridgewater by Clark Thiemann and Jennifer Armstrong.
RECOMMENDED ACTION: Receive and File.
B.
Receive Annual Investment Manager Presentation from PIMCO by Kevin Gray, Catharine Roddy, Neil Reiner, Christian Clayton, Preeyam Ghandi.
RECOMMENDED ACTION: Receive and File.
VI.

INVESTMENT INFORMATION

A.
PIMCO European Data Center Opportunity Fund $30 Million Commitment.
RECOMMENDED ACTION: Approve.
B.
Proposed 2025 Private Credit Investments Pacing Plan.
RECOMMENDED ACTION: Approve.
C.
First Quarter 2025 Performance Report for the Period Ending March 31, 2025.
RECOMMENDED ACTION: Receive and File.
VII.
OLD BUSINESS
A.
Alameda Implementation Status Report Dated May 19, 2025.
RECOMMENDED ACTION: Receive and File.
VIII.
NEW BUSINESS
A.
Renewal of Hearing Officer Contracts for Fiscal Year 2025-2026.
RECOMMENDED ACTION: Approve.
B.
Review Actuarial Future Projection Options; Consider and Take Possible Action to Adopt Recommendation of Finance Committee to Engage Segal to Prepare a Risk Report under Option 3: Historical Analysis & Projections.
RECOMMENDED ACTION: Approve.
IX.
INFORMATIONAL
A.
Upcoming Educational Events Calendar, May – Nov. 2025.
X.
PUBLIC COMMENT
XI.
STAFF COMMENT
XII.
BOARD MEMBER COMMENT
XIII.
ADJOURNMENT