Agenda
Packet

The Retirement Board May Discuss And Take Action On The Following:

1. Pledge of Allegiance.
    
2. Public Comment (3 minutes/speaker).

DISCUSSION ITEMS

3. Review of total portfolio performance for period ending March 31, 2025. (Presentation Item)
   1. Presentation from Verus
   2. Presentation from staff
4. Report from Investment Committee Chair on May 7, 2025 meeting.
    
5. Reports. (Presentation item)
   1. Trustee reports on meetings, seminars and conferences.
   2. Staff reports

CLOSED SESSION

6. CONFERENCE WITH LABOR NEGOTIATOR
   (Government Code Section 54957.6)
   
   Agency designated representative:
   Lisa Charbonneau, CCCERA’s Chief Negotiator
   Unrepresented Employee: Chief Executive Officer
    
7. The Board will continue in closed session pursuant to Govt. Code Section 54956.9(d)(1) to confer with legal counsel regarding pending litigation:
   1. CCCERA, et al. v. Valeant Pharms. Int’l, Inc., et al., United States District Court, New Jersey (3:17-cv-12088)

OPEN SESSION

8. Consider and take possible action to:
   1. Approve one of the Board Resolutions 2025-2 setting the compensation of the Chief Executive Officer effective May 1, 2025; and
   2. Approve the Unrepresented Employees Resolution 2025-3, which contains the updated CEO salary that corresponds with the Board Resolution 2025-2 approved in item a.

The next meeting is currently scheduled for June 4, 2025 at 9:00 a.m.

Adjourn