Report to Board of Administration

Transcription

1 Report to Board of dministration genda of: JUNE 14, 2016 From: Thomas Moutes, General Manager ITEM: II-E : PROPOSED LIST OF PRE-PPROVED BORD EDUCTIONL SEMINRS FOR FISCL YER ND POSSIBLE BORD CTION Recommendation: That the Board approve the Proposed Pre-pproved List of Educational Seminars for FY Discussion: The LCERS Board Education Travel Policy is intended to affirm education as an essential component of a trustee s fiduciary responsibility. The aim of the policy is to ensure that each Trustee fulfils the Prudent Person Standard requisite by developing and maintaining their knowledge of public pension administration through exposure to current benefit, financial, and policy information to develop a sound understanding of issues and topics that may directly impact LCERS. This fiduciary responsibility imposes a continuing need for Board Members to attend professional and educational conferences, seminars, and other educational events. Pursuant to the Policy, the maximum annual allocation for Trustee is $10,000 for conference and other travel expenses. Prior to the beginning of each fiscal year, the Board pre-approves, for administrative efficiency, the travel authority for a list of designated conferences/educational seminars. This list will include all conferences deemed by the Board to meet the standard of having a solid reputation for quality program content. The Proposed List of Pre-pproved Educational Seminars for Fiscal Year , incorporates all the conferences from the previous year s pre-approved list. lso attached to this report are conferences that were brought to the Board for consideration and approved on a case-by-case basis. These conferences may be included, in part or whole, in the designated list of pre-approved educational seminars for the coming fiscal year, at the discretion of the Board based on the standards indicated above. Conferences not adopted in the Pre-pproved List of Educational Seminars for Fiscal Year will require discrete Board approval. This report was prepared by Tanzi Cole, Commission Executive ssistant. ttachments: ) Proposed List of Educational Seminars for Fiscal Year B) dditional Educational Seminars pproved by the Board during Fiscal Year

2 TTCHMENT LOS NGELES CITY EMPLOYEES RETIREMENT SYSTEM LIST OF EDUCTIONL SEMINRS FISCL YER CONFERENCE / SEMINR / MEETING California ssociation of Public Retirement Systems (CLPRS) General ssembly (Date and Location TBD) CLPRS Trustee Training* Principles of Pension Management Course New Trustee Course: ugust 9-12, 2016 (Pepperdine - Malibu, C)** dvanced Trustee Course: January 27-29, 2017 (UCL - Westwood, C)** CLPRS Trustees Roundtable June 10, 2016 June 2017 (Exact Date and Location TBD) Council of Institutional Investors (CII) Fall Meeting and Spring Meeting Fall 2016 Conference: September 28 - September 30, 2016 (Chicago, IL) Spring 2017 Conference: (Exact Dates and Location TBD) Plans (IFEBP) dvanced Trustees nd dministrators Institute February 2017 (Exact Dates and Location TBD) Plans (IFEBP) Health Care Cost Management Course October 7-8, 2016 (Boston, M) MTTER udit & Strategic udit & Strategic udit & Strategic udit & Strategic Plan dmin TRUSTEE EVLUTION TRUSTEE RTING Excellent C Good dvanced D Not Beneficial (Rogers, 2016) 2015) Intermediate (Bardwell, 2011) 2014) B (Penichet, 2011) Intermediate B Spring 2015) Spring 2012) (Rogers, Spring 2012) dvanced Page 1 of 3

3 CONFERENCE / SEMINR / MEETING Plans (IFEBP) New Trustees Institute November 12-14, 2016 (Orlando, FL) Plans (IFEBP) U.S. nnual Employee Benefits Conference November 13-16, 2016 (Orlando, FL) Plans (IFEBP) The Wharton School lternative Strategies Program (formerly known as the Hedge Funds, Real Estate and Other lternative Course) July 27-29, 2016 (San Francisco, C) MTTER Plan dmin Plan dmin TRUSTEE EVLUTION TRUSTEE RTING Excellent C Good dvanced D Not Beneficial International Foundation of Employee Benefits Plan (IFEBP) The Wharton School Portfolio Concepts and Management Course* 2010) (Dates TBD Philadelphia, P) Retirement Systems (NCPERS) nnual Conference and Exhibition May 21-24, 2017 (Hollywood, FL) 2016) B (Ruiz, 2016) Retirement Systems (NCPERS) Trustee Educational Seminar May 20-21, 2017 (Hollywood, FL) Retirement Systems (NCPERS) nnual Legislative Conference January 29-31, 2017 (Washington DC) 2011) Page 2 of 3

4 CONFERENCE / SEMINR / MEETING Pacific Pension Institute (PPI) Winter Roundtable and Summer Roundtable Summer Roundtable: July 27-29, 2016 (Cambridge, M) Winter Roundtable: February 2017 (Exact Dates and Location TBD) Pension Real Estate ssociation (PRE) 2017 Spring Conference March 2017 (Exact Dates and Location TBD) Pension Real Estate ssociation (PRE) 26 th nnual Plan Sponsor Real Estate Conference September 28 - September 30, 2016 (Washington DC) State ssociation of County Retirement Systems (SCRS) Fall 2016 Conference November 8-11, 2016 (Indian Wells, C) State ssociation of County Retirement Systems (SCRS) Public Pension Investment Management Program 2016 July 17-20, 2016 (Berkeley, C) State ssociation of County Retirement Systems (SCRS) Spring 2016 Conference May 16-19, 2017 (Napa, C) MTTER TRUSTEE EVLUTION TRUSTEE RTING Excellent C Good dvanced D Not Beneficial 2014) (Greenwood 2011) B (Rogers, 2011) Intermediate 2015) * Recommended for new Trustee first-year curriculum. ** Local Conference Page 3 of 3

5 TTCHMENT B LOS NGELES CITY EMPLOYEES RETIREMENT SYSTEM DDITIONL EDUCTIONL SEMINRS PPROVED BY THE BORD FY CONFERENCES / SEMINRS / MEETINGS nnual lpha Hedge West Conference San Francisco, C ttendance: Commissioner Rogers, September 27-29, 2015 Women Investors Forum New York, New York ttendance: Commissioner Greenwood, September 9, 2015 Opal Financial Group Public Funds Summit Scottsdale, Z ttendance: Commissioner Rogers, January 13-15, 2016 Western Economic ssociation International Portland, Oregon MTTER ttendance: Commissioner Sohn, June 29-July 3, 2016