The Retirement Board May Discuss and Take Action on the Following:

1. Pledge of Allegiance.
2. Public comment.
3. Approve minutes from the January 11, 2012 meeting.
   Presentation Material
4. Educational presentation from The Segal Company on Asset Smoothing and the Market Stabilization Account.
   Presentation Material

Closed Session

5. The Board will go into closed session under Gov. Code Section 54957 to consider recommendations from the Medical Advisor and/or staff regarding the following disability retirement applications:

   Member	Type Sought	Recommendation
   Tamara Ashton	Service Connected	Service Connected
   Judith Chase	Service Connected	Service Connected
   Steve Plunket	Non-service Connected	Non-service Connected
   Aaron Pedro Da La Sol	Service Connected	Service Connected
   Felicia Walker	Non-service Connected	Non-service Connected

6. The Board will continue in closed session to consider the Hearing Officer’s recommendation regarding the disability application for Tonja Dejesus-Cruze.
7. The Board will continue in closed session to consider the Hearing Officer’s recommendation regarding the disability application for Verla Lofton.

Open Session

8. Consider and take possible action on staff recommendation for Benefits Department staffing on an interim basis.
   Presentation Material
9. Consider and take possible action to appoint an ad hoc committee for Chief Investment Officer recruitment.
10. Consider authorizing the attendance of Board and/or staff:
    1. Client Conference, Angelo Gordon, April 3 – 4, 2012, New York, NY.
    2. Client Conference, Emerald Investments, February 7, 2012, Philadelphia, PA.
    3. LA Trustees Roundup, February 27 – 28, 2012, Los Angeles, CA.
11. Miscellaneous
    1. Staff Report
    2. Outside Professionals’ Report
    3. Trustees’ comments