Current Info

AGENDA for the RETIREMENT BOARD MEETING
to be held in the
RETIREMENT SYSTEM BOARD ROOM
693 West Nye Lane, Carson City, Nevada

Tuesday, June 17, 2003

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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.

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PERS, 693 West Nye Lane, Carson City
State Department of Personnel, Blasdel Building, Carson City
Clark County School District, 2832 Flamingo Rd., Las Vegas
PERS, 5820 South Eastern Ave, Suite 220, 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.

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1. INVESTMENTS

   1. L&B Realty Advisors, Special Report. (Action)

   2. SSR Realty Advisors, Annual Portfolio Review presentation. (Action)

   3. Banc One, Active U.S. Bond portfolio presentation. (Information)

   4. International Stock Index Management Interviews. (Action)

   5. Investment Objectives and Policies, PERS', Legislators', and Judicial funds. (Action)

   6. Interim Investment Directives, PERS', Legislators', and Judicial funds. (Action)

2. BOARD

   1. Minutes of the Retirement Board meeting held May 22, 2003. (Action)

   2. Retirement Board meeting dates. (Action)

3. ADMINISTRATION

   1. Evaluation of disability retirement matters. (Action)

   2. PERS' Proposed Policy Additions - Update. (Information)

   3. Contract renewal with The Segal Company for Actuarial and Benefit Consulting Services for fiscal years 2004 and 2005. (Action)

   4. Contract renewal for PERS' Medical Consultant, Bruce Nickles, M.D. for the period July 1, 2003 through June 30, 2005. (Action)

   5. Independent Contract with Covansys, Inc. to upgrade all of the software packages that are part of the C*A*R*S*O*N system at a cost not to exceed $1,021,146, effective July 1, 2003.

   6. Independent Contract with Covansys, Inc. for support of the completed technology replacement project (C*A*R*S*O*N) at a cost not to exceed $541,440, effective July 1, 2003.

   7. Report by the Deputy Attorney General. (Information)

   8. Individual statements and/or requests by the members, retired employees and/or the public. (Information)

   9. Administrative report by Staff. (Information)

   10. Questions and/or comments by members of the Retirement Board. (Information)

4. LEGISLATION

   1. 2003 Legislative Status Report. (Information)

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

5. 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 Investment Performance Guidelines and amended management fee agreement with Payden & Rygel for an international bond index mandate, effective June 2, 2003.

   4. Retroactive approval of an Investment Management Agreement and Investment Performance Guidelines with UBS Global Asset Management for an international bond index mandate, effective June 2, 2003.

   5. Retroactive approval of Investment Management Agreement and Investment Performance Guidelines with Dodge & Cox, effective May 27, 2003.

   6. Retroactive approval of Investment Performance Guidelines with Payden & Rygel for a temporary U.S. bond mandate, effective May 22, 2003.

   7. Approval of Independent Contract with Employees Company of Nevada, Inc. for temporary staff for the period of July 1, 2003 through June 30, 2004, at a cost not to exceed $25,000.

   8. Approval of TEAM A Washoe Charter School's request for membership in PERS, effective August 1, 2003.

   9. Approval of out-of-state travel for Chairman Charles Silvestri to speak at the 8th Annual Fire & Police Pension Funds Summit in Monterey, California on June 22-25, 2003.

   10. Approval of Final Benefit Audit Reports for January and February 2002.

   11. Approval of Benefit Payment Audit Reports for June, September, and December 2002.

6. DENIALS
   
   

7. REPORTS
   
   
   

   NOTE: We are pleased to make reasonable accommodations for persons who are disabled and wish to attend the meeting. If special arrangements are required, please notify Karen Kimball, in writing, 693 West Nye Lane, Carson City, NV 89703, or by calling (775) 687-4200, as soon as possible.