RETIREMENT BOARD MEETING Retirement Board Conference Room

SECOND MONTHLY MEETING The Willows Office Park

9:00 a.m. 1355 Willow Way

Suite 221

January 26, 2011 Concord, California

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

1. Pledge of Allegiance.

2. Accept comments from the public.

3. Approve minutes from the January 12, 2011 meeting.

4. Presentation and discussion with investment consultant regarding the triennial Asset Allocation Study.

5. Consider and take possible action to begin the triennial Asset Allocation Study.

6. Consider and take possible action on staff recommendation for Securities Litigation Monitoring Services.

7. Consider and take possible action on Carpenters Community BancFund.

8. Miscellaneous

a. Staff Report

b. Outside Professionals’ Report

c. Trustees’ comments