June Retirement Board Meeting

Non-confidential materials distributed with the agenda packet and/or related to an item on this agenda submitted to SCERA after distribution of the agenda packet are available for public inspection at location noted above during normal business hours.

Disabled Accommodation: If you have a disability which requires an accommodation, an alternative format, or requires another person to assist you while attending this meeting, please contact the Retirement Office at (707) 565-8100, at least 72 hours in advance to ensure arrangements for accommodation.

AGENDA

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 – May 21, 2026

Recommendation: Approve the meeting minutes.

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 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 June 18, 2026, meeting:

1.  Disability Applications:

DOMINIC TAURIAN, Correctional Sergeant, filed 11/06/2025, for a service-connected disability retirement.

B.  Executive Session. Meeting closed pursuant to Government Code section 54956.9(d)(1) to confer with legal counsel – existing litigation – Luke Solorzano v. Universal Protection Service, et al.

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.  Actuarial Risk Assessment Report for the Plan year ended December 31, 2025

Recommendation: Accept the Actuarial Risk Assessment Report.

B.  Earthquake Insurance Division

Recommendation: Determine whether to obtain Earthquake Insurance.

C.  Demonstration of SCERA’s new Ethics & Fraud Reporting Tool

D.  Audit Committee Recommendations

1.  Annual Audit for year ended December 31, 2025

Recommendation: Accept the Annual Audit for the plan year ended December 31, 2025, or take appropriate action.

2. Annual Comprehensive Financial Report for the plan year ended December 31, 2025.

Recommendation: Accept the Annual Comprehensive Financial Report for the plan year ended December 31, 2025.

3. Expiration of Audit Contract with Brown Armstrong.

Recommendation: Approve exercising the option to extend the Auditing Services Agreement for an additional two-year term, subject to mutual agreement.

E.  Communications

1.  Service Retirements – June 2026

2.  Actuarial Valuation Key Findings

3.  Mid-year Business Plan Update

4.  SACRS June 2026 Legislative Report

V.  TRUSTEE/STAFF TRAINING & CONFERENCES

Notify Michelle Johnson 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.  SACRS UC Berkeley Program, July 19 to 22, 2026, Claremont Club & Spa, Haas School of Business, University of California, Berkeley, CA.

2.  NCPERS Public Pension Funding Forum, August 17 to 19, 2026, The Study Hotel with events occurring at the David Rubenstein Forum, Chicago, IL.

3.  CALAPRS Principles of Pension Governance for Trustees, August 24 to 27, 2026, Santa Barbara Inn, Santa Barbara, CA.

4.  CII Fall 2026 Conference, September 30 to October 2, 2026, Westin Boston Seaport, Boston, MA. Trustee Eaton is planning to attend.

5.  Nossaman’s 2026 Pensions, Benefits & Investments Fiduciaries’ Forum, October 15 to 16, 2026, San Francisco, CA.

6.  CALAPRS General Assembly, March 8 to 10, 2027, Coronado Island Marriott, Coronado, CA.

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 comments 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 Meeting, June 25, 2026 8:30 a.m.

Disability Committee Meeting, July 23, 2026 8:30 a.m.

Retirement Board Meeting, July 23, 2026 9:00 a.m.

IX.  ADJOURNMENT