RETIREMENT BOARD MEETING Retirement Board Conference Room

SPECIAL BOARD MEETING The Willows Office Park

9:00 a.m. 1355 Willow Way

Suite 221

April 21, 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. Discussion with consultant regarding managers scheduled to present.

4. Manager presentations:

High Yield Fixed Income

9:15 a.m. – 9:45 a.m. Allianz Global Investors

International Equity

9:50 a.m. – 10:20 a.m. GMO

10:20 a.m. – 10:40 a.m. Break

Global Equity

10:40 a.m. – 11:10 a.m. J.P. Morgan Asset Management

Small Cap Domestic Equity

11:15 a.m. – 11:45 a.m. Emerald Advisors

11:45 a.m. – 12:00 p.m. Break

Real Estate (REITs)

12:00 p.m. – 12:30 p.m. Adelante

5. Consider and take possible action on the April 27, 2011 meeting.

6. Miscellaneous

a. Staff Report

b. Outside Professionals’ Report

c. Trustees’ comments