May 2017 Board Meeting

JOINT MEETING OF THE BOARD OF TRUSTEES AND
INVESTMENT ADVISORY COMMITTEE

ERS Building – Board Room
200 E. 18th Street, Austin, Texas 78701
May 17, 2017

> Complete presentation (pdf)

> Board materials
NOTE: This link will redirect you to another website. The ERS page on the BoardDocs site includes the materials for the May 2017 ERS Board of Trustees meeting, as they become available.

Meeting of the ERS Board of Trustees’ Audit Committee

1. Call to Order
1.1 Call Meeting to Order (video)

2. Minutes
2.1 Approval of the Minutes to the February 22, 2017 ERS Audit Committee Meeting – (Action) (video)

3. Audit Items
3.1 Review of Internal Audit Reports (video)

4. Adjournment
4.1 ADJOURNMENT OF THE ERS BOARD OF TRUSTEES AUDIT COMMITTEE AND RECESS OF THE BOARD OF TRUSTEES - Following a temporary recess, the Board of Trustees will reconvene with the Investment Advisory Committee to take up the following Joint Board of Trustees and Investment Advisory Committee agenda items.

Joint Meeting of the ERS Board of Trustees and Investment Advisory Committee

1. Call to Order
1.1 Call Meeting to Order (video)

2. New Appointment
2.1 Consideration of Appointment to the Investment Advisory Committee – (Action) (video)

3. Minutes
3.1 Approval of the Minutes to the February 22, 2017 Joint Meeting of the Board of Trustees and Investment Advisory Committee – (Action) (video)

4. Investment Performance
4.1 Review of Investment Performance for First Calendar Quarter of 2017 (video)

5. *Experience Study
5.1 *Review of Pension Experience Study Background and Process (Educational Presentation) (video)

6. Asset Allocation
6.1 Review of ERS’ Asset Allocation Study (video)

7. Fixed Income Program
7.1 Market Update Overview of the Fixed Income Program (video)

7.2 Review of Securities Lending Program of the Fixed Income Program (video)

8. Real Estate Program
8.1 Market Update Overview of the Real Estate Program (video)

8.2 Consideration of Proposed Private Real Estate Annual Tactical Plan for Fiscal Year 2018 – (Action) (video)

9. Adjournment
9.1 ADJOURNMENT OF THE JOINT MEETING OF THE BOARD OF TRUSTEES AND INVESTMENT ADVISORY COMMITTEE AND RECESS OF THE BOARD OF TRUSTEES - Following a temporary recess, the Board of Trustees will reconvene to take up the remaining agenda items. (video)

Meeting of the ERS Board of Trustees

1. Call to Order
1.1 Call Meeting to Order (video)

2. Minutes
2.1 Approval of the Minutes to the February 22, 2017 Meeting of the Board of Trustees – (Action) (video)

3. Group Benefits Program Update
3.1 Consideration of Contract Award Recommendation for Health Savings Account Administrator of the Texas Employees Group Benefits Program – (Action) (video)

3.2 Consideration of Contract Award Recommendation for the Texas Income Protection Plan of the Texas Employees Group Benefits Program – (Action) (video)

3.3 Consideration of TexFlex Program Proposed Fees and Rates of the Texas Employees Group Benefits Program for Fiscal Year 2018 – (Action) (video)

3.4 Consideration of Basic and Optional Term Life, Accidental Death and Dismemberment Proposed Rates of the Texas Employees Group Benefits Program for Fiscal Year 2018 – (Action) (video)

3.5 Consideration of Proposed Rates for the Texas Income Protection Plan of the Texas Employees Group Benefits Program for Fiscal Year 2018 - (Action) (video)

3.6 Consideration of State of Texas Dental Choice, Dental Health Maintenance Organization and Dental Discount Plan Proposed Rates of the Texas Employees Group Benefits Program for Fiscal Year 2018 – (Action) (video)

3.7 Consideration of Proposed Rates for the State of Texas Vision Plan of the Texas Employees Group Benefits Program for Fiscal Year 2018 – (Action) (video)

3.8 Consideration of GBP Financial Status Update and Rate Proposals for HealthSelect of Texas and Consumer Directed HealthSelect of the Texas Employees Group Benefits Program for Fiscal Year 2018 – (Action) (video)

3.9 Consideration of Health Maintenance Organization Proposed Rates of the Texas Employees Group Benefits Program for Fiscal Year 2018 – (Action) (video)

4. Incentive Compensation Plan
4.1 Review of Incentive Compensation Plan (video)

5. Legislative Update
5.1 Discussion of Sunset Update, Legislative Update and Group Benefits Program Advisory Structure (video)

6. Executive Director Report
6.1 Executive Director Agency Update (video)

  • New Trustee Elected to Board
  • Summer Enrollment for Plan Year 2018
  • 2017 Everything’s Fitter in Texas Challenge
  • State Employee Charitable Campaign

7. Executive Session
7.1 Executive Session: In accordance with Sections 551.072 and 551.074, Texas Government Code, the Board of Trustees will meet in executive session to deliberate the purchase, exchange, lease, or value of the ERS building and to evaluate the duties and performance of the Executive Director of the Employees Retirement System of Texas. Thereafter, the Board may consider appropriate action in open session. (video)

8. Calendar
8.1 Set Date for the Next Joint Meeting of the ERS Board of Trustees and Investment Advisory Committee, the Next Meeting of the Board of Trustees and the Next Meeting of the Audit Committee (video)

9. Adjournment
9.1 ADJOURNMENT OF THE BOARD OF TRUSTEES