San Joaquin County Employees Retirement Association · San Joaquin County Employees Retirement...

San Joaquin County EmployeesRetirement Association

A G E N D AREGULAR MEETING

SAN JOAQUIN COUNTY EMPLOYEES RETIREMENT ASSOCIATIONBOARD OF RETIREMENT

FRIDAY, AUGUST 12, 2016AT 9:00 AM

Location: SJCERA Board Room6 S. El Dorado Street, Suite 400, Stockton, California

1.0 ROLL CALL2.0 PLEDGE OF ALLEGIANCE3.0 APPROVAL OF MINUTES

3.01 Approval of the Minutes for the Regular Meeting of July 8, 2016 301 Board to approve minutes

4.0 CONSENT ITEMS4.01 Service Retirement (29) 74.02 Deferred Members (10) 114.03 Purchase of Service (42) 134.04 Domestic Relations Orders (1) 184.05 Deceased Members Report 194.06 Death Benefits (1) 20

5.0 REPORT FROM AD HOC TRANSITION COMMITTEE5.01 Committee Chair and/or designee to provide a summary of activities/meeting(s) of

the Committee5.02 Committee recommendation on Executive Search Firm 21

01 Proposal submitted by Alliance Resource Consulting LLC 2302 Presentation by Cindy Krebs, Regional Director of Alliance Resource

Consulting LLC on executive search services for CEO recruitment5.03 Committee recommendation on contract with Robert Palmer 39

01 Proposed personal services contract 415.04 Board to discuss and act on Committee’s recommendations

6.0 STAFF REPORTS6.01 Trustee and Executive Staff Travel

01 Conferences and Events Summary for 2016 4502 Summary of Pending Trustee and Executive Staff Travel 46

6 South El Dorado Street, Suite 400 • Stockton, CA 95202(209) 468-2163 • (209) 468-0480 • www.sjcera.org

SJCERA Regular Meeting • 8/12/2016 •

a Public Pension Financial Forum 2016 Annual Conference 4703 Summary of Completed Trustee and Executive Staff Travel 4904 Board to accept and file reports and review and approve one pending travel

request as required.7.0 CORRESPONDENCE

7.01 Letters Received7.02 Letters Sent7.03 Reports7.04 Newsletters / Bulletins / Articles

01 NCPERS PERSist Summer 2016 5002 NCPERS The Monitor July 2016 68

8.0 COMMENTS8.01 Comments From the Board of Retirement8.02 Comments From the Public

9.0 CLOSED SESSION - PERSONNEL MATTERSCALIFORNIA GOVERNMENT CODE SECTION 54957EMPLOYEE DISABILITY RETIREMENT APPLICATIONS (9)

10.0 CALENDAR10.01 Financial Meeting, August 17, 2016 at 9:00 AM10.02 Special Meeting, August 17-18, 2016, Lodi, CA10.03 Regular Meeting, September 9, 2016 at 9:00 AM

11.0 ADJOURNMENT

SJCERA Regular Meeting • 8/12/2016 •

M I N U T E SREGULAR MEETING

SAN JOAQUIN COUNTY EMPLOYEES RETIREMENT ASSOCIATIONBOARD OF RETIREMENT

FRIDAY, JULY 8, 2016AT 9:00 AM

Location: SJCERA Board Room6 S. El Dorado Street, Suite 400, Stockton, California

San Joaquin County EmployeesRetirement Association

1.0 ROLL CALL1.01 MEMBERS PRESENT: Shabbir Khan, J.C. Weydert, Cindy Garman, Michael Duffy,

Michael Restuccia, Chanda Bassett, Adrian Van Houten, Margo Praus, and RaymondMcCray presidingMEMBERS ABSENT: Katherine MillerSTAFF PRESENT: Chief Executive Officer Annette St. Urbain, Chief InvestmentOfficer Nancy Calkins, Information Systems Manager Tallie Claypool, ManagementAnalyst III Greg Frank, Department Information Systems Specialist II Jordan Regevig,and Office Secretary Andrea IrelandOTHERS PRESENT: Deputy County Counsel Jason Morrish, and Robert Palmer,Michael Smith and Richard Callistro of the RPESJC Board

2.0 PLEDGE OF ALLEGIANCE2.01 Led by Margo Praus.

3.0 APPROVAL OF MINUTES3.01 Approval of the Minutes for the Regular Meeting of June 10, 2016

01 Board unanimously approved the Minutes of the Regular Meeting of June10, 2016.

4.0 CONSENT ITEMS4.01 Service Retirement (13)4.02 Deferred Members (5)4.03 Purchase of Service (16)4.04 Domestic Relations Orders (1)4.05 Deceased Members Report4.06 Death Benefits (1)4.07 General (1)

01 Ratification of Ad Hoc Transition Committee retention of outside counsel forpersonnel and employment matters.

4.08 After discussion, the Board unanimously approved the Consent Items in two separatemotions as follows:01 Motion by Restuccia, second by Duffy, carried to approve Consent Items

4.01 thru 4.06.6 South El Dorado Street, Suite 400 • Stockton, CA 95202(209) 468-2163 • (209) 468-0480 • www.sjcera.org

SJCERA Regular Meeting • 7/8/2016 • Page 1

02 Motion by Restuccia, second by Garman, carried to approve Consent Item4.07-01.

5.0 STAFF REPORTS5.01 Mid-Year Administrative Budget Update

01 Review of 2016 Actual and Budgeted Expenses5.02 SJCERA Statistics Report - Second Quarter 20165.03 Pending Retiree Accounts Receivable - Second Quarter 20165.04 Trustee and Executive Staff Travel

01 Conferences and Events Summary for 201602 Summary of Pending Trustee and Executive Staff Travel03 Summary of Completed Trustee and Executive Staff Travel and Travel Report (1)

a GFOA Annual Conference04 Board accepted and filed reports.

5.05 CEO Report01 Preliminary Valuation Results - Graham Schmidt of Cheiron will attend the

Financial Meeting on July 22nd to present the preliminary valuation results anddiscuss economic assumptions. He will present the results of the demographicexperience study at the August 17th Financial Meeting,

02 SEIU Local 1021 Strike - CEO St. Urbain reported that SEIU called a strikebeginning July 5, 2016. SJCERA staff represented by SEIU reported to work asscheduled. Thus far, the only impact to SJCERA due to the strike is the pick-up ofoutgoing U.S. mail, and the pick-up and delivery of Interoffice mail. During thestrike, SJCERA management will continue to hand-deliver SJCERA’s outgoingmail to the mailroom at the County Administration Building.

03 Room Block for August Manager Roundtable - The room block at Wine andRoses for Wednesday evening is available until July 22, 2016.

6.0 CORRESPONDENCE6.01 Letters Received

01 06/24/2016 RPESJC Regarding Post ‘82 Retireesa RPESJC President Robert Palmer, along with RPESJC Board Members

Michael Smith and Richard Callistro, presented suggested solutions forfunding the Post 1982 Supplemental Benefit for the Board’s consideration toavoid disruption in Post ‘82 settlement payments to the retirees.

After discussion, the Chair directed staff to include an item on the nextagenda so the Board can address obtaining outside Fiduciary Counsel toassist the Board in reviewing RPESJC’s proposals.

6.02 Letters Sent6.03 Reports6.04 Newsletters / Bulletins / Articles

01 NCPERS The Monitor June 2016


7.0 COMMENTS7.01 Comments From the Board of Retirement

01 Chair McCray welcomed Chanda Bassett to the Board.02 Ms. Praus stated that the NCPERS article that discussed the effects that pension

changes have on society is valuable.03 Upon reconvening in open session following adjournment of closed session, Ms.

Garman said that she never thought Annette would be leaving before she is, andis sorry she will be. She added that Annette is held in high esteem and arespected part of the retirement community. She wished her well. Mr. Weydertsaid that Annette has guided the Board to the position they are in today with greatstrides. She has always exemplified the highest levels of professionalism,diligence, and has done an outstanding job. He wants her to know they appreciateall she has done, although it may not always have been communicated at thelevel he desired, it does not change his feelings or thoughts of the good job shehas done. Mr. Restuccia echoed Mr. Weydert’s comment and thinks Annette isbrilliant at what she does. To highlight how valuable she is, he gave an examplefrom a prior SACRS conference when a panel was discussing PEPRA provisions,a panelist called out to Annette who was in the audience to confirm the panel’sdescription of a specific provision was accurate. Ms. Praus said Annette has seenthe Board through very difficult times, and they made it through it with Annette atthe helm. She thanked Annette, said that she made a difference in the fund, andshe appreciates all that she has done. Mr. Khan echoed all of the Board’scomments in regards to Annette. He added that he respects and appreciates herprofessionalism, dedication and loyalty. Chair McCray stated that Annette has apresence much larger than SJCERA, and although she will be missed, she will beappreciated wherever she goes.

CEO St. Urbain thanked the Board for their kind remarks. She stated that shewould not be successful without a great team behind her. She has an amazingstaff who works diligently together to serve the best interest of SJCERA’smembers and beneficiaries. She thanked the Board for the opportunity to workwith them as they move forward, while providing assistance and input whenrequested during the planning of SJCERA’s next phase.

7.02 Comments From the Public - None8.0 CLOSED SESSION - PERSONNEL MATTERS

CALIFORNIA GOVERNMENT CODE SECTION 549578.01 EMPLOYEE DISABILITY RETIREMENT APPLICATIONS (2)

The Chair convened a Closed Session at 10:02 a.m. The Chair adjourned the ClosedSession and reconvened the Open Session at 11:26 a.m. Counsel reported that inClosed Session the Board took the following actions on personnel matters:01 Senior Office Assistant

Nonservice-Connected Disability

The Board unanimously granted the applicant a Nonservice-ConnectedDisability Retirement.


02 Correctional OfficerService and Nonservice-Connected Disability

The Board unanimously accepted the findings and recommendation of theAdministrative Law Judge and denied the application for a Service andNonservice-Connected Disability Retirement.

8.02 PUBLIC EMPLOYEE DISCIPLINE/DISMISSAL/RELEASE01 Annette St. Urbain has indicated today her intention to submit her resignation no

later than December 31, 2016. The Board has elected to accept that resignationwith great gratitude for her service to date, and through that date. The Board hasadditionally voted unanimously to initiate the recruitment process for herreplacement. Annette will assist in that regard and that process will beginimmediately upon receipt of a written letter of resignation reflecting her intention toresign no later than December 31, 2016.

9.0 CALENDAR9.01 Financial Meeting, July 22, 2016 at 9:00 AM9.02 Regular Meeting, August 12, 2016 at 9:00 AM

10.0 ELECTION OF OFFICERS10.01 Chair McCray said it has been a pleasure to act as Chair for the past year, although

the last few months has made it hard personally and professionally. Mr. Restucciathanked Mr. McCray for his service as Chair and added that he has done a great job.Ms. Garman said that she appreciated Mr. McCray’s leadership as Chair and addedthat he brings a wealth of knowledge and background for SJCERA. Mr. Weydertacknowledged Mr. McCray’s exemplary reputation in the SACRS communitystatewide and said he brings added value to the Board. He also mentioned that Mr.McCray’s dedication and commitment to the Board over the past year was amazing.

The Chair called for nominations for each officer of the Board of Retirement for 2016-2017.01 Motion by Weydert, second by Garman, nominating Michael Restuccia as

Chairperson carried unanimously.02 Motion by Weydert, second by Restuccia, nominating Cindy Garman as Vice

Chairperson carried unanimously.03 Motion by Khan, second by Restuccia, nominating Raymond McCray as

Secretary carried unanimously.11.0 ADJOURNMENT

11.01 There being no further business the meeting was adjourned at 11:39 a.m.

Respectfully Submitted:

________________________Michael Restuccia, Chair

Attest:

________________________Raymond McCray, Secretary


San Joaquin County Employees RetirementAssociation

August 2016

PUBLIC

4.01 Service Retirement ConsentSANDRA K BAUER Office Supervisor

Public Health - TB CDMember Type: GeneralYears of Service: 17y 02m 06dRetirement Date: 8/22/2016

01

JANET E BRISCOE Staff NurseV-AsstNDptMg-InpatMental HealthPHF-Inpatient Fac

Member Type: GeneralYears of Service: 15y 07m 02dRetirement Date: 7/25/2016

02

HAROLD J CROSBY Management Services AdminDistrict Attorney


03

DEANNA A DIAZ Child Support Officer IIChild Support Svs


04

WERNER P DIETRICH Deferred MemberN/A

Member Type: GeneralYears of Service: 05y 06m 01dRetirement Date: 8/21/2016Comments: Deferred from SJCERA since February 2012.

05

MICHELLE P EKAS Deferred MemberN/A

Member Type: GeneralYears of Service: 09y 02m 12dRetirement Date: 7/19/2016Comments: Deferred from SJCERA since October 1995.

06

FRANCINE L GARCIA Courts-Court Operations MngrCourt-Court Oper-Courtrm Suppt


07

BETSY O GEMORA Staff Nurse IV - InpatientHosp Surgery - Recovery


08

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August 2016

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REBECCA J GRAHAM Tax Collection SpecialistTreasurer-Tax Collector


09

SHIRLEY A GRAVELLE Courts-Legal ProcessClerk IIICourt - Jury Service


10

MARY K HARDIN Senior Office AssistantCalifornia Childrens Services


11

GLORIA A HOWARD Patient Registration ClerkHosp Op Registration


12

ROGER JANES Public Works Business AdminPublic Works - Administration


13

JAMES P JORDAN Deferred MemberN/A

Member Type: GeneralYears of Service: 02y 09m 03dRetirement Date: 7/9/2016Comments: Deferred from SJCERA since January 1999. Outgoing reciprocity and concurrent retirement withCalPERS.

14

DINA S JOSE Correctional LieutenantSheriff - Cust. Realignment


15

DINA S JOSE Correctional LieutenantSheriff - Cust. Realignment

Member Type: SafetyYears of Service: 21y 08m 12dRetirement Date: 7/1/2016

16

MARIA D MORENO ResidencyTrainingProgramCoordHosp Medical Staff


17

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August 2016

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CORAZON A PARIAL Staff Nurse IV - AmbulatoryHosp Standards - Compliance


18

STEVEN A PEASE LieutenantSheriff - Patrol


19



20

VICKI R RAMIREZ Office SecretaryJuvenile Detention


21

JAVIER RAMOS DA Investigator IIDistrict Attorney


22

RACHAEL RUIZ Senior Office AssistantHuman Resources


23

SUSAN M RYAN Deferred MemberN/A

Member Type: GeneralYears of Service: 14y 02m 19dRetirement Date: 6/28/2016Comments: Deferred from SJCERA since January 2001.

24

ROSA E SANCHEZ Court InterpreterCourt - Interpreters


25

DAVID J SOUZA Assistant Sheriff-CoronerSheriff-Admin-Support Services


26

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August 2016

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TED G TOWLE ChildProtectiveSvsCounsel IVHSA - Admin Support


27

GINA E VAFLOR Staff Nurse IV - InpatientHosp Med-Surg Acute BMS-CMS


28

MARIA M VANCE Child Support Officer IIChild Support Svs


29

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August 2016

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4.02 Deferred Members ConsentBRENT T DITTMAN Probation Officer II

Probation - AdultMember Type: SafetyDeferredDeferral Date: 6/22/2006Years of Service: 2y 8m 17dComments: Established membership with StanCERA.

01

PAUL A GONZALES Transportation WorkerHSA - Admin Support

Member Type: GeneralDeferredDeferral Date: 5/30/2016Years of Service: 15y 8m 0dComments: Established membership with StanCERA.

02

MARIA L HINSEY Principal Business AnalystProbation - Administration

Member Type: GeneralDeferred - CalPERSDeferral Date: 5/21/2016Years of Service: 2y 7m 27d

03

SERVILLANO F HORTIZUELA Staff Nurse IV - AmbulatoryHosp Orthopedic Clinic

Member Type: GeneralDeferredDeferral Date: 5/16/2016Years of Service: 29y 10m 13d

04

THOMAS M LANFRANKI Chief Deputy Auditor-ControllAuditor - Controller


05

CHEE Y LEE Staff Nurse IV - InpatientHosp Med-Surg Intensive Care

Member Type: GeneralDeferredDeferral Date: 6/4/2016Years of Service: 2y 6m 6dComments: Established membership with SamCERA.

06

PATRICIA F PABST Asst Retirement AdministratorRetirement Office


07

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August 2016

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TIFFANY L PARDO Mental Health Clinician IMental Health-Adult Outpatient

Member Type: GeneralDeferred - CalPERSDeferral Date: 5/16/2016Years of Service: 0y 11m 15d

08

MARIAH R RANSOME Eligibility Worker IIHSA - Eligibility Staff


09

ANTONIO D VERGARA Probation Officer IIProbation-Adult-SB678-IPU

Member Type: SafetyDeferredDeferral Date: 4/25/2016Years of Service: 2y 2m 28dComments: Established membership with Marin County ERA.

10

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August 2016

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4.03 Purchase of Service ConsentWILLIAM L AARON Staff Nurse IV - Inpatient

Hosp Emergency RoomMember Type: GeneralYears of Service: 03y 06m 29d Prior County Service

01

SANDRA K BAUER Office SupervisorPublic Health - TB CD

Member Type: GeneralYears of Service: 00y 00m 13d Medical Leave of Absence

02

CHRISTINE C BECERRA Management Analyst IIINeighborhood Preservation

Member Type: GeneralYears of Service: 05y 04m 10d Redeposit-DRO

03

KELLY C CARABELLO Radiologic Technologist IIHospital Radiology

Member Type: GeneralYears of Service: 02y 01m 23d Prior County Service

04

ALICE L CASTILLO Courts-Legal ProcessClerk IIICourt-Oper-Criminal-Stkn


05



06



07

MARC J CASTILLO Dept Info Systems Analyst IVDistrict Attorney


08

MARC J CASTILLO Dept Info Systems Analyst IVDistrict Attorney

Member Type: GeneralYears of Service: 01y 02m 06d Redeposit-Previously Withdrawn Contributions

09

LEOPOLDO A CHAVEZ Juvenile Detention OfficerJuvenile Detention

Member Type: SafetyYears of Service: 00y 05m 25d Prior County Service

10

ERIKA N CHOWDHARY Eligibility Worker IIHSA - Eligibility Staff


11

LEILANI R DE CLARO Legal Technician IIDistrict Attorney


12

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August 2016

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PAMELA J DICKSON Senior Office AssistantSheriff - Communications


13

ANDREW J FEINGOLD Office SupervisorChild Support Svs


14

MARIA A GOMEZ Nurse Practitnr II -AmbulatoryHosp Childrens Health Services


15

RUBEN GONZALES Equipment Operator IINorth County Landfill


16

RUBEN GONZALES Equipment Operator IINorth County Landfill


17

LUPE GONZALEZ Eligibility Worker IIHSA - Eligibility Staff


18

JOSE A GUERRA Juvenile Detention OfficerJuvenile Detention

Member Type: SafetyYears of Service: 00y 01m 24d Medical Leave of Absence

19

VICTORIA Y HEREDIA Office SupervisorPublic Hlth-Clinical Services


20

DONNA K HUNT Senior Psychiatric TechnicianMental Health-Adult Outpatient


21

RACHELLE A JACHALKE Accounting Technician ISheriff - Cust - Admin Support

Member Type: GeneralYears of Service: 04y 02m 13d Redeposit-Previously Withdrawn Contributions

22

NASIR M KHAN Staff Nurse IV - InpatientHosp Emergency Room


23

MARIA G LEWIS Courts-Legal Process SpvrCourt - Oper-Civil-Stkn


24

CHRISTINA M LOVATO Office AssistantMary Graham Childrens Shelter


25

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August 2016

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AILEEN G LOVELESS Senior Office AssistantHSA - Clerical Support


26

ANTONIO T MAZO Shelter Counselor IIMary Graham Childrens Shelter


27

KRISTA M MILLER Staff Nurse II - InpatientHosp Med-Surg Acute BMS-CMS


28

ANDREW NAYLOR Juvenile Detention Unit SuprvJuvenile Detention

Member Type: SafetyYears of Service: 00y 07m 19d Prior County Service

29



30

DENINE L PIZZI Senior Office AssistantMental Health - Clerical


31

RAJNI RAMAN EEDD Employment ServicesSpec IEmployment - Economic Developm


32

CHRISTINA E SALINAS Eligibility Worker IIIHSA - Eligibility Staff


33

CHRISTINA E SALINAS Eligibility Worker IIIHSA - Eligibility Staff


34

TOSHIRO K SESSOMS Engineering Assistant IIPublic Works-Engnr-Design

Member Type: GeneralYears of Service: 04y 00m 00d Active Military/Merchant Marine Service

35

ARABELLA T STOFFEL Office Technician/CoordinatorMental Health - Clerical


36

SYRINA M THAO Staff Nurse III -InpatientHosp Surgery - Recovery


37

JERRY L VIOLETT Engineering Assistant IIIPublic Works-Engnr-Design


38

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August 2016

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DAVID P WANG Engineer IVPublic Works-Engnr-Design


39

PAUL WHEELER Deputy Public Guardian IIConservator Services

Member Type: GeneralYears of Service: 01y 11m 26d Active Military/Merchant Marine Service

40

CLAUDIA J WOLTKAMP Social Worker IIAging - Community Services


41

CLAUDIA J WOLTKAMP Social Worker IIAging - Community Services


42

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August 2016

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4.04 Domestic Relations Order ConsentJANET D FREEMAN Physical Therapist-Senior

CCS - MTUMember Type: GeneralDivision of retirement plan benefits prior to retirement; establish non-member account for Jeffrey Freeman.

01

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San Joaquin County Employees' Retirement Association

August 2016

01 DECEASED ACTIVE / DEFERRED MEMBERS

DATE OF DEATH DEPARTMENT

02 DECEASED RETIRED MEMBERS

CAROL DISA 06/28/2016 Environmental Health

ROBERT DENTON 06/29/2016 H.S.A.

JO HARRINGTON 07/04/2016 H.S.A.

RUTH BLOOM 07/18/2016 Stockton Municipal Court

LEONARD GARROW 07/20/2016 Lincoln Fire District

MARCIA PIERCE 07/23/2016 H.S.A.

ROBERT BAYSINGER 07/25/2016 Lodi Municipal Court

LARRY RAY 07/28/2016 Weights and Measures

MELVYRN WINGETT 07/31/2016 County Administrator’s Office

03 DECEASED BENEFICIARIES

SUSANNE DRISCOLL 06/28/2016

SHIRLEY ANDERSON 07/18/2016

HELEN McPHERSON 07/19/2016

INEZ McKINSEY 07/20/2016

JESSIE WILSON 07/25/2016

DOROTHY JACOBS 07/31/2016

8/5/16 10:06 AM

4.05 Deceased Members Report Consent

PUBLIC


August 2016

PUBLIC

4.06 Death Benefits ConsentNICOLAS L SOLIMA Patient Services Rep

Hosp AdmittingMember Type: GeneralDate of Death: 05/29/2016Benefits to Phillip Solima, son; Nicolas Solima II, son; Deborah Jones, significant otherOption: Lump sum death benefit pursuant to Government Code Section 31781.

01

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Board of Retirement Regular Meeting San Joaquin County Employees’ Retirement Association

Agenda Item 5.02 August 12, 2016 SUBJECT: Executive Search Firm Recommendation SUBMITTED FOR: ___ CONSENT l_X_l ACTION ___ INFORMATION RECOMMENDATION Ad Hoc Transition Committee recommends the Board of Retirement retain Alliance Resource Consulting, an executive search firm, to conduct a nationwide search on behalf of the Board for the position of Chief Executive Officer of SJCERA. PURPOSE To facilitate and support the Board’s executive management transition and Chief Executive Officer succession. DISCUSSION Staff has obtained information, representative client lists, and fee schedules from three executive search firms with experience in recruiting public sector executives. The Board of Retirement has used both CPS HR Consulting and EFL Associates in the past to recruit candidates for SJCERA’s executive positions. Although the Board has no past direct experience with Alliance Resource Consulting, in recent years this executive search firm has “cornered the market” on recruiting executives for public retirement plans in California. Alliance has a strong reputation, professional and experienced recruitment consultants, a well-defined process, a broad candidate database, and an understanding of the current market environment for public pension executives (compensation levels, recruitment incentives, organizational attributes that help attract top talent, etc.) The following table compares the fees and number of searches conducted by each firm for public pension plans in California (based on the marketing materials the firms submitted): Alliance EFL Assoc. CPS HR Consult. CA pension searches 23 9 2 Full Service Fee $34,000 $60,000 $23,000

August 12, 2016 Page 2 of 2 Agenda Item 5.02

ATTACHMENT Alliance Resource Consulting Proposal

_________________________ ANNETTE ST. URBAIN Chief Executive Officer, on behalf of the Ad Hoc Transition Committee

San Joaquin County Employees’ Retirement Association

Executive Recruitment Search

Copyright 2016 ALLIANCE RESOURCE CONSULTING LLCAll rights reserved.

CHIEF EXECUTIVE OFFICER




July 22, 2016

VIA ELECTRONIC MAIL

Mr. Greg FrankManagement Analyst IIISan Joaquin County Employees’ Retirement Association6 South El Dorado StreetSuite 400Stockton, CA 95202

Dear Mr. Frank:

Alliance Resource Consulting is pleased to submit this proposal to assist the San Joaquin County Employees’ Retirement Association in its efforts to recruit and screen candidates for the Chief Executive Officer position. Enclosed is our proposal which outlines how we would partner with your organization to recruit the best individuals. It describes the steps we will take to accomplish the recruitment within your desired timeframe. If you desire some modification of the proposed work program, we would be pleased to discuss that with you.

Alliance Resource Consulting’s corporate motto is “The Power of Partnership.” We take this seriously and have built our reputation on providing services of the highest quality. Alliance Resource Consulting was formed in 2004 when our executive search consultants acquired the highly regarded executive search practice of one of the largest public sector consulting/government services companies in the United States. With the innovative use of technology and a commitment to forming enduring partnerships with our clients, Alliance Resource Consulting is committed to setting a new standard for the industry.

We do not have any potential conflicts of interest from past recruitments or relationships. We will be happy to answer any additional questions you may have. We look forward with great interest to working with you on this very important assignment.

Sincerely,

Sherrill Uyeda Cindy Krebs Founding Partner Regional Director

SOUTHERN CALIFORNIA OFFICE400 Oceangate, Suite 480

LOng Beach, ca 90802teL: (562) 901-0769 • Fax: (562) 901-3082

www.allianceRC.com • [email protected]

NORTHERN CALIFORNIA OFFICE228 hamiLtOn avenue, 3rd FLOOr

PaLO aLtO, caLiFOrnia 94301teL: (650) 296-1032 • Fax: (650) 521-0024




TABLE OF CONTENTS1 Our Understanding . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1

2 FirmQualifications . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.1 Project Team . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.2 Our Experience . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.3 Advantages of Our Firm. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2

3 RecruitmentMethodology&Approach . . . . . . . . . . . . . . . . . 33.1 Strategy Development . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43.2 Active Recruitment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43.3 Candidate Evaluation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43.4 Progress Report Meeting. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53.5 Preliminary Interviews. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53.6 Client Interviews & Interview Books . . . . . . . . . . . . . . . . . . . . . . . . . . . 53.7 Special Assistance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6

4 OurClient’sRole . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6

5 ProjectedTimeline . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7

6 AllianceAdvantages . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 76.1 Technology. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 76.2 Stakeholder Outreach . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 86.3 Salary Surveys . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 86.4 Weekly Client Updates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8

7 RecruitmentCosts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9

8 AllianceSummary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10

9 Contactinformation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10

Appendix–A:PensionandInvestmentsSearches . . . . . . . . . . 11

Appendix–B:Biographies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12

Appendix–C:References . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13


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1–OURUNDERSTANDINGIt is our understanding that the San Joaquin County Employees’ Retirement Association (SJCERA) wishes to engage an executive search firm to assist in the Chief Executive Officer recruitment.

The SJCERA Board of Retirement oversees the Chief Executive Officer and staff in the performance of their duties in accordance with the 1937 Act, County Employees’ Retirement Law, SJCERA’s by-laws and policies set by the Board.

2–FIRMQUALIFICATIONS2.1 Project TeamIn 2004, Alliance Resource Consulting acquired the national executive recruiting practice of MAXIMUS. We are committed to providing our clients with the highest caliber of service in the industry. Our team of dedicated professionals utilizes custom-built state-of-the-art technology in conducting a search.

We are based out of Long Beach, California. We also have offices in Palo Alto, California; Tallahassee, Florida and Seattle, Washington.

Our current staffing is:

Sherrill Uyeda – Founding PartnerCindy Krebs - Regional Director, Pacific NorthwestDavid McDonald – Regional Director, East CoastSyldy Tom – ManagerRichard Kaplan – Research ConsultantGeoff Gambling – Research ConsultantLinda Kann – Special Projects and Graphics Manager

Cindy Krebs and Sherrill Uyeda will work on this recruitment. Biographies can be found in Appendix B and references can be found in Appendix C.

2.2 Our ExperienceWe believe we are exceptionally well qualified to assist you. We have extensive nationwide experience recruiting pension executives for government agencies and special districts and have helped to place excellent people in both small and large organizations.

AllianceResourceConsultingpridesitselfon

itscommitmenttocustomerservicetoboththeclient

andthecandidates.


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Retirement system recruitments are one of our strengths. We are currently recruiting the following retirement system positions:

• Deputy Chief Executive Officer - Contra Costa County Employees’ Retirement Association (CA)• Assistant Retirement Administrator - Fresno County Employees’ Retirement Association (CA)• Assistant Executive Director - Kern County Employees’ Retirement Association (CA)• Retirement Plan Administrator - Merced County Employees’ Retirement Association (CA)

Within the past 18 months, we helped to fill a number of similar positions, including:

• Chief Executive Officer - Alameda County Employees’ Retirement Association (CA)• Retirement Administrator - City of Fresno Employees Retirement System (CA)• Chief Retirement Counsel - Sonoma County Employees’ Retirement Association (CA)Division Manager, Member

Services, for the Los Angeles County Employees Retirement Association (CA)• Retirement Administrator - Imperial County Employees’ Retirement System (CA)• Retirement Administrator - Fresno County Employees’ Retirement Association (CA)• Retirement Administrator - Mendocino County Employees Retirement Association (CA)• Chief Legal Counsel - Los Angeles County Employees Retirement Association (CA)• Chief Executive Officer - Contra Costa County Employees’ Retirement Association (CA)• Chief Executive Officer - Santa Barbara County Employees Retirement System (CA)

In addition, we have completed the following recruitments:

• Assistant Director, Retirement Services and Chief Investment Officer - City of San Jose, CA (2014)• Executive Director - Kern County Employees’ Retirement Association, CA (2013)• Retirement Administrator - Sonoma County Employees’ Retirement Association, CA (2013)• Director of Retirement Services - City of San Jose, CA (2012)• Retirement Administrator - Fresno County Employees’ Retirement Association, CA (2011)• Deputy Retirement Chief Executive Officer - Contra Costa County Employees’ Retirement Association, CA (2011)• Assistant Retirement Administrator - Marin County Employees’ Retirement Association, CA (2011)• Retirement Administrator - Marin County Employees’ Retirement Association, CA (2010)• Investment Officer - Kern County Employees’ Retirement Association, CA (2010)

Our ability to carry out the work required by your agency is enhanced by our past experience in providing similar services to others, and we expect to continue such work in the future. It should be noted that all of the recruitments listed above were completed on time and within budget.

We will preserve the confidential nature of any information received from you or developed during our work on this recruitment in accordance with our established professional standards.

We assure you that we will devote our best efforts to carrying out the work required. The results obtained, our recommendations and any written material we provide will be our best judgment based on the information available to us.

2.3 Advantages of Our FirmRelative to your present search requirements, we believe the principal advantages in using Alliance Resource Consulting which differentiate us from other firms are:


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• Our track record of success in placing superior senior level executives in particularly sensitive and highly responsible/accountable positions.

• Our specialization in public sector executive search on a nationwide basis.• Our extensive experience recruiting pension executives for government agencies and special districts.• Our PROACTIVE recruitment of candidates who may not be seeking new employment and would not normally

respond to routine advertising and highly qualif ied candidates who might be overlooked by traditional recruiting approaches.

• Our ability to develop and meet a recruitment timeline to fit your needs.• The fact that we assign two professionals to each recruitment to ensure we are always available to quickly

respond to your most pressing requirements. • The quality of our work and the fact that most of our clients have retained our services on more than one

engagement.• Our proven ability to identify and recommend qualified female and minority candidates.• The transparency of our recruitment process. We will provide you a client login to our recruiting system so

you can see how things are progressing at any time. We will also prepare weekly updates for you throughout the peak of the recruiting process.

• Our reputation among clients and candidates for timely communication and documentation (e.g., acknowledgement of receipt of candidate application, client status reports, candidate interviews, client meetings and candidate feedback).

• The thoroughness of our documented reference, internet and background checks. We request very specific references from candidates and supplement our reports with information gathered from available information sources such as LexisNexis and public records. Our ability to enhance the recruitment process through stakeholder outreach, the use of online surveys, and targeted research.

• The fact that all of our graphics work is done in-house, saving our clients time and money. • Our promise to conduct the recruitment at the cost proposed. We have never charged a client more than our

proposed amount.

3–RECRUITMENTMETHODOLOGY&APPROACHAlliance Resource Consulting believes that we are an extension of your organization. As such, we work within your expectations and guidelines. Our objective is to find the best qualified candidates. While notices in professional journals may be helpful, many of the best candidates must be sought out and their interest encouraged. Our general familiarity with the organization, knowledge of the field and our relationships with professional organizations make us well qualified to assist you.

Our clients have found that we are able to:

• Develop the appropriate specifications for a position.• Encourage the interest of top-level people who would be reluctant to respond to advertisements.• Preserve the confidentiality of inquiries, consistent with State public disclosure and open meeting laws.• Save a considerable amount of time for client staff in developing and responding to candidates.• Protect the confidentiality of the information discussed with or received from the client.• Build consensus among those involved in the hiring process. • Independently and objectively assess the qualifications and suitability of candidates for the particular position for

which we are recruiting.• Adhere to client’s budget and schedule expectations.


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If you desire to retain us for a full and thorough recruitment process, we will do the following for your recruitment:

3.1 Strategy DevelopmentWe will interview members of the Search Committee and other client contacts to obtain a detailed understanding of the position, key goals and challenges, and organizational culture. We will also discuss expectations regarding desirable training, experience and personal characteristics of candidates. In addition, should you request it, we will conduct/facilitate community outreach meetings and focus group discussions.

We also have experience creating and managing community surveys, should the organization want input from its constituents. We will also gather/review relevant information about the organization, such as budgets, organization and/or department goals, organization charts, etc.

Once our findings have been summarized, we will submit a Recruitment Profile with the desired qualifications and characteristics to you for approval. The Recruitment Profile that will be sent to potential candidates will include information about the organization, the job and the criteria established by you.

3.2 Active RecruitmentOnce you have approved the Recruitment Profile, we will actively seek out individuals who meet your expectations. To achieve the best response, we will take a three-prong approach to attracting candidates:

1. Direct Contact – We will mail invitations and recruitment profiles to targeted individuals in comparable organizations at the appropriate level. These invitations will be followed up with direct phone calls to potential candidates to gauge interest.

2. Internal “Job Alert” – Over the past eleven years, we have developed an active database of over 20,000 candidates who are active in various public sector positions. We will send a new “job alert” to all our registered users in the Alliance Resource Consulting candidate application program. Prospective candidates will be contacted via e-mail with a link to the PDF version of the Recruitment Profile.

3. Advertisements – We will place job advertisements in the appropriate professional journals and on-line sites.

As a matter of corporate policy, we do not discriminate against any applicant for employment on the basis of race, religion, creed, age, color, marital status, sex, sexual preference, disabilities, medical condition, veteran status or national origin. A substantial percentage of the placements made by our firm have been minority or female candidates.

Frequent communication with our clients is a hallmark of our firm. While consultants will provide regular updates on the progress of your search, you will also be able to access up-to-date ‘real time’ information regarding your search from our secure website.

3.3 Candidate EvaluationWe will review, acknowledge and evaluate all resumes received. Candidate evaluation will begin with an analysis based upon criteria contained in the Recruitment Profile, information contained in the resumes submitted to us, and our knowledge of the people and organizations for which they work.


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The next phase in candidate evaluation will focus on gaining additional information from the qualified group of candidates through written supplemental information questionnaires and other resources. Telephone interviews will be conducted with the most promising candidates to gain a better understanding of their backgrounds, qualifications and interest in the position.

3.4 Progress Report MeetingAfter the resume deadline, we will submit to you a progress report of the leading candidates. This report will include summary resumes, supplemental information, and the original resumes of those candidates we believe to be best qualified for the position. Supplemental information on a candidate typically includes: the size of the organization for which the person works, reporting relationships, budget responsibility, the number of people supervised, related experience and reasons for interest in the position. Any other specific information will be dictated by the criteria set forth in the Recruitment Profile.

The purpose of our progress report is two-fold. It allows you an opportunity to review the candidates and choose those who you would like to invite to be interviewed for the position. It also allows us to receive feedback on the caliber of the candidates recruited. In addition, at this point we will have conducted preliminary background checks on each of the presented candidates. Of course, we are flexible and may consider other individuals as final candidates who are subsequently identified and were not included in the progress report.

3.5 Preliminary InterviewsWe will interview (either in person or via video-conference) those candidates identified by you to be the leading candidates. We will conduct a preliminary interview with questions that focus on the selection criteria. Additionally, we will verify degrees and certifications and continue to gather information about the candidate’s professional backgrounds.

3.6 Client Interviews & Interview BooksWe will assist you in scheduling final candidates for interview with your organization, and will send the candidates packets of information which we obtain from you should you request it (e.g., information about the organization and the geographic area, budgets, etc.).

We will prepare final interview books for the selection panel. These books will include interviewing/selection tips, suggested interview questions, and rating forms for your use. Candidates will not be ranked, for we believe it will then be a matter of chemistry between you and the candidates.

We will also be on-site for the interview day(s). We will brief the interview panel at the start of the interviews and will facilitate the process throughout the day. After the last candidate interview, we will assist you in “debriefing” the interview panel members.

As part of our process in evaluating candidates, we make telephone reference checks. In conducting these references, it is our practice to speak directly with individuals who are, or have been, in a position to evaluate the candidate’s performance on the job. To gain a well-rounded impression of the candidates, we speak with current and prior supervisors, peers and subordinates. These references and our evaluations provide you with a frank, objective appraisal of the candidates. Once we finalize references on the top one or two candidates and conduct credit/criminal/civil litigation/motor vehicle record checks through an outside service, we will provide you with a detailed candidate evaluation report.


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3.7 Special AssistanceOur efforts do not conclude with presentation of the final report. We are committed to you until a successful placement is made. Services that are routinely provided include:

• Arranging the schedule of interviews and the associated logistics for final candidates.• Advising on starting salary, fringe benefits, relocation trends and employment packages.• Acting as a liaison between client and candidate in discussing offers and counter offers.• Conducting a final round of reference checking with current employers (if not previously done for reasons of

confidentiality).• Notifying those candidates who were not recommended for interview of the decision. Following up with the client

and the selected candidate once he/she has joined the organization to ensure a smooth transition.

4–OURCLIENT’SROLEThe client has a very important role in the recruitment process. While we may identify and recommend qualified candidates, it is the client who must make the decision about which candidate to hire.

In order to insure that the best candidates are available from which to choose, our clients should be willing to do the following:

• Clearly inform us about matters relevant to the search that you wish to keep confidential (e.g., salary, personnel issues, and other privileged information).

• Supply us with the names of people you have previously interviewed/ considered for this position.• Forward us copies of the resumes you receive, to avoid duplication of effort.• Provide feedback to Alliance Resource Consulting regarding the information and recommendations provided by us.• Promptly decide upon and follow up in scheduling interviews with the most promising candidates.• Assist in providing information to candidates that will enable them to make their career decisions.• Uphold confidentiality (while respecting relevant state laws about open disclosure) to protect the integrity of the

recruitment process, as well as the candidate’s involvement.

By doing the above, we will maximize the likelihood of mutual success.

Finally, please be reminded that the United States Immigration Reform and Control Act of 1986 requires that all employers verify an employee’s eligibility to work in the United States. Since Alliance Resource Consulting cannot serve as your agent in this matter, your hiring process should include this verification procedure.


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5–PROJECTEDTIMELINEThe following is a typical schedule to conduct a thorough recruitment. However, we would be pleased to modify this to meet your needs:

1st Week Meet with the appropriate individuals to gather background information.

2nd - 3rd Week

Develop and obtain approval for the Recruitment Profile.

Develop a list of potential candidates to target.

Prepare and place advertisements, if desired.

4th-9thWeek Active recruitment––solicit, receive and acknowledge resumes.

10thWeek Evaluate resumes and gather supplemental information. Submit progress report and meet with you to review leading candidates.

11thWeek Verify degrees and certifications and interview the best qualified candidates.

12th-14thWeek Submit final report and initiate the interview process with you.

FollowingInterviews Conduct references, credit/criminal/civil litigation/motor vehicle record checks, and assist with negotiations.

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Strategic Development 7

Active Recruitment 35

Candidate Evaluation 14

Progress Report

Preliminary Interviews 10

Client Interviews

Negotiations 17

6–ALLIANCEADVANTAGES6.1 TechnologyAlliance Resource Consulting is the only firm to utilize a custom-built “online” client/candidate management system. This custom system allows candidates to input their resumes and cover letters on our website. (For candidates who wish to email or mail us a hard copy of their resume, we will input the information for them.) One of the benefits of our system is that it enables our client contact to check the latest applicant list in real-time.

One of our strengths is our use of social media to best market the recruitment. We have active accounts on LinkedIn, Twitter and Facebook. The use of social media allows us to contact our network and “followers” to alert them to our recruitment announcements, informational updates and reminders. It allows us to stay one step ahead of our competitors.


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Alliance Resource Consulting is always searching for new ways technology can help us save our client’s money. One way we do this is by using Skype to interview out of town candidates. Our innovative ways have set us apart from our more traditional competitors.

6.2 Stakeholder OutreachOur firm has used several methods, including stakeholder meetings, community forums and surveys, for stakeholder outreach in a number of previous recruitments. For example, for the previous City of San José City Manager recruitment, our consultants facilitated 13 community outreach meetings where citizens were invited to attend and express their opinions about what they were looking for in city manager candidates. For the City of Alexandria’s City Manager recruitment, we also met with special interest groups such as business leaders, Chamber of Commerce members and historic preservation groups.

During the recruitment of the City Administrator for the City of Huntington Beach (CA), the consultants met with each councilperson, each department head, conducted an open citizen forum and a forum for a group of stakeholders comprised of two citizens recommended by each councilperson. For the City Manager recruitment conducted for the City of Moreno Valley (CA), the consultants conducted a community panel as well. Our previous experience in stakeholder outreach makes our firm very qualified to conduct the meetings with the Mayor’s Office and City Council Members as well as facilitate multiple stakeholder outreach forums throughout the City that your request for proposal outlined.

Lastly, our firm has significant experience in creating community surveys should you wish to provide this option to your community. We have utilized surveys for many of our recruitments and can prepared them in different languages, if required. The surveys can be accessed on-line, or at our office and our client’s office.

6.3 Diversity OutreachStriving for diversity in our recruitments is a hallmark of our firm. We use a variety of sources for outreach to various minority communities to ensure the desired diversity of our candidate pool. In addition to our personal contacts in various minority communities, we advertise our positions in publications that target minorities in government and further publicize the position through minority organizations such as Blacks in Government and the International Hispanic Network. To ensure a diverse pool, we also create a recruiting list of qualified candidates from communities that have a comparable level of diversity as our client’s community.

We have created lists for comparable diversity during recruitments for the City Manager for the City of Compton (CA), the City of Tigard (OR), the Assistant City Manager/Chief Operating Officer for the City of Ventura (CA), and the Assistant City Manager for the City of Irvine, CA. The final pool for the City of Irvine included three women among the six finalists. We also collect Equal Employment Opportunity (EEO) information on our candidate pool. This information is accessible to our clients in real time on our company website.

6.4 Weekly Client UpdatesOur consultants provide our client contacts written recruitment updates on a weekly basis. These updates include work done that was completed during the week and what we expect to work on the following week.


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7–RECRUITMENTCOSTSWe propose a fixed fee of $34,000 for the work outlined above, which includes up to three on-site meetings: one to develop the Recruitment Profile, one to present our Progress Report, and one to attend the first round of candidate interviews. If additional on-site meetings are required, a budget increase of $1,500 per meeting will be added to the professional fee. Please note that this amount does not include reimbursement of candidates who travel to be interviewed by you. Unless you notify us to the contrary, we will assume that you will handle these reimbursements directly.

Our fee will be split among four equal invoices. All invoices are due and payable upon receipt. We do NOT base our fees on a percentage of the position’s salary.

Our billing schedule on a retained fee (and based not on an hourly rate) is as follows:

1st Billing Due after Start Meeting First Phase $8,500

2nd Billing Due upon our submittal of a draft recruitment profile Second Phase $8,500

3rd Billing Due after we meet and submit our Progress Report to you Third Phase $8,500

4thBilling Due after the client conducts interviews with finalists Fourth Phase $8,500

Please note that this is a standard billing schedule and can be modified as requested.

You may discontinue this assignment at any time by written notification. In the unlikely event that this occurs, you will be billed for all expenses incurred to the date of the cancellation, and for professional fees based upon the time elapsed from the commencement of the assignment to the date of cancellation. If a cancellation occurs within the first 30 days of the assignment, following either verbal or written authorization to proceed, one-third of the professional fee will be due. If a cancellation occurs thereafter, the fee beyond the first one-third will be prorated based upon the number of calendar days which have elapsed. If a cancellation occurs after 90 days, all professional fees will be due in full.

GuaranteeWe are committed to working with you until a placement is made. However, if the selected candidate (recommended by us for hire, and excluding internal candidates) should be terminated within one year from the date of hire, we will re-do the search for no additional professional fee. Naturally, we would expect to be reimbursed for any expenses that might be incurred.

In the event that the Client hires, within one year of completion of this recruitment project, any candidates identified during the Progress Report as a result of Consultant’s recruitment project for any position other than the Chief Executive Officer, the Client agrees to pay Consultant a fee (based upon 50 percent of the recruitment’s professional fee) for each additional candidate hired.


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8–ALLIANCESUMMARYThank you for reviewing our proposal. Should you decide to retain Alliance Resource Consulting for your executive search needs, we will do the following:

• Partner with you and act as an extension of your organization.• Define a recruitment strategy and timeline, develop a recruitment profile and attract/research prospective candidates.• Conduct a multi-layered candidate screening analysis on the applicants.• Communicate frequently and on-time with both the client and candidates.• Allow client contacts to access the recruitment database in real time from remote sites.

Our firm’s motto is “the Power of Partnership” and we are committed to adding value to your organization’s goals and mission. We bring an ethical, transparent and well-documented recruitment process to all our clients.

9–CONTACTINFORMATIONCindy Krebs Office:

Fax:Cell Phone:

E-mail:Skype:

(562) 901-0769 x336(562) 901-3082(949) [email protected]_arc

Sherrill Uyeda Office:Fax:

Cell Phone:E-mail:Skype:

(562) 901-0769 x331(562) 901-3082(310) [email protected]

ALLIANCE RESOURCE CONSULTING LLCHEADQUARTERS400 Oceangate, Suite 480Long Beach, CA 90802

TALLAHASSEE, FLORIDA

SEATTLE, WASHINGTON

www.allianceRC.com

twitter.com/AllianceRC

Alliance Resource Consulting LLC


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APPENDIX–APension and Investment Searches of Alliance Resource Consulting

Alameda County Employees’ Retirement Association (CA) Chief Executive OfficerArizona State Public Safety Personnel Retirement System AdministratorCity of Fresno Retirement Systems Retirement AdministratorContra Costa County Employees’ Retirement Association Chief Executive OfficerContra Costa County Employees’ Retirement Association Deputy Retirement Chief Executive OfficerFresno County Employees’ Retirement Association Retirement AdministratorIllinois Teachers’ Retirement System Chief Executive OfficerKern County Employees’ Retirement Association Executive DirectorKern County Employees’ Retirement Association Investment OfficerLong Beach, CA, City of TreasurerLos Angeles County Employees Retirement Association Chief Legal CounselMarin County Employees’ Retirement Association Assistant Retirement AdministratorMarin County Employees’ Retirement Association Retirement AdministratorMendocino County Employees Retirement Association Retirement AdministratorSan Jose, CA, City of Chief Investment Officer/ Assistant Director of Retirement ServicesSan Jose, CA, City of Director of Retirement Services (CEO)San Jose, CA, City of Retirement Investment OfficerSanta Barbara County Employees’ Retirement System Chief Executive OfficerSanta Barbara County Employees’ Retirement System Chief Investment OfficerSonoma County Employees’ Retirement Association Retirement AdministratorVentura, CA, City of Treasury Manager


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APPENDIX–BBIOGRAPHIESCindyKrebs–RegionalDirectorCindy Krebs joined Alliance Resource Consulting in 2012 after serving more than 25 years as a high level manager and principal consultant for local governments, regional agencies and special districts. The experience she gained while working in the public sector gives Ms. Krebs a unique understanding of the complexities associated with public service careers as well as a strong appreciation for people who choose to dedicate themselves to improving the communities they serve. Ms. Krebs is highly adept at working with executive management teams, Board members, and community/special interest group and has managed several high profile recruitments for Alliance.

Ms. Krebs graduated from Baker University with Bachelor of Art degrees in both Communications and Spanish. She is also a graduate of CORO’s Orange County Leadership program. Ms. Krebs is fluent in Spanish and proficient in French and Italian.

SherrillA.Uyeda–FoundingPartnerSherrill Uyeda has over fifteen years of public sector executive search experience. She began her career in executive search in 1998 with Norman Roberts & Associates, Inc. From 1999 to 2004, Ms. Uyeda was an executive search consultant with MAXIMUS, a leading government consulting firm which assists state, federal and local governments. In 2004, along with Eric J. Middleton, she founded Alliance Resource Consulting LLC.

Since 2007, Ms. Uyeda has been instrumental in expanding the organization’s presence to include regional offices in Palo Alto (CA), Tampa (FL) and Seattle (WA). She fosters an environment of frequent communication to both clients and candidates and transparent and ethical recruitments on a timely basis. Her leadership and collaborative skills have led to an impressive hiring and retention rate.

Ms. Uyeda’s track record of recruiting high-profile government executives across the nation in various industries include: city and county management, transportation, utilities, human resources, library services, building and planning, economic development and pension and retirement systems. Past clients for nationwide recruitments have included the City/County of San Francisco (CA), the County of Los Angeles (CA), Arlington County (VA), Broward County (FL), the City of Atlanta (GA), the City of Alexandria (VA), the City of Boston (MA), the City of Dallas (TX), and the City of San José (CA). Past retirement systems, she has recruited for are: Contra Costa County Employees Retirement Association, Fresno County Employees Retirement Association, Kern County Employees Retirement Association, Marin County Employees Retirement Association, Santa Barbara County Employees Retirement System, and Sonoma County Employees Retirement Association.

Additional areas of expertise include: facilitating community forums and outreach meetings, conducting multi-lingual citizen surveys and compensation and benefits negotiations.

Ms. Uyeda graduated from the University of Southern California, with both a Bachelor of Arts degree in Communication Arts and Sciences and a Master of Public Administration degree. She is a member of the Society for Human Resources Management.


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APPENDIX–CREFERENCES

SantaBarbaraCountyEmployees’RetirementSystemName: Alan BlakeboroTitle: AttorneyPhone #: (805) 966-2440

ImperialCountyEmployees’RetirementSystemName: Norma Jauregui Title: Board MemberPhone #: (760) 960-2258

ContraCostaCountyEmployees’RetirementAssociationName: Brian HastTitle: Chairperson of the Board of RetirementPhone #: (925) 521-3960

Board of Retirement Regular Meeting San Joaquin County Employees’ Retirement Association

Agenda Item 5.03 August 12, 2016 SUBJECT: Personal Services Contract for Interim Asst. CEO SUBMITTED FOR: ___ CONSENT l_X_l ACTION ___ INFORMATION RECOMMENDATION The Ad Hoc Transition Committee recommends the Board of Retirement approve the personal services contract between the Board of Retirement and Robert R. Palmer to serve on a part-time, limited term basis as Interim Asst. CEO of SJCERA. PURPOSE To review the organizational structure and facilitate and support the Board’s executive management transition and Chief Executive Officer succession. DISCUSSION Robert Palmer served as SJCERA’s Retirement Administrator (the position now termed CEO) from 1991 until his retirement in August 2007. As discussed at the Board’s Financial Meeting held July 22, 2016, the CEO recommended, and the Board expressed interest in, retaining Mr. Palmer to serve as Interim Asst. CEO for SJCERA. As a retiree of SJCERA, Mr. Palmer’s post-retirement employment would be limited to not more than 720 hours in a fiscal year. This personal services contract shall be effective upon joint signature and shall terminate on January 12, 2017. Compensation shall be $100.00 per hour and the services to be performed include:

• Organizational Structure, • Clarify Reporting Relationships, • Daily Operations of Administrative Staff, • Staff Evaluation Process, • Succession Planning, and • Recruitment for CEO

Another issue specific to Mr. Palmer is raised in section 4 of the attached personal services contract. Mr. Palmer currently serves as President of the Retired Public Employees of San Joaquin County (RPESJC), which presents a conflict of interest with respect to a specific matter currently before the Board. To remove any perception of conflict of interest or inappropriateness, he has agreed to step away from RPESJC during the term of this agreement.

August 12, 2016 Page 2 of 2 Agenda Item 5.03

At the request of Committee Chair Weydert, Mr. Palmer attended the Committee’s meeting on July 29, 2016, in anticipation of further discussion and negotiation of proposed terms to assist the Committee in formulating recommended terms of engagement for the full Board’s consideration at its Regular Meeting of August 12, 2016. ATTACHMENTS Personal Services Contract

_________________________ ANNETTE ST. URBAIN Chief Executive Officer, on behalf of the Ad Hoc Transition Committee

Printed 8/5/16 9:00 AM

REG. WEBLINKBEGIN END FEE FOR MORE INFO

Sep 21 Sep 23 Administrators' Institute CALAPRS Loews Coronado Island, CA $2,500 calaprs.org

Sep 22 Sep 22 Pacific Institutional Real Estate Investor Forum

Markets Group San Francisco, CA N/A marketsgroup.org

Sep 30 Sep 30 Trustees Roundtable CALAPRS Burbank, CA $100 calaprs.org

Oct 17 Oct 19 CRCEA Fall Conference CRCEA Walnut Creek, CA $45 crcea.org

Oct 23 Oct 26 2016 Annual Conference Public Pension Financial Forum

Charleston, SC $475 p2f2.org

Oct 27 Oct 28 Public Pensions and Investments Fiduciaries' Forum

Nossaman San Francisco, CA $275 nossaman.com

Nov 8 Nov 10 Invesco Real Estate US Client Conference

Invesco La Jolla, CA N/A invesco.com

Nov 8 Nov 11 SACRS Fall Conference SACRS Indian Wells, CA $120 sacrs.org

REG. WEBLINKBEGIN END FEE FOR MORE INFO

Jan 25 Jan 27 2017 Visions, Insights & Perspectives Institutional Real Estate Inc. Carlsbad, CA N/A irei.com

2016 CONFERENCES AND EVENTS SCHEDULE 2016

2017 CONFERENCES AND EVENTS SCHEDULE 2017

EVENT DATES 2017 EVENT TITLE EVENT SPONSOR LOCATION

EVENT DATES 2016 EVENT TITLE EVENT SPONSOR LOCATION


2016 Estimated BOR ApprovalEvent Dates Sponsor / Event Description Location Traveler(s) Cost Date

Oct 23 - 26 Public Pension Financial Forum 2016 Annual Conference Charleston, SC Cherng TBD Pending

SAN JOAQUIN COUNTY EMPLOYEES' RETIREMENT ASSOCIATION

SUMMARY OF PENDING TRUSTEE AND EXECUTIVE STAFF TRAVEL

PUBLIC PENSIONFINANCIAL FORUM

13th Annual Conference • From Then to Now

Conference at a Glance

Time Session Name Speaker

8:30 am - 8:50 am Opening Remarks Karen Carraher, Dave DeJonge

8:50 am - 9:40 am The Next Challenge for Public Pension Funds Danny White

9:40 am - 10:30 am GASB Update Michelle Czerkaswski

10:30 am - 10:45 am Beverage and Snack Break

10:45 am - 12:25 pm Plugged In: Leading an Engaged Workforce through Managing Generational Values

Reggie Butler

12:25 pm -1:30 pm Lunch

1:30 pm - 2:20 pm

GASB - OPEB Update

Operational Due Diligence for Alternative Assets

GASB 68 - Census Data Procedures and Year 1 - Looking Forward

Michelle Czerkaswski

Barb Davidson

Erin Higbee, Thomas Rey

2:20 pm - 2:35 pm Beverage Break

2:35 pm - 3:25 pm

GASB - Deep Drive on Fair Value Disclosure Requirements

Private Markets - SEC Compliance

Leveraging Leadership Through Improv

Sandra Carrier, Blake Rodgers

Todd Boudreau, Peter Fetzer, Stuart Fross

Peter Margaritis

3:25 pm - 3:55 pm Ice Cream Social

3:55 pm - 4:45 pm

GASB - Year 2 - Issues and Lessons Learned

Investments: Infrastructure Assets Investing, Operations Due Diligence, and Reporting

Time Out

Brad Berls, Robin Madsen, David Swindell, Brenda Torres

Carmen Alfieri, Samer Ojjeh, Sara Yamotahari

Ria Greiff

4:45 pm - 5:00 pm Break

5:00 pm - 5:50 pm

Lawrence and Karl’s EXCEL-lent Adventure - How to save time and appear brilliant

GIPS Compliance/Performance Measurement

Don’t Get Burned Out

Karl Greve, Lawrence Mundy

Karyn Vincent

Ria Greiff

Monday, October 24, 2016

Time Session Name Speaker7:30 am - 1:00 pm Registration Opens

Pre-Conference

9:00 am - 11:45 am

GASB 72

• Introduction to GASB 72• GASB 72 Fair Value Measurement; Implementation Tips and What You Can

Expect From Your Custodian• Lessons Learned - Early Adopters

Blake Rogers, Sandra CarrierSteve Berggren, Patrick Donohoe, Gregory Johnson, Michael Mykytiw, Matthew BrodinSeth Consoliver, Rob Dolphin, Stacy Easterday

10:15 am - 10:30 am Beverage and Snack Break

9:00 am -11:45 am

Actuarial• Fundamentals• Funding Issues• Field Studies

Eric GaryMita DrazilovMita Drazilov

11:45 am - 1:00 pm Lunch for Pre-Conference attendees

Main Conference

1:00 pm - 2:40 pm Private Equity Fee, ILPA template and transparency initiative Todd Boudreau, Jennifer Choi

2:40 pm - 2:55 pm Beverage and Snack Break

2:55 pm - 4:35 pm Improv is No Joke: Using Improvisation to Create Positive Results Peter Margaritis

5:00 pm - 9:30 pm Welcome Reception - USS Yorktown

Sunday, October 23, 2016

07.13.16

Time Session Name Speaker8:00 am - 8:50 am Cutting through Clutter Steve Crescenzo

8:50 am - 9:05 am Beverage Break

9:05 am - 10:45 am Ethics - From a Business Perspective Dennis Dycus

10:45 am - 11:35 am Taking the Mystery Out of the Media Lauren Hudson

11:35 Am - 1:00 pm Lunch and Business Meeting

1:00 pm - 1:50 pm

Using AICPA/SLGEP Guidance

Tax Withholding Optimization and Global Compliance and Reporting

Writing for Today’s Audiences

Michelle Watterworth

Sarah Belin-Zerbib, Danielle Clark, Leo Naughton, Lisa Parnell

Steve Crescenzo

1:50 pm - 2:05 pm Beverage and Snack Break

2:05 pm - 3:20 pm

Accounting Tips and Tricks

Solutions for Complex Investment Accounting Challenges

Implementing a Paperless Process/Tips and Lessons Learned

Karl Greve, Ken Welch

Scot Leith, Robin Madsen, Liz Rozzell

Barry Faison4:30 pm - 9:30 pm Boone Hall Plantation & Gardens - Dinner and Event

Tuesday, October 25, 2016

Wednesday, October 26, 2016

Time Session Name Speaker8:00 am - 8:50 am Legislative Update Leigh Snell8:55 am - 9:45 am Global Economic Update Asha Bangalore

9:45 am - 10:00 am Beverage Break

10:00 am - 11:40 am Tax Update Mary Beth Braitman, David Levine

11:40 am - 12:45 pm Lunch

12:45 pm - 1:35 pm Cybersecurity Trends and Events F. Alex Brown

1:35 pm - 1:50 pm Beverage Break

1:50 pm - 2:40 pm Enterprise Risk Management Josef Pilger

2:40 pm - 3:30 pm ACA Update Chris Sears

PUBLIC PENSIONFINANCIAL FORUM

13th Annual Conference • From Then to Now

Conference at a Glance

07.13.16


Event Estimated Actual Event ReportDates Sponsor / Event Description Location Traveler(s) Cost Cost Filed2016

Jan 18 - 21 New and existing manager due diligence meetings

Boston, MA; New York, NY

St. Urbain (Sancewich, PCA) $2,620 $1,840

2/26/2016 (PCA Reports on 3

DD Mtgs - Item 7.03)

Jan 27 - 29 2016 VIP Conference Carlsbad, CA St. Urbain, Calkins $5,500 $2,901 2/29/16

Mar 5 - 8 CALAPRS General Assembly Indian Wells, CA

Garman, Miller, Van Houten, Weydert,

Eshoo, Pabst, Calkins

$12,000 $8,796 N/A

Apr 5 - 6 Pension Bridge Annual Conference San Francisco, CA McCray, Calkins $2,000 $1,080 4/15/16

Apr 5 - 6 Miller Global Annual Investor Meeting San Antonio, TX Weydert, St. Urbain $3,800 $2,358 Submitted for 6/9/2016 RE Comm Meeting

Apr 12 - 14 IREI Editorial Board Meeting Ojai, CA Garman $1,750 $395 4/18/16

May 10 - 13 SACRS Spring Conference Costa Mesa, CA Garman, Eshoo, Calkins $8,735 $4,550 N/A

May 16 - 18 CALAPRS Management Academy: Module 2 Pasadena, CA St. Urbain $1,500 $411 N/A

May 22 - 25 GFOA Annual Conference Toronto, Ontario Cherng $2,500 $1,890 6/28/16

Jul 17 - 20 SACRS Public Pension Investment Management Program Berkeley, CA Bassett $4,125 TBD N/A

Jul 18 - 21 FileMaker Developer Conference Las Vegas, NV Claypool $4,025 $3,516 Pending

Aug 9 - 12 CALAPRS Principles of Pension Management for Trustees at Pepperdine Malibu, CA

Miller, St. Urbain

(as Program Faculty)$5,065 TBD N/A

SAN JOAQUIN COUNTY EMPLOYEES' RETIREMENT ASSOCIATION

SUMMARY OF COMPLETED TRUSTEE AND EXECUTIVE STAFF TRAVEL

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The above chart lists a number of popular reclaim markets for U.S. investors and the respective withholding rates ondividend payments. U.S. pensions are entitled to a full refund of withholding tax in all of these markets.

August 21–23, 2016Omni New Haven Hotel at Yale University

New Haven, CT

2016PUBLIC PENSION

FUNDING FORUM

REGISTRATION OPENVisit http://www.ncpers.org/fundingforum or

call 1-877-202-5706 for more information

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N AT I O N A L C O N F E R E N C E O N P U B L I C E M P L O Y E E R E T I R E M E N T S Y S T E M S

The Bipartisan Policy Center, apublic policy think tank thatattempts to find common

ground on issues that often divideDemocrats and Republicans, has putits stake in the ground on retirementsecurity with a plan that would shiftmore authority to the federalgovernment.

In “Securing Our Financial Future:Report of the Commission onRetirement Security and PersonalSavings,” the Center advocatescreating a new retirement arrangementto help workers save efficiently andconsistently. The June 9 report isgrounded in the principles thatAmericans don’t save enough, are atincreasingly high risk of outlivingsavings, lack basic knowledge ofhome equity and personal finance, andface an uncertain future with SocialSecurity.

“Taken together, the recommendationscontained in this report aim to establisha better savings culture and renew thepromise of an adequate retirement —across the income spectrum — forcurrent and future generations ofAmericans,” the Center said.

The centerpiece of the proposals is theRetirement Security Plan. Focused onsmall employers, this plan wouldeliminate hurdles to creating multiple

Bipartisan Policy Center SuggestsShift to Federal Pension Oversight

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employer plans, foster the creation ofautomatic-enrollment plans for allemployees by creating a safe-harboralternative to nondiscriminationtesting, and expand tax incentives. Theplan would also transfer theadministrative and fiduciaryresponsibilities of running a plan to athird party that would be certifiedthrough the oversight of the TreasuryDepartment and Labor Department.

There is much to agree with in theproposals. For example, the Centerunderscored the impact of the pushaway from defined-benefit to defined-contribution plans. “Workers havefound themselves part of a greatexperiment — one that has givenindividuals and families far morecontrol and responsibility forfinancing their retirement, andsimultaneously exposed them togreater risk.” This approach is notworking for many Americans, thecommission noted. “People need theassistance of a well-designed systemas they accumulate, invest, and spenddown their retirement savings. Publicpolicy has a critical role to play infacilitating savings and a secureretirement.”

However, the Center unnecessarilytakes aim at state regulation,advocating for “establishing anationwide minimum-coverage

standard to pre-empt the patchworkof state-by-state regulation that isalready developing.” NCPERSopposes this approach because it fliesin the face of a long-running traditionof keep pension policy at the statelevel. Congress has not succeeded infinding a comprehensive approach toretirement security strategy that isrespectful of the important rolepublic pensions have played fordecades. The states, meanwhile, havefound common ground. Seven statesare already implementing lawscreating a state-initiated retirementplans for private-sector employees –an approach developed by NCPERSthat fuses the best features of publicpensions with more techniques morecommonly deployed in the privatesector.

The commission underscored theimpact of the push away fromdefined-benefit to defined-contribution plans. “Workers havefound themselves part of a greatexperiment — one that has givenindividuals and families far morecontrol and responsibility forfinancing their retirement, andsimultaneously exposed them togreater risk.” This approach is notworking for many Americans, thecommission noted. “People need the

continued on page 2

FEDERAL news

2 • N C P E R S , T h e Vo i c e f o r P u b l i c P e n s i o n s ! J u l y 2 0 1 6

assistance of a well-designed systemas they accumulate, invest, and spenddown their retirement savings. Publicpolicy has a critical role to play infacilitating savings and a secureretirement.”

The study is the product of a 19-member panel made up of economists,academics, lawmakers, governmentofficials, and industry practitioners. Acomplete copy or executive summaryof the report may be downloaded atwww.bipartisanpolicy.org.

Update on Puerto Rico Legislation

On June 9, by a vote of 297-127, theU.S. House approved H.R. 5278,which would create a seven-personoversight board to restructure andmanage Puerto Rico’s escalating debt.Majorities in both parties supportedthe measure. The legislation does notcontain federal reporting requirementson state and local pension plans(commonly known as PEPTA) or theannuity accumulation retirement plan.Both measures are strongly opposedby NCPERS and the public pensioncommunity.

The Senate must now decide how toprocess the House-passed bill andwhether to allow any amendments toit. Senate leadership said previouslythat, if the House passed the measureby a significant bipartisan majority,then it was likely to simply take an up-or-down vote on the House-passedbill. Senate action is expected to takeplace before the end of June.

The serious financial situation inPuerto Rico has been used asjustification to impose reportingrequirements on all state and localgovernmental plans in the 50 states.According to recently completedaudits, Puerto Rico’s largestretirement plan, the Employees’Retirement System, will be insolventsometime in fiscal year 2018, if itstays on its current path. The systemhas only 0.27 percent of fundsnecessary to cover the $30.2 billion itowes current and future retirees. Theargument has been made that, as goesPuerto Rico’s public pensions, so goesthe public pensions in the 50 states.

This link was initially made inlegislation introduced in December2015. At that time, Senate FinanceCommittee Chairman Orrin Hatch (R-UT) introduced S. 2381, his version oflegislation to assist Puerto Rico. Itincluded both the Public EmployeePension Transparency Act (PEPTA)

Bipartisan continued from page 1

and the annuity accumulationretirement plan.

PEPTA would require that, if thefunding status of a plan is notcalculated using fair market value orthe specific interest rates defined inthe legislation, the funding status mustbe recalculated using those interestrates (U.S. Treasury bond yieldcurve). The result of the recalculationwill be that even well-funded pensionplans will appear to be poorly funded.This recalculation does not reflect theactual rates of return of the plans ortheir diverse investments. It will serveonly to create negative headlines thatwill be used by opponents of definedbenefit plans.

The annuity accumulation plan, whilecompletely optional for state and localplan sponsors, is clearly beingpositioned as an alternative and

continued on page 3

N C P E R S , T h e Vo i c e f o r P u b l i c P e n s i o n s ! J u l y 2 0 1 6 • 3

FEDERAL news

ultimate replacement for definedbenefit pension plans. As areplacement plan, it has manydeficiencies. First, for firefighters andother public safety employees, thereare no survivor or disability benefits.These benefits are essential for publicsafety employees and their families.Second, employee contributions to theannuity plans are prohibited; onlyemployers may contribute. This runscounter to the vast majority of fundingstreams for public plans where bothemployees and employers contributeto the plans. Finally, the plan sponsormay choose to lower or not make anycontribution to the plan in any givenyear, provided it is done uniformly.

This creates great uncertainty onwhether the benefit will beconsistently funded year-to-year.

We are pleased that the House did notinclude PEPTA or the annuityaccumulation retirement plan in thelegislation it recently approved. Thebill does contain a provision dealingexclusively with public pension plansin Puerto Rico. If the oversight boarddetermines, in its sole discretion, that apension system of the territorialgovernment is materially underfunded,the oversight board shall conduct ananalysis prepared by an independentactuary of such pension system toassist the oversight board in evaluatingthe fiscal and economic impact of thepension cash flows. NCPERS believes

that this Puerto Rico-specific pensionprovision is entirely appropriate.

Please rest assured that NCPERS willcontinue to be vigilant in its oppositionto PEPTA and the annuityaccumulation plan, particularly as taxand retirement legislation is consideredby Congress in the future. As always,we will keep you apprised of any keydevelopments on these issues. !

Tony Roda is a partner at the Washington,D.C., law and lobbying firm Williams &Jensen, where he specializes in legislativeand regulatory issues affecting state andlocal pension plans. He representsNCPERS and individual pension plans inCalifornia, Ohio, Tennessee, and Texas.

Puerto Rico continued from page 2

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Hank H. Kim, Esq.Executive Director

& CounselExecutive Director's Corner

As we enter the second halfof 2016, it is a natural timeto reflect on what we have

accomplished this year and whatremains to be done. We will havethe opportunity to do just that onJuly 19 when NCPERS hosts itssemi-annual state and federalupdate webcast. The programbegins at 1 pm eastern time, and Ihope you will join us for what iscertain to be an informativediscussion.

Participating alongside me on thewebcast will be Bailey Childers,executive director of the NationalPublic Pension Coalition, andAnthony Roda, of the law firmWilliams & Jensen. Bailey andTony are simply two of the bestthinkers about the current state ofpublic pensions, and I know youwill find their remarks helpful. Themost important thing about thiswebcast is that NCPERS memberswill have the opportunity to askquestions and offer theirperspective. We look forward toyour lively participation.

We have a lot to be proud of thisyear. We staved off significantthreats to public pensions in

Oklahoma, Indiana, and Missouri.And we racked up affirmativevictories in Wisconsin, Kentucky,Alabama, and Louisiana. NewJersey and Maryland became the6th and 7th states respectively tocreate state retirement savingsarrangements for private-sectoremployees. This list, of course, isfar from comprehensive. You willneed to tune in to hear more abouthow the guardians of publicpensions are fighting the good fightat the state level. With most statelegislatures now in recess, we willalso look ahead to where the actionwill be in 2017.

On the federal level, we will hearabout the latest developments in theDepartment of Labor’simplementation of its ERISA safeharbor regulation, which PresidentObama ordered to clear the path forstates to offer retirement savingsarrangements for private-sectorworkers. The proposed regulationwas unveiled last November andthe period for public commentsended in January. A final regulationis expected before the fiscal yearends on September 30. We will hearabout how the Puerto Ricoassistance bill was neutralized to

eliminate anti-pension measures,and we will get an update on otherfederal initiatives and legaldevelopments in the federal courts.

Of course, it’s impossible to lookinto the second half of 2016 withoutmentioning Election Day.Presidential election years tend tobe divisive, as this year’s contestdramatically illustrates. It’s easyduring election season for domesticissues to be crowded out by turmoilelsewhere in the world. We willneed to remain consistent, clear, andsteady advocates for publicpensions throughout this electionseason to ensure that our voices willbe heard over the noise that anyelection generates.

NCPERS is justifiably proud tohave a highly informed andmotivated membership base thattakes threats to the defined benefitplan model very seriously. Ourmembers are our most effectiveadvocates for the protection andpreservation of the pension rights ofhundreds of thousands of public-sector workers and retirees. I urgeyou to carve out an hour from yourday to participate in this importantwebcast. "

Semi-annual State and FederalWebcast Is Slated for July 19

6 • N C P E R S , T h e Vo i c e f o r P u b l i c P e n s i o n s ! J u l y 2 0 1 6

https://www.webcaster4.com/Webcast/Page/219/15942

August 21–23, 2016Omni New Haven Hotel at Yale University

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2016PUBLIC PENSION

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The States continued from page 1

T H E

M O N I T O R The Latest in Legislat ive NewsThe Monitor is published by the National Conference on Public Employee Retirement Systems. Website: www.NCPERS.org • E-mail: [email protected] North Capitol Street, NW, Suite 630 • Washington, DC 20001 • 1-877-202-5706 • (202) 624-1439 (fax)

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