March 2020 Board Meeting

Board materials

NOTE: This link redirects you to another website which hosts materials for ERS Board of Trustee meetings.

Meeting of the ERS Board of Trustees' Audit Committee, Audit Committee presentation, Audit Committee minutes

1. Call Meeting of the ERS Board of Trustees Audit Committee to order, video 1, materials 1
2. Review and Approval of the minutes to the December 10, 2019 ERS Audit Committee Meeting - (ACTION), video 2, materials 2
3. Review of External Audit Reports, video 3, materials 3
   • Audit Report of the Employee's Retirement System's Fiscal Year 2019 Financial Statements
4. Review of Internal Audit Reports, video 4, materials 4
   • Information Technology Governance Review
   • Status of Audit Recommendations
5. Review of Internal Audit Administrative Items, video 5, materials 5
   • Internal Audit Charter
6. Adjournment of the ERS Board of Trustees Audit Committee Meeting, video 6, materials 6

Joint Meeting of the ERS Board of Trustees and Investment Advisory Committee, Joint Board of Trustees and IAC presentation, Joint Board of Trustees and IAC minutes

7. Call Meeting of the Board of Trustees to Order, video 7, materials 7
8. Call Meeting of the Investment Advisory Committee to Order, video 8, materials 8
9. Review and Approval of the Minutes to the December 11, 2019 Joint Meeting of the Board of Trustees and Investment Advisory Committee - (ACTION), video 9, materials 9
10. Review and Consideration of New Appointment to the Investment Advisory Committee (ACTION), video 10, materials 10
11. Review of ERS' Asset Allocation and Implementation, video 11, materials 11
12. *Review of Pension Experience Study Process and Preliminary Results, video 12, materials 12
13. *Review and Discussion of the ERS Investment Compliance Program, video 13, materials 13
14. Review and Discussion of Eligibility and Compliance for Calendar Year 2020 of the Investment Advisory Committee, video 14, materials 14
15. *Review of the Investment Performance for Fourth Calendar Quarter of 2019 and Risk Update, video 15, materials 15
16. *Global Public Equity Market Update and Program Overview, video 16, materials 16
    17. *Opportunistic Credit Program - Market Update and Consideration of Proposed Opportunistic Credit Tactical Plan for Fiscal Year 2020 - (ACTION), video 17, materials 17
18. Review, Discussion and Consideration of Contract Award Recommendation for Global Custody Services - (ACTION - Board Only Vote), video 18, materials 18
19. *Review and Discussion of ERS' Investment Practices and Performance Relating to Senate Bill 322, video 19, materials 19
20. Review, Discussion and Consideration of Contract Award Recommendation for Private Equity Consulting Services - (ACTION - Board Only Vote), video 20, materials 20
21. Reminder 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 21, materials 21
22. Adjournment of the Joint Meeting of the Board of Trustees and Investment Advisory Committee, video 22, materials 22
23. Recess of the Board of Trustees. Following a temporary recess, the Board of Trustees will reconvene to take up the Board agenda items

Meeting of the ERS Board of Trustees, Board of Trustees presentation, Board of Trustees minutes

24. Call Meeting of the ERS Board of Trustees to Order, video 24, materials 24
25. Review and Approval of the Minutes to the December 10, 2019 ERS Board of Trustees Meeting - (ACTION), video 25, materials 25
26. Review, Discussion and Consideration of update to the Tobacco Certification Policy (ACTION), video 26, materials 26
27. Review and Discussion of the Texas Employees Group Benefits Program (GBP) Update, video 27, materials 27
28. Review and Discussion of the Texa$aver 401(k)/457 Program Performance Review, video 28, materials 28
29. Review, Discussion and Consideration of the Proposed Texa$aver 401(k)/457 Program Rates - (ACTION), video 29, materials 29
30. Agency Update, video 30, materials 30
    • Legislative Interim Activities
    • ERS Strategic Plan Update for FY 2021-2025
    • Customer Benefits Update
    • Major Publications
    • Survey of Employee Engagement
    • 2020 Get Fit Texas State Challenge
31. Executive Session - In accordance with Section 551.089, Texas Government Code, the Board of Trustees will meet in executive session to discuss: (1) security assessments or deployments relating to information resources technology; (2) network security information as described by Section 2059.055(b); or (3) the deployment, or specific occasions for implementation, of security personnel, critical infrastructure, or security devices and/or (4) a security audit. Thereafter, the Board may consider appropriate action in open session., video 31, materials 31
32. Adjournment of the Board of Trustees meeting, video 32, materials 32

* We are accredited by the State Pension Review Board (PRB) as a Minimum Educational Training (MET) sponsor for Texas public retirement systems. This accreditation does not constitute an endorsement by the PRB as to the quality of our MET program. These agenda items may be considered in-house training provided by ERS to board trustees and the system administrator for purposes of fulfilling the MET program requirements. ERS is an accredited sponsor of MET for its system administrator and trustees.

NOTES:  

1. Persons with disabilities who plan to attend this meeting and who may need special assistance are requested to contact Kelley Davenport at (512) 867-7772 three to five (3-5) working days prior to the meeting date so that appropriate arrangements can be made.
2. The Employees Retirement System of Texas Board of Trustees will convene as a committee of the whole on Wednesday, March 11, 2020 to take up Audit agenda items from 8:00 a.m. to approximately 8:40 a.m., Joint Board of Trustees and Investment Advisory Committee items from 8:50 a.m. to approximately 2:25 p.m., and the Board of Trustees meeting items from 2:25 p.m. to approximately 5:05 p.m., but may hear those items before or after the anticipated time frame. Meetings are tentatively scheduled to follow each other consecutively, but they may start earlier or later than the posted time depending on the length of the discussions within each agenda item and meeting and other circumstances not presently anticipated. Please note that the estimated times and sequence of agenda items are only approximate, and the time reflected in the posted agenda item, order of meetings or agenda items may be moved or adjusted as necessary.