This is the tentative schedule for the meeting. The Board reserves the right to take items in a different order to accomplish business in the most efficient manner.

This agenda was posted at:

PERS, 693 West Nye Lane, Carson City
State Department of Personnel, Blasdel Building, Carson City
Clark County School District, 2832 Flamingo Rd., Las Vegas
Washoe County, 1001 East 9th Street, Reno

In addition, the agenda was mailed to every public employer, the news media, and other groups and individuals as requested.

I. INVESTMENTS

1. Bond Management Fundamentals

II. ADMINISTRATION

1. Administrative Budge Review

III. QUESTIONS AND ANSWERS

IV. RECESS

This is an educational session for the Board which is informational only. The Board is not expected to take action on any of these items.

I. INVESTMENTS

1. Lehman Aggregate Index Manager Interviews. (Action)
2. Quarterly Performance Review - PERS, Legislators' and Judicial funds. (Information)
3. Interim Investment Directives - PERS, Legislators' and Judicial funds. (Action)

II. BOARD

1. Minutes of the Retirement Board meeting and Closed Litigation Session held April 17, 2002 in Las Vegas. (Action)
2. Retirement Board meeting dates. (Action)

III. ADMINISTRATION

1. Evaluation of disability retirement matters. (Action)
2. Minutes and recommendations of the Police and Firemen's Retirement Fund Advisory Committee meeting held April 18, 2002. (Action)
3. Retiree Profile Report. (Information)
4. Report by the Deputy Attorney General. (Information)
5. Individual statements and/or requests by the members, retired employees and/or the public. (Information)
6. Administrative report by Staff. (Information)
7. Questions and/or comments by members of the Retirement Board. (Information)

IV. LEGISLATION

1. Legislative matters that develop after publication of the agenda and which, due to scheduling, must be acted upon at this time. (Action)

V. RATIFICATION AGENDA (All items in this section will have action taken.)

1. Approval of Administrative Fund disbursements.
2. Approval of personnel action.
3. Retroactive approval of Criterion Investment Management's fee exhibits for the PERS', Legislators' and Judicial portfolios effective April 17, 2002.
4. Retroactive approval of Investment Performance Guidelines and Amended Temporary Fee Agreements with Lincoln, Payden & Rygel, and State Street Research and Management effective April 17, 2002.
5. Approval of out-of-state travel for the Investment Officer to participate as a panelist at the Alaska Permanent Fund's investment seminar in Seattle, Washington on May 23, 2002.
6. Approval of out-of-state travel for the Assistant Investment Officer and the Administrative Analyst to attend a performance measurement meeting in Callan's San Francisco office on Wednesday, June 5, 2002.
7. Approval of a Phase-In Retirement Agreement between Janice Painter and the University of Nevada, Reno.

VI. DENIALS

VII. REPORTS