RETIREMENT BOARD MEETING                Retirement Board Conference Room

   FIRST MONTHLY MEETING                   The Willows Office Park

                        9:00 a.m.                               1355 Willow Way

                                                                     Suite 221

                  January 11, 2012                          Concord, California

1.         Pledge of Allegiance.

2.         Recognition of Luz Casas for 15 years of employment.

3.         Public comment.

4.         Approve minutes from the December 14, 2011 meeting.

5.         Routine items for January 11, 2012.

                  a.   Approve certifications of membership.

                  b.   Approve service and disability allowances.

                  c.   Accept disability applications and authorize subpoenas as required.

                  d.   Approve death benefits.

CLOSED SESSION

**        6.     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.   Leo Washington               Service connected               Service connected

b.   Robert Duvall                   Service connected               Service connected

c.   John Higgins                    Service connected               Service connected

d.   Katheryn Bean                 Non-service connected        Non-service connected

7.        The Board will continue in closed session to consider the Hearing Officer’s recommendation regarding the disability application for Steven Christensen.

8.         The Board will continue in closed session under Govt. Code Section 54957 to consider recommendation from the Medical Advisor and/or staff regarding the disability application of Sherri Garcia.

9.         The Board will continue in closed session under Gov. Code Section 54956.9(a)

                    Board of Retirement v. County of Contra Costa, et al.

OPEN SESSION

10.      Consider and take possible action on staff recommendation for asset allocation target changes.

11.      Presentation of Market Stabilization Account for the period ended June 30, 2011.

          12.     Consider authorizing the attendance of Board and/or staff:

                   a.    Spring Conference, Council of Institutional Investors, April 1 - 3, 2012,

                          Washington, DC.

                   b.    Principles of Pension Management, CALAPRS, March 27 – 30, 2012, Palo Alto,

                          CA (note conflict with Board meeting).

                   c.    14^th Annual Conference, Klausner & Kaufman, March 18 – 21, 2012, Ft.

                          Lauderdale, FL (note conflict with Board meeting)

d.        Client Conference, Oaktree, March 14 – 15, 2012,  Beverly Hills, CA (note conflict with Board meeting).

         13.    Miscellaneous

                  a.   Staff Report

                  b.   Outside Professionals’ Report

                  c.    Trustees’ comments