Retirement Board Meeting

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.

1.  Retirement Board Meeting Minutes – July 24, 2025
2.  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

1. Executive Session. Meeting closed pursuant to Government Code section 54957(b) to consider the employment status and evaluation of performance of a SCERA member or members as concerns eligibility for a disability retirement.

Disability Committee Chair will report on recommendations made by the Committee at the August 21, 2025, meeting:

Disability Applications:

1. 1. MARIA DEL CARMEN FUENTES GUTIERREZ, Correctional Deputy II filed 03/19/25, for a service-connected disability retirement.
   2. CHERINE SALAZAR, Building Mechanic II filed 03/20/25, for a service-connected disability retirement.

Reinstatement Applications:

1. 1. ROLLAND K DOMER, general member who retired effective 06/10/2014 with a service retirement. On 07/07/25, Mr. Domer submitted a request that his retirement be suspended and that he be reinstated per Government Code section 31680.4. He has been offered the position of Water Agency SCADA Technology Analyst with the Sonoma County Water Agency.

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

1. Member Benefit Appeal. Recommendation: Uphold application of IRC Section 401(a)(9) to Paul Nicely’s Option 2 benefit.
2. Investment Committee Structure Discussion
3. Statement of Expectations Review. Recommendation: Approve amendments to the Statement of Expectations
4. Administrative Benefits Committee. Recommendations: 1. CEO Performance Review – scheduled for September Board meeting; 2. Election Procedure Recommendation: Approve amendments to the Election Procedure.
5. Communications

1. 1. Election Schedule Memorandum
   2. Service Retirements August 2025
   3. Insurance Coverage Memorandum
   4. SACRS August 2025 Legislative Update

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.

1. Nossaman 2025 Fiduciaries’ Forum, August 21, 2025, evening to August 22, 2025, Kimpton Sawyer Hotel, Sacramento, CA. Trustee Williamson is attending.
2. Council of Institutional Investors Fall Conference, September 8 to 10, 2025, Westin St. Francis, San Francisco, CA. Trustee Eaton is attending.
3. SACRS Fall Conference, November 11 to 14, 2025, Hyatt Regency Huntington Beach Resort and Spa, Huntington Beach, CA. Trustee Williamson is planning to attend.

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 August 28, 2025 8:30 a.m.

Disability Committee September 18, 2025 8:30 a.m.

Retirement Board September 18, 2025 9:00 a.m.

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

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

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

IX. ADJOURNMENT