RETIREMENT BOARD MEETING Retirement Board Conference Room

FIRST MONTHLY MEETING The Willows Office Park

9:00 a.m. 1355 Willow Way

Suite 221

December 8, 2010 Concord, California

THE RETIREMENT BOARD MAY DISCUSS AND TAKE ACTION ON THE FOLLOWING:

1. Pledge of Allegiance

2. Accept comments from the public.

3. Routine items for December 8, 2010.

a. Approve certifications of membership.

b. Approve service and disability allowances.

c. Accept disability applications and authorize subpoenas as required.

d. Approve death benefits.

4. Presentation from Ice Miller regarding IRS Letter of Determination process and recommended IRS Tax Compliance Policies.

5. Consider and take possible action on IRS Tax Compliance Policies as recommended by Ice Miller.

6. Consider and take possible action on Active Death Disability Retirement Policy.

7. Consider and take possible action to complete and file application for a Letter of Determination with the IRS.

8. Presentation from The Segal Company regarding phase-in of contribution rates.

9. Consider and take possible action on phase-in of contribution rates due to the effects of depooling.

CLOSED SESSION

** 10. The Board will go into closed session under Gov. Code Section 54957 to consider recommendations from the Medical Advisor and/or staff regarding the following disability retirement applications:

Member Type Sought Recommendation

a. Patricia Edwards Non-service Connected Non-service Connected

b. Matthew Wasteney Non-service Connected Non-service Connected

11. The Board will continue in closed session under Gov. Code Section 54957 to consider recommendations from the Medical Advisor and/or staff regarding the disability retirement applications of Maria Gutridge, Marion Anderson, and Kris Gordon.

OPEN SESSION

12. Consider and take possible action on Placement Agent Disclosure Policy.

13. Consider and take possible action on Conflict of Interest Code.

14. Consider and take possible action on Market Stabilization Account.

15. Consider and take possible action on Board meeting calendar for 2011.

16. Consider authorizing the attendance of Board and/or staff

a. Public Funds Roundtable, Institutional Investor, April 6 – 8, 2011, San Diego, CA.

b. 2011 Legislative Conference, NCPERS, January 30 – February 1, 2011, Washington, DC.

c. Visions, Insights & Perspectives, Institutional Real Estate Inc., February 1 – 3, 2011, Dana Point, CA.