Mendocino County, CA
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2025 Agendas and Minutes
2025 Board Meeting Calendar
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Board of Retirement Meeting Location: 625-B Kings Court, Ukiah, CA 95482
Board of Retirement meetings can be watched live or on demand on You Tube.
Public Comment may be made during this meeting in-person, virtually by using the zoom meeting link, or by dialing the meeting call-in number (669) 900-9128 and entering the meeting ID 814 8191 5554. If calling in to a meeting enter *9 to raise your hand to request to speak. Enter *6 to lower your hand when you have finished speaking.
Public Comment on non-agenda items will be allowed after completion of the pledge. Public Comment on individual agenda items will be allowed at the time an agenda item is discussed. Both are limited to 3 minutes per person.
December 17, 2025 Board of Retirement Meeting
- Agenda
- Agenda Item 1, Election of Board of Retirement Officers and Appointments to the Audit Committee for 2025/2026
- Agenda Item 2, Adoption of the 2026 Board Meeting Calendar
- Agenda Item 3, Consent Agenda
- Agenda Item 4, Audit Committee Report and Recommendation to Adopt the Financial Statements and Independent Audit Report for the Fiscal Year Ended June 30, 2025
- Agenda Item 5, Review of Annual Comprehensive Financial Report (ACFR) and Popular Annual Financial Report (PAFR) for the Fiscal Year Ended June 30, 2025
- Agenda Item 6, Investment Matters
- Agenda Item 7, Pensionable Determination of Resident Deputy Bonus Pay Code
- 7a) Resolution 2025-05 Defining Compensation Earnable Pursuant to Government Code §31461 for Members Not Subject to Government Code §7522.34 (Non-PEPRA Members)
- 7b) Resolution 2025-06 Defining Pensionable Compensation Pursuant to Government Code §7522.34 for Members Not Subject to Government Code §31461 (PEPRA Members)
- Agenda Item 8, Conflict of Interest Policy
- Agenda Item 9, Board Meeting Remote Attendance Policy for Trustees
- Agenda Item 10, Direction regarding Request to Publish California Court of Appeals Decision
- Agenda Item 11, Service Provider Evaluations
- Agenda Item 12, Risk Assessment and Agreed-Upon Procedures Update
- Agenda Item 13, Administrative Report
- 13a) Administrative and Operational Update
- 13b) Fiduciary Waiver of Recourse
- 13c) Holiday Office Hours Reminder
- 13d) Form 700 Filing
- Agenda Item 14, State Association of County Retirement Systems (SACRS) Fall Conference Attendance Report
- 14a) Doris Rentschler, Executive Director
- 14b) Alex Land, Board Chair
- 14c) John Haschak, Trustee
- 14d) Jeff Berk, General Counsel
- 14e) F. Robert Reveles, Retirement Financial Investment Officer
- Agenda Item 15, General Board Discussion
- Agenda Item 16, Adjournment and Notice of Next Board of Retirement Meeting
November 19, 2025 Audit Committee Meeting Agenda
November 5, 2025 Board of Retirement Meeting
- Agenda
- Agenda Item 1, Proclamation Honoring Quincy Cromer for His Service to the Mendocino County Employees Retirement Association Board of Retirement
- Agenda Item 2, Consent Agenda
- Agenda Item 3, June 30, 2025 Actuarial Valuation Study
- Agenda Item 4, June 30, 2025 Governmental Accounting Standards (GAS) 67 Actuarial Valuation
- Agenda Item 5, Investment Matters
- Agenda Item 6, State Association of County Retirement Systems (SACRS) Matters
- Agenda Item 7, Fiscal Year 2026 First Quarter Budget Update
- Agenda Item 8, February Educational Off-Site Draft Agenda and Topics
- Agenda Item 9, Administrative Report
- 9a) Administrative and Operational Report
- 9b) Audit Committee Meeting November 19, 2025 at 1:00 pm
- 9c) Fiduciary Insurance Waivers of Recourse Payments
- 9d) Board of Retirement Special Election, Safety Membership
- 9e) Winter Office Closures
- 9f) October 2025 SACRS Legislative Update
- Agenda Item 10, General Board Discussion
- Agenda Item 11, Adjournment and Notice of Next Board of Retirement Meeting
October 15, 2025 Board of Retirement Meeting
- Agenda
- Minutes
- Agenda Item 1, Consideration and Action on Appeal of Correction Notice by Phillip Pintane
- 1a) Presentation of Oral Arguments
- 1b) Closed Session - Significant Exposure to Litigation - Government Code Section 54956.9(d)(2) -Deliberation of Appeal of Correction Notice
- 1c) Action to Approve or Deny the Appeal
- Agenda Item 2, Consent Agenda
- Agenda Item 3, Investment Matters
- 3a) Core Real Estate Manager Discussion Introduction, Callan
- 3b) Harrison Street – Core Plus Real Estate Presentation
- 3c) Bentall Green Oak, Core Plus Real Estate Presentation
- 3d) Kayne Anderson, Core Plus Real Estate Presentation
- 3e) Core Real Estate Manager Selection Discussion, Callan
- 3f) August Monthly Investment Performance Report
- 3g) September Monthly Investment Performance Report
- Agenda Item 4, Final Fiscal Year 2025 Budget Update
- Agenda Item 5, Board Policy Review
- Agenda Item 6, Board Performance Evaluation Report
- Agenda Item 7, Service Provider Evaluations
- Agenda Item 8, Strategic Plan and Board Work Plan Discussion
- 8a) Proposed Updates to 2023-2027 Strategic Plan and Board Work Plan
- 8b) Quarterly Board Work Plan and Strategic Calendar
- Agenda Item 9, Administrative Report
- Agenda Item 10, General Board Discussion
- Agenda Item 11, Adjournment and Notice of Next Board of Retirement Meeting
September 17, 2025 Board of Retirement Meeting
- Agenda
- Minutes
- Agenda Item 1, Consent Agenda
- Agenda Item 2, Investment Matters
- 2a) Core Real Estate Manager Discussion Introduction, Callan
- 2b) Barings LLC – Core Real Estate Presentation
- 2c) Principal Real Estate Investors – Core Real Estate Presentation
- 2d) LaSalle Investment Management – Core Real Estate Presentation
- 2e) Core Real Estate Manager Selection Discussion, Callan
- 2f) Preliminary Monthly Investment Performance Report
- Agenda Item 3, Final Budget Update
- Agenda Item 4, Pensionable Determination of Family Assistance Health Plan (FAHP) Premium Reimbursement Pay Code for County of Mendocino County
- Agenda Item 5, Board Election Policy Review
- Agenda Item 6, Board Performance Evaluation Report
- Agenda Item 7, Service Provider Evaluations
- Agenda Item 8, Updates to Strategic Plan and Board Work Plan
- Agenda Item 9, Administrative Report
- Agenda Item 10, General Board Discussion
- Agenda Item 11, Closed Session
- Agenda Item 12, Report Out of Closed Session
- Agenda Item 13, Adjournment and Notice of Next Board of Retirement Meeting
August 20, 2025 Board of Retirement Meeting
- Agenda
- Minutes
- Agenda Item 1, Consent Agenda
- Agenda Item 2, Investment Matters
- 2a) Quarterly Investment Update, Summary, Callan
- 2b) Quarterly Investment Update, Full Report, Callan
- 2c) Quarterly Real Estate Update
- 2d) Quarterly Infrastructure Update
- 2e) Preliminary Monthly Investment Performance, Callan
- 2f) Real Asset Update, Real Estate, Callan
- 2g) Core Real Estate Manager Search, Callan
- 2h) Core Plus Real Estate Manager Search, Callan
- Agenda Item 3, Fiscal Year 2024-2025 Preliminary Budget Update
- Agenda Item 4, Allowance Under Government Code Section 31764 for Douglas Gherkin
- Agenda Item 5, Trustee Succession Plan
- Agenda Item 6, Administrative Report
- 6a) Administrative and Operations Report
- 6b) SACRS Legislative Update
- Agenda Item 7, General Board Discussion
- Agenda Item 8, Adjournment and Notice of Next Board of Retirement Meeting
July 16, 2025 Board of Retirement Meeting
- Agenda
- Minutes
- Agenda Item 1, Consent Agenda
- Agenda Item 2, Investment Matters
- Agenda Item 3, Cash Flow Projection for Fiscal Years 2025/2026 and 2026/2027
- Agenda Item 4, Board Policy Review
- Agenda Item 5, Quarterly Board Priorities Work Plan and Strategic Calendar Update
- Agenda Item 6, Annual Unrecovered Benefit Overpayments and Underpaid Contributions Report
- Agenda Item 7, Administrative Report
- 7a) Administrative and Operations Report
- 7b) Fall Board Election Schedule
- 7c) SACRS Legislative Update
- Agenda Item 8, General Board Discussion
- Agenda Item 9, Closed Session
- 9a) Public Employee Performance Evaluation, Executive Director, Pursuant to Government Code Section 54957
- Agenda Item 10, Report Out of Closed Session
- Agenda Item 11, Adjournment and Notice of Next Board of Retirement Meeting
July 9, 2025 Audit Committee Meeting
- Agenda
- Minutes
- Agenda Item 1, April 9, 2025 Audit Committee Minutes
- Agenda Item 2, Proposed Audit Plan for the Fiscal Year Ending June 30, 2025
-
Agenda Item 3, General Audit Committee Discussion
June 18, 2025 Board of Retirement Meeting
- Agenda
- Minutes
- Agenda Item 1, Closed Session
- 1a) Service Connected Disability Application, Bonnie Jean Miller, Court Clerk V, Pursuant to Government
Code Section 54957(b) - 1b) Service Connected Disability Application, Luis Espinoza, Sheriff’s Sergent, Pursuant to Government Code
Section 54957(b) - 1c) Public Employee Performance Evaluation, Executive Director, Pursuant to Government Code Section
54957
- 1a) Service Connected Disability Application, Bonnie Jean Miller, Court Clerk V, Pursuant to Government
- Agenda Item 2, Board Policy Review
- Agenda Item 3, Consent Agenda
- Agenda Item 4, Historical Benefit Review Project Status Report and Project Updates
- Agenda Item 5, Investment Matters
- Agenda Item 6, Pensionable Determination of Longevity Pay Code for Russian River Cemetery District
- Agenda Item 7, Administrative Report
- 7a) Administrative and Operational Update
- 7b) SACRS Legislative Update
- Agenda Item 8, General Board Discussion
- Agenda Item 9, Adjournment and Notice of Next Board of Retirement Meeting
May 21, 2025 Board of Retirement Meeting
- Agenda
- Minutes
- Agenda Item 1, Consent Agenda
- Agenda Item 2, Historical Benefit Review Project
- Agenda Item 3, Appeal of Correction Notice by Diana Welch, Domestic Relations Order Recipient
- Agenda Item 4, Investment Matters
- 4a) Real Assets Structure Review – Real Estate and Infrastructure
- 4b) Quarterly Investment Performance Report, Summary
- 4c) Quarterly Investment Performance Report, Full Report
- 4d) IFM Infrastructure Resilience and Transportation Sector Update
- 4e) Quarterly Real Estate Update
- 4d) Quarterly Infrastructure Update
- 4e) Preliminary Monthly Investment Performance Report
- Agenda Item 5, Fiscal Year 2024/2025 Third Quarter Budget Update
- Agenda Item 6, Fiscal Year 2025/2026 Budget Proposal
- Agenda Item 7, Retirement Accountant Classification Discussion
- Agenda Item 8, Service Provider Evaluation Report
- Agenda Item 9, Admin Report
- 9a) Administrative and Operational Update
- 9b) SACRS Legislative Update
- Agenda Item 10, General Board Discussion
- Agenda Item 11, Adjournment and Notice of Next Board of Retirement Meeting
April 16, 2025 Board of Retirement Meeting
- Agenda
- Minutes
- Agenda Item 1, Consent Agenda
- Agenda Item 2, Historical Benefit Review Project
- Agenda Item 3, Investment Matters
- 3a) Introduction to Basel III Global Banking Reforms
- 3b) ArrowMark - Educational Session on Regulatory Capital Relief
- 3c) Preliminary Monthly Investment Performance Report
- Agenda Item 4, Quarterly Board Priorities Work Plan and Strategic Calendar Update
- Agenda Item 5, Board Policy Review
- Agenda Item 6, Audit Committee Recommendation Regarding Agreed-Upon Procedures Auditor (AUP) Engagement
- Agenda Item 7, Administrative Report
- 7a) Administrative and Operational Update
- 7b) SACRS Legislative Update
- Agenda Item 8, General Board Discussion
- Agenda Item 9, Adjournment and Notice of Next Board of Retirement Meeting
April 9, 2025 Audit Committee Meeting
- Agenda
- Agenda Item 1, Minutes of the February 24, 2025 Audit Committee Meeting
- Agenda Item 2, Recommendation to the Board of Retirement Regarding Selection of the Agreed-Upon Procedure (AUP) Auditor
- 2a) Review of AUP Audit Proposals and Ratings
- 2b) Review Selected AUP Auditor Contract
- Agenda Item 3, General Audit Committee Discussion
March 19, 2025 Board of Retirement Meeting
- Agenda
- Minutes
- Agenda Item 1, Election of Board Secretary for 2025 and Appointment to the Audit Committee.
- Agenda Item 2, Consent Agenda
- Agenda Item 3, Historical Benefit Review Project
- Agenda Item 4, Investment Matters
- 4a) Small Cap Manager Discussion Introduction, Callan
- 4b) Brandes-International Small Cap Presentation
- 4c) AQR-International Small Cap Presentation
- 4d) Causeway-International Small Cap Presentation
- 4e) Small Cap Manager Selection Discussion
- 4f) Preliminary Monthly Investment Performance Report, F. Robert Reveles, Retirement Financial Investment Officer.
- Agenda Item 5, Recommend to the County Board of Supervisors Adoption of County Employees Retirement Law (CERL) Government Code Section 31522.2 to Designate the Retirement Financial Investment Officer (RFIO) Position as at the Will of the Board of Retirement
- Agenda Item 6, Administrative Report
- 6a) Administrative and Operations Update
- 6b) SACRS Legislative Update
- Agenda Item 7, General Board Discussion
- Agenda Item 8, Adjournment and Notice of Next Board of Retirement Meeting
February 24, 2025 Audit Committee Meeting
- Agenda
- Minutes
- Agenda Item 1, Approval of the November 19, 2024 Audit Committee Meeting Minutes
- Agenda Item 2, Approval of the Fiscal Year 2025-2026 Internal Audit Plan and Scope of Work
- Agenda Item 3, General Audit Committee Discussion
February 19, 2025 Board of Retirement Meeting
- Agenda
- Minutes
- Agenda Item 1, Swearing in of John Haschak, Third District Supervisor, Appointed by the County Board of Supervisors
- Agenda Item 2, Consent Agenda
- Agenda Item 3, Approval of Cost of Living Adjustment (COLA) as of April 1, 2025
- Agenda Item 4, Historical Benefit Review Project
- Agenda Item 5, Investment Matters
- 5a) Artisan Partners – Sustainable Emerging Markets Presentation
- 5b) RBC Global Asset Management – Emerging Markets Equity Presentation
- 5c) Quarterly Investment Performance Report, Summary, Callan
- 5d) Quarterly Investment Performance Report, Full Report, Callan
- 5e) Quarterly Real Estate Update
- 5f) Quarterly Infrastructure Update
- 5g) January 2025 Preliminary Monthly Investment Report
- Agenda Item 6, Fiscal Year 2024/2025 Second Quarter Budget Update
- Agenda Item 7, Board Policy Review
- Agenda Item 8, Administrative Report
- 8a) Administrative and Operations Update
- 8b) SACRS Legislative Update
- Agenda Item 9, General Board Discussion
- Agenda Item 10, Closed Session
- 10a) Conference with Labor Negotiator Regarding Negotiations with MCERA Staff in the Confidential Unit - Pursuant to Government Code Section 54957.6
- Agenda Item 11, Report Out of Closed Session
- Agenda Item 12, Adjournment and Notice of Next Board of Retirement Meeting
January 15, 2025 Board of Retirement Meeting
- Agenda
- Minutes
- Agenda Item 1, Consent Agenda
- Agenda Item 2, Historical Benefit Review Project
- Agenda Item 3, Investment Matters
- Agenda Item 4, Quarterly Board Work Plan Update
- Agenda Item 5, Administrative Report
- 5a) Administrative and Operations Update
- 5b) Fiduciary Waiver of Recourse
- 5c) SACRS Legislative Update
- Agenda Item 6, General Board Discussion
- Agenda Item 7, Closed Session
- 7a) Conference with Labor Negotiator Regarding Negotiations with MCERA Staff in the Confidential Unit - Pursuant to Government Code Section 54957.6
- Agenda Item 8, Report Out of Closed Session
- Agenda Item 9, Adjournment and Notice of Next Board of Retirement Meeting