May 2018 Board Meeting

Board materials

NOTE: This link will redirect you to another website. The ERS page on the BoardDocs site includes the materials for the May 2018 ERS Board of Trustees meeting. 

1.  Meeting of the ERS Board of Trustees - ERS Board of Trustees presentation

1. CALL TO ORDER

1.1 Call Meeting of the ERS Board of Trustees to Order - video 1.1.1

2. MINUTES

2.1 Review and Approval of the minutes to the March 7, 2018 ERS Board of Trustees meeting – (Action) - video 1.2.1

3. PENSION FUNDING

3.1 Review and Consideration of Pension Funding Priorities and Guidelines Policy – (Action) - video 1.3.1

4.  INCENTIVE COMPENSATION PLAN

4.1  Review and Discussion of the Incentive Compensation Plan - video 1.4.1

5.  SUNSET

5.1 Review and Discussion of the Sunset Implementation Project Updates - video 1.5.1

6. EXECUTIVE SESSION

6.1 Executive Session – In accordance with Section 551.074,Texas Government Code, the Board of Trustees will meet in executive session to evaluate the duties, performance and compensation of the Executive Director of the Employees Retirement System of Texas. Thereafter, the Board may consider appropriate action in open session. 

6.2  Executive Session – In accordance with Section 815.3016,Texas Government Code, the Board of Trustees will meet in executive session to consider and discuss an alternative investment or a potential alternative investment in a infrastructure funds.  Thereafter, the Board may consider appropriate action in open session. - video 1.6.2

7. RECESS

7.1 Recess of the ERS Board of Trustees.  Following a temporary recess, the Board of Trustees will reconvene its meeting with the Investment Advisory Committee to take up the following joint Board of Trustees and Investment Advisory Committee agenda items.

2.  Joint Meeting of the ERS Board of Trustees and Investment Advisory Committee  - Joint Meeting presentation

1. CALL TO ORDER

1.1 Call Meeting to Reconvene the Board of Trustees

1.2 Call Meeting of the Investment Advisory Committee to Order - video 2.1.2

2. MINUTES

2.1  Review and Approval of the minutes to the March 7, 2018 Joint Meeting of the Board of Trustees And Investment Advisory Committee – (Action) - video 2.2.1

3.  ERS INVESTMENT POLICY

3.1 Review of ERS’ Investment Policy - video 2.3.1

4.  INVESTMENT PERFORMANCE

4.1  Review of Investment Performance for the First Calendar Quarter of 2018 - video 2.4.1

5.  FIXED INCOME PROGRAM

5.1  Market Update and Program Overview - video 2.5.1

5.2  Review of Securities Lending Program - video 2.5.2

6.  REAL ESTATE PROGRAM

6.1  Market Update and Program Overview - video 2.6.1

6.2  Consideration of Proposed Real Estate Annual Tactical Plan for Fiscal Year 2018 – Fiscal Year 2019 –  (Action) - video 2.6.2

7. CALENDAR

7.1 Set 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 2.7.1

8.  ADJOURNMENT/RECESS

8.1 Adjournment of the Joint Meeting of the Board of Trustees and Investment Advisory Committee 

8.2  Recess of the Board of Trustees.   Following a temporary recess, the Board of Trustees will reconvene to take up the remaining Board agenda items.

Continuation of the Meeting of the ERS Board of Trustees

8.  TEXAS EMPLOYEES GROUP BENEFITS PROGRAM

8.1  Review and Consideration of Group Benefits Program Update and Proposed Rates for HealthSelect^SM of Texas and Consumer Directed HealthSelectSM Plans – (Action) - video 2.8.1

8.2  Review and Consideration of Proposed Fees for TexFlex Program – (Action) - video 2.8.2

8.3  Review and Consideration of Proposed Rates for Basic and Optional Term Life, Accidental Death and Dismemberment Plans – (Action) - video 2.8.3

8.4  Review and Consideration of Proposed Rates for Texas Income Protection Plan – (Action) - video 2.8.4

8.5  Review and Consideration of Proposed Rates for State of Texas Dental Choice^SM, Dental Health Maintenance Organization and State of Texas Dental Discount Plan^SM – (Action) - video 2.8.5

8.6  Review and Consideration of Proposed Rates for State of Texas Vision Plan – (Action) - video 2.8.6

8.7  Review and Consideration of Proposed Rates for Health Maintenance Organization Plans – (Action) - video 2.8.7

9. EXECUTIVE DIRECTOR REPORT
9.1 Executive Director Agency Update - video 2.9.1

• Legislative Update 
• Group Benefits Advisory Committee Update
• Summer Enrollment for Plan Year 2019 
• External Review of ERS Publications 
• 200 B Design Build Update 
• 2018 Get Fit Texas State Agency Results 

10. RECESS

10.1 Recess of the ERS Board of Trustees.  Following a temporary recess, the Board of Trustees will reconvene as a committee of the whole to consider Audit Committee agenda items. - video 2.10.1

3.  Meeting of the ERS Board of Trustees’ Audit Committee - Audit Committee presentation

1. CALL TO ORDER

1.1 Call Meeting of the ERS Board of Trustees’ Audit Committee to Order - video 3.1.1

2. MINUTES

2.1 Review and Approval of the minutes to the March 7, 2018 ERS Audit Committee meeting – (Action) - video 3.2.1

3. AUDIT ITEMS

3.1 Review of Internal Audit Reports - video 3.3.1

• Agency Benefit Coordinator Training
• Investment Compliance

4. ADJOURNMENT

4.1 Adjournment of the ERS Board of Trustees Audit Committee - video 3.4.1

4.2 Adjournment of the ERS Board of Trustees - video 3.4.2

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 meeting is scheduled to meet from 8:00 a.m. to approximately 4:00 p.m. on Wednesday, May 23, 2018. During this time frame, it is anticipated that the Board of Trustees will meet from approximately 8:00 a.m. until 10:00 a.m., and then briefly recess before  reconvening for a joint meeting with the Investment Advisory Committee  until approximately 2:00 p.m.  Following adjournment of the Investment Advisory Committee and a temporary recess of the Board of Trustees, the Board will reconvene to take up the remaining Board agenda items until approximately 3:30 p.m.  Thereafter, the Audit Committee of the  Board of Trustees, a committee of the whole, is scheduled to meet until approximately 4:00 p.m.  Meetings and agenda items 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.