CalPERS Circular Letter #310-023-09, #310-024-09 - Meeting Notice

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CalPERS Circular Letter #310-023-09, #310-024-09 - Meeting Notice Powered By Docstoc
					             P.O. Box 942701                                       Date:     May 20, 2009




C
             Sacramento, CA 94229-2701                    Reference No.:
             (916) 795-3829
             Telecommunications Device for the Deaf   Circular Letter No.:   310-031-09
             No Voice (916) 795-3240                         Distribution:   I, IIA, IV, V, VI, X, XII
             www.calpers.ca.gov
                                                                 Special:
Circular Letter
TO:          EMPLOYERS COVERED BY CALPERS, EMPLOYEE ORGANIZATIONS AND
             OTHER INTERESTED PARTIES


SUBJECT:     AMENDED MEETING NOTICE OF THE CALPERS BOARD OF
             ADMINISTRATION AND ITS COMMITTEES



Circular Letter No. 310-030-09, dated May 19, 2009, is amended as follows:

Health Benefits Committee
Date and Time: Friday, May 29, 2009, 9:30 a.m.
Location: Auditorium, Lincoln Plaza North, 400 Q Street, Sacramento, CA
Address of telephonic location: 92-161 Waipahe Place Kapolei, Oahu, HI 96707
Address of telephonic location: 24476 Fairfax, Lemoore, CA 93245
The Committee will meet in closed session to discuss health plan contract negotiations
pursuant to Government Code section 11126(c)(17).

Health Benefits Committee
Date and Time: Friday, May 29, 2009, 10:30 a.m., or upon adjournment or recess of the
Health Benefits Committee closed session meeting, whichever is later
Location: Auditorium, Lincoln Plaza North, 400 Q Street, Sacramento, CA
Address of telephonic location: 92-161 Waipahe Place Kapolei, Oahu, HI 96707
Address of telephonic location: 24476 Fairfax, Lemoore, CA 93245

Circular Letter No. 310-030-09 is amended to correct the day of the week of the meeting. The
date of the meeting (May 29, 2009) and all other information contained in Circular Letter No.
310-030-09, dated May 19, 2009, remains the same. The meeting information is also
available on the CalPERS website at www.calpers.ca.gov.




ANNE STAUSBOLL
Chief Executive Officer



                            California Public Employees’ Retirement System
                                          www.calpers.ca.gov
              P.O. Box 942701                                       Date:     May 19, 2009




C
              Sacramento, CA 94229-2701                    Reference No.:
              (916) 795-3829
              Telecommunications Device for the Deaf   Circular Letter No.:   310-030-09
              No Voice (916) 795-3240                         Distribution:   I, IIA, IV, V, VI, X, XII
              www.calpers.ca.gov
                                                                  Special:
Circular Letter
TO:          EMPLOYERS COVERED BY CALPERS, EMPLOYEE ORGANIZATIONS AND
             OTHER INTERESTED PARTIES


SUBJECT:     MEETING NOTICE OF THE CALPERS BOARD OF ADMINISTRATION, ITS
             COMMITTEES AND ADVISORY PANELS


Health Benefits Committee
Date and Time: Tuesday, May 29, 2009, 9:30 a.m.
Location: Auditorium, Lincoln Plaza North, 400 Q Street, Sacramento, CA
Address of telephonic location: 92-161 Waipahe Place Kapolei, Oahu, HI 96707
Address of telephonic location: 24476 Fairfax, Lemoore, CA 93245
The Committee will meet in closed session to discuss health plan contract negotiations
pursuant to Government Code section 11126(c)(17).


Health Benefits Committee
Date and Time: Tuesday, May 29, 2009, 10:30 a.m., or upon adjournment or recess of the
Health Benefits Committee closed session meeting, whichever is later
Location: Auditorium, Lincoln Plaza North, 400 Q Street, Sacramento, CA
Address of telephonic location: 92-161 Waipahe Place Kapolei, Oahu, HI 96707
Address of telephonic location: 24476 Fairfax, Lemoore, CA 93245

The Board would be pleased to have you or representatives of your agency at the public
session. The facilities are accessible to persons with disabilities. Requests for sign language
or captioning services require a minimum of 72 hours notice. To request service, please call
(916) 795-3065 (voice or TTY).

Items scheduled for the public session of the meetings are listed on the attached agenda.
This information is also available on the CalPERS website at www.calpers.ca.gov. Please
contact Cheree Swedensky, at (916) 795-3128, with any questions regarding the meetings.
Thank you.




ANNE STAUSBOLL
Chief Executive Officer

Attachment
                             California Public Employees’ Retirement System
                                           www.calpers.ca.gov
           CALIFORNIA PUBLIC EMPLOYEES’ RETIREMENT SYSTEM
                      BOARD OF ADMINISTRATION

                         HEALTH BENEFITS COMMITTEE

                                       May 29, 2009

                                        9:30 a.m.

                           Robert F. Carlson Auditorium
                               Lincoln Plaza North
                                   400 Q Street
                             Sacramento, California

                               COMMITTEE MEMBERS

                                 Priya Mathur, Chair
                               George Diehr, Vice Chair
                                     John Chiang
                                    Rob Feckner
                                      David Gilb
                                     Henry Jones
                                      Bill Lockyer
                                    Tony Oliveira
                                   Charles Valdes

CLOSED SESSION:       9:30 a.m. CLOSED SESSION TO DISCUSS HEALTH PLAN
                      CONTRACT NEGOTIATIONS (Government Code section
                      11126(c)(17))

OPEN SESSION:         10:30 a.m. or Upon Adjournment of Closed Session Health
                      Benefits Committee meeting, Whichever is Later.


                                          AGENDA

CLOSED SESSION:       (Government Code section 11126(c)(17))


                                  1.      Call to Order and Roll Call

Information/Gregory Franklin      2.      2010 Health Plan Options and Proposed
                                          Rates
                                                     AGENDA

OPEN SESSION:             10:30 a.m. or Upon Adjournment of Closed Session Health
                          Benefits Committee meeting, Whichever is Later.


                                             1.      Call to Order and Roll Call

Information/Gregory Franklin                 2.      Overview of Pending 2010 Health Plan
                                                     Options

Information                                  3.      Public Comment




NOTE: Items designated for information are appropriate for Committee action if the Committee wishes to take action.
Any agenda item acted upon at this committee meeting may be brought to the full Board at its next regularly
scheduled meeting.
             P.O. Box 942701                                      Date:      May 1, 2009




C
             Sacramento, CA 94229-2701                   Reference No.:
             (916) 795-3829
             Telecommunications Device for the Deaf   Circular Letter No.:   310-024-09
             No Voice (916) 795-3240                         Distribution:   I, IIA, IV, V, VI, X, XII
             www.calpers.ca.gov
                                                                 Special:
Circular Letter
TO:          EMPLOYERS COVERED BY CALPERS, EMPLOYEE ORGANIZATIONS AND
             OTHER INTERESTED PARTIES


SUBJECT:     MEETING NOTICE OF THE CALPERS BOARD OF ADMINISTRATION, ITS
             COMMITTEES AND ADVISORY PANELS

The CalPERS Board of Administration, its Committees and Advisory Panels are scheduled to
meet on the following days in May. All meetings will be held in public session unless otherwise
noted.

Investment Committee
Date and Time: Monday, May 11, 2009, 9:00 a.m.
Location: Auditorium, Lincoln Plaza North, 400 Q Street, Sacramento, CA
The Committee will meet in closed session to discuss personnel and investment matters
pursuant to Government Code sections 11126(a)(1) and (c)(16).

Investment Committee
Date and Time: Monday, May 11, 2009, 9:30 a.m. or upon adjournment or recess
of the Investment Committee closed session, whichever is later
Location: Auditorium, Lincoln Plaza North, 400 Q Street, Sacramento, CA
A closed session will be held upon adjournment or recess of the open session to consider
investment matters pursuant to Government Code section 11126(c)(16).

Investment Committee
Date and Time: Monday, May 11, 2009, 11:00 a.m. or upon adjournment or recess of the
Investment Committee meeting, whichever is later
Location: Room 1140, Lincoln Plaza North, 400 Q Street, Sacramento, CA
The Committee will attend an Interim Asset Allocation Review Workshop

Benefits and Program Administration Committee
Date and Time: Tuesday, May 12, 2009, 8:30 a.m.
Location: Auditorium, Lincoln Plaza North, 400 Q Street, Sacramento, CA

Health Benefits Committee
Date and Time: Tuesday, May 12, 2009, 9:30 a.m. or upon adjournment or recess of the
Benefits and Program Administration Committee meeting, whichever is later
Location: Auditorium, Lincoln Plaza North, 400 Q Street, Sacramento, CA
The Committee will meet in closed session to discuss health plan contract negotiations
pursuant to Government Code section 11126(c)(17).
Circular Letter No. 310-024-09
May 1, 2009
Page 2



Health Benefits Committee
Date and Time: Tuesday, May 12, 2009, 10:00 a.m. or upon adjournment or recess of the
Health Benefits Committee closed session meeting, whichever is later
Location: Auditorium, Lincoln Plaza North, 400 Q Street, Sacramento, CA

Board of Administration
Date and Time: Wednesday, May 13, 2009, 8:00 a.m.
Location: Auditorium, Lincoln Plaza North, 400 Q Street, Sacramento, CA
The Board will meet in closed session to discuss personnel matters pursuant to Government
Code sections 11126(a)(1) and 11126(g)(1).

Board of Administration
Date and Time: Wednesday, May 13, 2009, 9:00 a.m. or upon adjournment or recess of the
closed session of the Board of Administration, whichever is later
Location: Auditorium, Lincoln Plaza North, 400 Q Street, Sacramento, CA
The Board will meet in closed session to discuss potential litigation pursuant to Government
Code section 11126(e).


The Board would be pleased to have you or representatives of your agency at the public
sessions. The facilities are accessible to persons with disabilities. Requests for sign language
or captioning services require a minimum of 72 hours notice. To request service, please call
(916) 795-3065 (voice or TTY).

Items scheduled for the public sessions of the meetings are listed on the attached agendas.
This information is also available on the CalPERS website at www.calpers.ca.gov. Please
contact Cheree Swedensky, at (916) 795-3128, with any questions regarding the meetings.
Thank you.




ANNE STAUSBOLL
Chief Executive Officer

Attachment




                            California Public Employees’ Retirement System
                                          www.calpers.ca.gov
           CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM
                       BOARD OF ADMINISTRATION

                         INVESTMENT COMMITTEE

                                 May 11, 2009

                                   9:00 a.m.

                         Robert F. Carlson Auditorium
                             Lincoln Plaza North
                                 400 Q Street
                              Sacramento, CA

                           COMMITTEE MEMBERS

                              George Diehr, Chair
                            Priya Mathur, Vice Chair
                                  John Chiang
                                 Patricia Clarey
                                 Dan Dunmoyer
                                  Rob Feckner
                                   David Gilb
                                  Henry Jones
                                   Bill Lockyer
                                 Louis F. Moret
                                  Tony Oliveira
                                Kurato Shimada
                                 Charles Valdes

CLOSED SESSION   9:00 a.m.
                 Chief Investment Officer's Briefing on Market and Personnel Issues
                 (Government Code sections 11126(a)(1) and 11126(c)(16))

OPEN SESSION     9:30 a.m., or Upon Adjournment or Recess of Closed Session

CLOSED SESSION   Upon Adjournment or Recess of Open Session
                 (Government Code section 11126(c)(16))
                                     AGENDA

OPEN SESSION

                               1.   Call to Order and Roll Call

Action                         2.   Approval of the April 20, 2009 Open Session
                                    Minutes

Action / Policy Subcommittee   3.   April 2009 Policy Subcommittee Report
   Chair Jones                      a. Total Fund – Adoption of Policy on Leverage
                                    b. Global Fixed Income – Revision of Policy on
                                       Global Fixed Income Program and Revision of
                                       Policy on Barclays Aggregate Program
                                    c. Global Equity – Revision of Policy on Internally
                                       Managed Global Enhanced Equity Strategies
                                    d. Global Equity – Revision of Policy on Global
                                       Equity Sub-Asset Class Allocation Ranges
                                    e. Global Equity – Adoption of Policy on Global
                                       Equity Emerging Manager Fund of Funds
                                       Policy

Action / Policy Subcommittee   4.   May 2009 Policy Subcommittee Report
Chair Jones                         a. Total Fund – Policy on Placement Agents and
                                       Other Financially Interested Parties

                               5.   Total Fund
Information / Farouki Majeed        a. Asset Allocation Update

Information                    6.   Real Estate

                               7.   Alternative Investments Management (AIM)
Action/ Kami Niebank                a. Private Equity Consultant Finalist Interviews
                                        and Selection

Information                    8.   Inflation-Linked Asset Class (ILAC)

Information                    9.   Global Fixed Income

Information                    10. Global Equity

                               11. Global Equity – Corporate Governance
Information / Eric Baggesen        a. Corporate Governance Update

Information                    12. Supplemental Income Plans (SIP)
Information / Joseph Dear and                13. Chief Investment Officer’s/Chief Operating
    Ken Marzion                                  Investment Officer’s Report
                                                 a. Consolidated Investment Activity Report
                                                 b. Chief Operating Investment Officer’s Status
                                                    Report
                                                 c. 2009 Annual Agenda Item Calendar

Information                                  14. Draft Agenda for June 15, 2009

                                             15. Public Comment
Note: Items designated for information are appropriate for Board/Committee action if the Board/Committee wishes to take
action. Any agenda item from a properly noticed Subcommittee meeting held immediately prior to this meeting may be
reported on or presented to the Investment Committee for its consideration.

                                                      AGENDA

CLOSED SESSION                Upon Adjournment or Recess of Open Session
                              (Government Code sections 11126(c)(16))

                                             1.     Call to Order and Roll Call

Action                                       2.     Approval of the April 20, 2009 Closed Session
                                                    Minutes

                                             3.     Total Fund
Information / Farouki Majeed                        a. Asset Allocation and Liquidity Update

                                             4.     Real Estate
Information / Ted Eliopoulos                        a. Strategic Plan Implementation Update
Action / Ted Eliopoulos                             b. Real Estate Transaction

Information                                  5.     Alternative Investments Management (AIM)

                                             6.     Inflation-Linked Asset Class (ILAC
Information / Farouki Majeed                        a. Forestland External Manager Update

                                             7.     Global Fixed Income
Action / Curtis Ishii                               a. Opportunistic Mortgage Fund
Information                                         b. External Manager Update

                                             8.     Global Equity
Information                                         a. External Manager Update

                                             9.     Supplemental Income Plans (SIP)
Information                                         a. External Manager Update
Information / Joseph Dear and   10. Chief Investment Officer’s/Chief Operating
    Ken Marzion                     Investment Officer’s Report
                                    a. Status of Action Items Not Yet Reported

Information / Joseph Dear       11. Activity Reports
                                    a. Alternative Investments Management
                                    b. Real Estate
                                    c. Risk Managed Absolute Return Strategies
                                    d. Corporate Governance
                                    e. Inflation-Linked Assets
                                     A
                     INVESTMENT COMMITTEE WORKSHOP
                          Interim Asset Allocation Review
                               Monday, May 11, 2009

         11:00 a.m. or Upon Adjournment or Recess of Closed Session,
                              Whichever is Later
                                Lincoln Plaza North
                              400 Q Street, Room 1140
                               Sacramento, California

                                         AGENDA
                      Workshop Moderator: Allan Emkin, PCA
Opening Remarks                               George Diehr
                                              Chair, Investment Committee
Introductions, Background, and                Joseph Dear
Rationale for Interim Asset Allocation        Chief Investment Officer, CalPERS
Review

Discussion of Asset Class Assumptions         Farouki Majeed
and Constraints                               Senior Investment Officer, CalPERS

                                              Raymond Venner
                                              Portfolio Manager, CalPERS
Sample Portfolios                             Michael Schlachter
                                              Managing Director, Wilshire Associates

                                              Andrew Junkin
                                              Managing Director, Wilshire Associates
Investment Committee Discussion on
Assumptions, Cash, Allocation,
Opportunistic Strategy and Other
Issues
Investment Committee Decision                 Allan Emkin
Process                                       Farouki Majeed
Opportunistic Strategy                        Joseph Dear
Public Comment
Next Steps                                    Joseph Dear
Closing Remarks                               George Diehr
            CALIFORNIA PUBLIC EMPLOYEES’ RETIREMENT SYSTEM
                        BOARD OF ADMINISTRATION

            BENEFITS AND PROGRAM ADMINISTRATION COMMITTEE

                                          May 12, 2009

                                           8:30 a.m.

                                Robert F. Carlson Auditorium
                                    Lincoln Plaza North
                                        400 Q Street
                                     Sacramento, CA
                                 COMMITTEE MEMBERS

                                   Kurato Shimada, Chair
                                  Rob Feckner, Vice Chair
                                       John Chiang
                                      Patricia Clarey
                                       George Diehr
                                         David Gilb
                                       Henry Jones
                                       Priya Mathur
                                       Tony Oliveira


                                           AGENDA


                                     1.    Call to Order and Roll Call

Action                               2.    Approval of the April 21, 2009 Benefits and Program
                                           Administration Committee Meeting Minutes

Action / Gina Ratto                  3.    Proposed Technical Amendments to the Conflict of
                                           Interest Code

Action / Ron Seeling                 4.    Judges’ Retirement System Valuation

Action / Ron Seeling                 5.    State and Schools Employer Contribution Rates

Action / Ron Seeling                 6.    State Industrial Disability Cost Report

Action / Ron Seeling                 7.    1959 Survivor Benefit Program

Information / Pat Macht              8.    my|CalPERS Usage Report

Information / Lori McGartland        9.    Employer Customer Inquiry Performance Measures
Information / Donna Lum                      10. Member Branch Performance Measures

Information / John Hiber                     11. Receivables Project Overview

Information / Ron Seeling                     12. Chief Actuary Report

Information / Donna Lum                      13. Assistant Executive Officer Report
                                                          A.    Annual Calendar Review
                                                          B.    MBSB Assignment Matrix
Information / Donna Lum                      14. Draft Agenda for June 16, 2009 Benefits and Program
                                                 Administration Committee Meeting

                                             15. Public Comment
NOTE: Items designated for information are appropriate for Committee action if the Committee wishes to take action.
Any agenda item properly noticed for this committee meeting may be brought to the full Board at its next regularly
scheduled meeting.
         CALIFORNIA PUBLIC EMPLOYEES’ RETIREMENT SYSTEM
                    BOARD OF ADMINISTRATION

                     HEALTH BENEFITS COMMITTEE

                              May 12, 2009

                                 9:30 a.m.

        or Upon Adjournment or Recess of the Benefits and Program
           Administration Committee Meeting, Whichever is Later

                       Robert F. Carlson Auditorium
                           Lincoln Plaza North
                               400 Q Street
                                Auditorium
                            Sacramento, CA

                         COMMITTEE MEMBERS

                           Priya Mathur, Chair
                         George Diehr, Vice Chair
                               John Chiang
                             Dan Dunmoyer
                              Rob Feckner
                                David Gilb
                               Henry Jones
                                Bill Lockyer
                              Tony Oliveira




CLOSED SESSION:   9:30 a.m. or Upon Adjournment or Recess of the Benefits
                  and Program Administration Committee Meeting, whichever
                  is later, CLOSED SESSION TO DISCUSS HEALTH PLAN
                  CONTRACT NEGOTIATIONS (Government Code section
                  11126(c)(17))


OPEN SESSION:     10:00 a.m. or Upon Adjournment or Recess of Closed
                  Session, Whichever is Later
                                      AGENDA


CLOSED SESSION:          (Government Code section 11126(c)(17))


                                 1.    Call to Order and Roll Call

                                 2.    Health Plan Contract Negotiations

 Information/Gregory Franklin             a. Blue Shield Health Maintenance
                                             Organization – Contract Negotiations
 Information/Ellen Badley                 b. Pharmacy Benefits Manager Request
                                             for Proposal – Contract Negotiations
 Information/Gregory Franklin             c. 2010 Plan Proposed Rates




                                      AGENDA

OPEN SESSION:         10:00 a.m. or Upon Adjournment or Recess of Closed
                      Session, Whichever is Later



                                 1.   Call to Order and Roll Call

                                 2.   Approval of April 21, 2009, Health Benefits
                                      Committee Meeting Minutes

                                 3.   Strategic Health Communications

 Information/Pat Macht                    a. Quarterly Update

                                 4.   Legislation

 Action/Danny Brown                       a. AB 65 (Hayashi) - Retired Public
                                             Employees Vision Care Program
 Action/Danny Brown                       b. AB 468 (Hayashi) - Alameda County
                                             Transportation Improvement Authority:
                                             Postretirement Health Care Vesting

                                 5.    Program Wide Reports

 Information/Gregory Franklin             a. Delta Dental Disease Management Pilot
 Information/John Rice                    b. Health Benefits Branch Consulting Pool
 Action/Gregory Franklin                  c. 2008-09 Budget Change Proposals and
                                             Spring Finance Letter Positions
                                              6.     Health Maintenance Organization

  Action/Ellen Badley                                     a. Blue Shield Medicare Advantage Part D

                                              7.      Preferred Provider Organization

  Action/Ellen Badley                                     a. Release of Pharmacy Benefits Manager
                                                             Request for Proposal
  Action/Ellen Badley                                     b. Self-Funded Health Plans Third-Party
                                                             Administrator Contract Extension

  Information/ Gregory Franklin               8.     Assistant Executive Officer Report

                                                             Annual Calendar Review
                                                             Health Benefits Branch Assignment
                                                              Matrix

  Information                                 9.     Proposed Agenda for June 16, 2009, Health
                                                     Benefits Committee Meeting

  Information                                 10.    Public Comment




NOTE: Items designated for information are appropriate for Committee action if the Committee wishes to take action.
Any agenda item acted upon at this committee meeting may be brought to the full Board at its next regularly
scheduled meeting.
         CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM
                     BOARD OF ADMINISTRATION

                                     May 13, 2009

                                       9:00 a.m.

                             Robert F. Carlson Auditorium
                                 Lincoln Plaza North
                                     400 Q Street
                                  Sacramento, CA

                                      MEMBERS

                               Rob Feckner, President
                             George Diehr, Vice President
                                    John Chiang
                                   Patricia Clarey
                                   Dan Dunmoyer
                                     David Gilb
                                    Henry Jones
                                     Bill Lockyer
                                    Priya Mathur
                                   Louis F. Moret
                                    Tony Oliveira
                                  Kurato Shimada
                                   Charles Valdes

                                       AGENDA

CLOSED SESSION          CHIEF EXECUTIVE OFFICER’S BRIEFING ON PERFORMANCE,
8:00 A.M.               EMPLOYMENT AND PERSONNEL ISSUES
(Gov. Code secs.
11126(a)(1) and
(g)(1))

OPEN SESSION
9:00 A.M. OR UPON ADJOURNMENT OF CLOSED SESSION, WHICHEVER IS
LATER

                   1.      Call to Order and Roll Call

                   2.      Pledge of Allegiance

                   3.      Approval of Meeting Minutes
                INVESTMENTS

Mr. Dear        4.    Chief Investment Officer’s Report


                Committee Reports
                (Any Agenda Item from a Properly Noticed Committee Meeting
                Held Prior to this Meeting May be Reported on or Presented to the
                Board for its Consideration).

Mr. Diehr       5.    Investment Committee (Oral)

Mr. Oliveira    6.    Ad Hoc Risk Management Committee (Oral)

Mr. Shimada     7.    Benefits and Program Administration Committee (Oral)

Ms. Mathur      8.    Health Benefits Committee (Oral)

Mr. Oliveira    9.    Finance Committee (Oral)

Ms. Mathur      10.   Performance and Compensation Committee (Oral)

                General

Ms. Stausboll   11.   Board Meeting Calendar

Ms. Stausboll   12.   Chief Executive Officer’s Report (Oral)

Ms. Bennett     13.   Pension System Resumption (PSR) Project Update
Mr. Seeling
Mr. Jasper

Mr. Seeling     14.   Impact of Economic Environment on Employer Rates and
                      Possible Smoothing Modifications (First Reading)

                Governmental Affairs

Mr. Brown       15.   Board’s State Legislative Program/Board’s Position on State
                      Legislation

Mr. Brown       16.   Board’s Federal Legislative Program/Board’s Position on Federal
                      Legislation
                          Legal

Mr. Mixon                 17.      Proposed Decisions of Administrative Law Judges
                                         A. Althea Hargrove
                                         B. Jo Halvorsen
                                         C. Susan Agers
                                         D. Darla Dellis
                                         E. Sandra L. Edwards
                                         F. Sarah Robertson
                                         G. Beverly Edwards
                                         H. Raghbir Jassal
                                         I. Donna L. Johnson
                                         J. Phillip S. Molina

Mr. Mixon                 18.      General Counsel's Report
                                     A. Monthly New Case Report
                                     B. Assignment Matrix

Mr. Mixon                 19.      CLOSED SESSION: Potential Litigation – Mayers Memorial
                                   Hospital District, Shasta Superior Court, No. 165990
                                   (Government Code section 11126(e))

                          Other

Mr. Feckner               20.      Board Travel Approvals

Ms. Stausboll             21.      Draft Agenda for June 17, 2009 Meeting

                          22.      New Business Agenda Setting

                          23.      Public Comment

Note: Items designated for information are appropriate for Board/Committee action if the Board/Committee wishes to
take action. Any agenda item from a properly noticed Committee meeting held immediately prior to this Board
meeting may be considered by the Board.
              P.O. Box 942701                                       Date:     April 28, 2009




C
              Sacramento, CA 94229-2701                    Reference No.:
              (916) 795-3829
              Telecommunications Device for the Deaf   Circular Letter No.:   310-023-09
              No Voice (916) 795-3240                         Distribution:   I, IIA, IV, V, VI, X, XII
              www.calpers.ca.gov
                                                                  Special:
Circular Letter
TO:          EMPLOYERS COVERED BY CALPERS, EMPLOYEE ORGANIZATIONS AND
             OTHER INTERESTED PARTIES


SUBJECT:     MEETING NOTICE OF THE CALPERS BOARD OF ADMINISTRATION, ITS
             COMMITTEES AND ADVISORY PANELS



The CalPERS Board of Administration, its Committees and Advisory Panels are scheduled to
meet on the following days in May. All meetings will be held in public session unless otherwise
noted.

Performance and Compensation Committee
Date and Time: Friday, May 8, 2009, 9:00 a.m.
Location: Auditorium, Lincoln Plaza North, 400 Q Street, Sacramento, CA

Policy Subcommittee of the Investment Committee
Date and Time: Friday, May 8, 2009, 9:30 a.m., or upon adjournment or recess of the
Performance and Compensation Committee, whichever is later
Location: Auditorium, Lincoln Plaza North, 400 Q Street, Sacramento, CA

The Board would be pleased to have you or representatives of your agency at the public
sessions. The facilities are accessible to persons with disabilities. Requests for sign language
or captioning services require a minimum of 72 hours notice. To request service, please call
(916) 795-3065 (voice or TTY).

Items scheduled for the public sessions of the meeting are listed on the attached agendas.
This information is also available on the CalPERS website at www.calpers.ca.gov. Please
contact Cheree Swedensky, at (916) 795-3128, with any questions regarding the meetings.
Thank you.




ANNE STAUSBOLL
Chief Executive Officer

Attachment



                             California Public Employees’ Retirement System
                                           www.calpers.ca.gov
              CALIFORNIA PUBLIC EMPLOYEES’ RETIREMENT SYSTEM
                          BOARD OF ADMINISTRATION

                  PERFORMANCE AND COMPENSATION COMMITTEE

                                    May 8, 2009

                                      9:00 a.m.

                           Robert F. Carlson Auditorium
                               Lincoln Plaza North
                                   400 Q Street
                                Sacramento, CA

                               COMMITTEE MEMBERS

                                Louis F. Moret, Chair
                               Priya Mathur, Vice Chair
                                     George Diehr
                                      David Gilb
                                     Tony Oliveira
                                   Kurato Shimada
                                    Charles Valdes

                                      AGENDA


                          1.     Call to Order and Roll Call

                          2.     Approval of the March 16, 2009 Performance and
                                 Compensation Committee Meeting Minutes

Action/Chris O’Brien      3.     Third Quarter Status Reports on Performance Plans of
                                 Chief Actuary, General Counsel, and Senior Investment
                                 Officers

Action/Chris O’Brien      4.     2008-2009 Performance Plan for Recently Appointed
                                 Chief Executive Officer (Second Reading)

Action/Chris O’Brien      5.     2008-2009 Performance Plan for Interim Chief
                                 Operating Investment Officer (Second Reading)

Action/Chris O’Brien      6.     2008-2009 Performance Plan for Recently Appointed
                                 Senior Portfolio Manager and Portfolio Manager
                                 (Second Reading)
Information/Chris O’Brien        7.    Executive Compensation Program Overview --
                                       Investments

Information/Chris O’Brien        8.    Human Resources Division Report

Action/Chris O’Brien             9.    Proposed June 2009 Agenda

                                10.    Public Comment


NOTE: Items designated for information are appropriate for Committee action if the Committee wishes to
take action. Any agenda item acted upon at this committee meeting may be brought to the full Board at
its next regularly scheduled meeting.
             CALIFORNIA PUBLIC EMPLOYEES’ RETIREMENT SYSTEM
                         BOARD OF ADMINISTRATION
                                  POLICY SUBCOMMITTEE
                              OF THE INVESTMENT COMMITTEE
                                              May 8, 2009
                                     9:30 a.m.
                  or Upon Adjournment or Recess of the Performance
                   and Compensation Committee, Whichever is Later
                                    Robert F. Carlson Auditorium
                                        Lincoln Plaza North
                                            400 Q Street
                                         Sacramento, CA

                                   SUBCOMMITTEE MEMBERS
                                        Henry Jones, Chair
                                      George Diehr, Vice Chair
                                          Patricia Clarey
                                          Louis F. Moret
                                          Charles Valdes

                                                AGENDA

                                        1.    Call to Order and Roll Call

Action                                  2.    Approval of the April 17, 2009 Meeting Minutes

Action / Gina Ratto                     3.    Total Fund – Policy on Placement Agents and Other
                                              Financially Interested Parties

Information                             4.    Draft Agenda for June 12, 2009

                                        5.    Public Comment

 Note: Items designated for information are appropriate for Subcommittee action if the Subcommittee wishes to
 take action. Any agenda item acted upon at this Subcommittee meeting may be brought to the Investment
 Committee at its next regularly scheduled meeting. Items are noticed for action after a first reading. The
 Subcommittee is free, however, to request a second reading of any item before approving it.