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California Secure Choice Retirement Savings Investment Board (CalSavers)

2018 Board Meetings

Executed Resolutions

Board meeting agendas shall be posted no later than ten days prior to each meeting. Individual agenda items will be posted prior to the meeting as they become available. The public shall be notified as the items are posted.

• November 19, 2018
  • Agenda
  • Item 1 – Minutes
  • Item 2 – Executive Director’s Report
    • Attachment 1 – Budget Report (through July 31, 2018)
  • Item 3 – Implementation Update
    • Attachment 1 – Presentation
  • Item 4 – Release of RFP for ESG Investment Option
    • Attachment 1 – RFP No. CSCRSIB06-18
    • Attachment 2 – Resolution No. 2018-12
• November 6, 2018
  • Agenda
  • Agenda Item 2 – Minutes
  • Item 3 - Adoption of Regulations and Authority to Conduct Rulemaking
    • Attachment 1 – Proposed Regulations (clean version)
    • Attachment 2 – Proposed Regulations (all changes from 10/12/18 version)
    • Attachment 3 – Proposed Regulations (all changes from 10/30/18 version)
    • Attachment 4 – Resolution 2018-11
• October 16, 2018
  • Agenda
  • Closed Session
  • Agenda Item 1 – Litigation (Government Code Section 11126(e)(1)) – Discussion with Legal Counsel Regarding Litigation (Howard Jarvis Taxpayers Ass’n., et al. v. The California Secure Choice Retirement Savings Program, et al., Eastern District of California Case No. 2:18-cv-01584-MCE-KJN)
  • Open Session
  • Agenda Item 2 – Minutes
  • Item 3 – Executive Director’s Report
    • Attachment 1 – Risk Management Report
    • Attachment 2 – Informal Researchers Network
  • Agenda Item 4 – Implementation Update
    • Attachment 1 – Presentation
  • Agenda Item 5 – Marketing and Outreach Plan
  • Agenda Item 6 – ESG Investment Option
  • Agenda Item 7 – State Administrative Fee
• September 24, 2018
  • Agenda
  • Open Session
  • Agenda Item 1 – Minutes
  • Agenda Item 2 – Executive Director's Report
  • Agenda Item 3 – Ascensus Presentation and Implementation Update
    • Attachment 1 – Implementation Update Presentation
  • Agenda Item 4 – Approval of Administrative Benchmarks for Agreement CSCRSIB07-17A
    • Attachment 1 – Proposed Administrative Benchmarks
  • Agenda Item 5 – Approval of Investment Options Labels
  • Agenda Item 6 – Approval of Proposed Regulations and Authority to Initiate Rulemaking
    • Attachment 1 – Draft Regulations (Clean Version) - Updated 9/21/2018
    • Attachment 2 – Draft Regulations (with redlined edits) - Updated 9/21/2018
    • Attachment 3 – Presentation on Draft Regulations (Revised 9/20/18)
    • Attachment 4 – Rulemaking Timeline
    • Attachment 5 – Resolution No. 2018-10
  • Closed Session
  • Agenda Item 7 – Litigation (Government Code Section 11126(e)(1)) – Discussion with Legal Counsel Regarding Litigation (Howard Jarvis Taxpayers Ass’n., et al. v. The California Secure Choice Retirement Savings Program, et al., Eastern District of California Case No. 2:18-cv-01584-MCE-KJN)
• August 16, 2018
  • Agenda
  • Open Session
  • Agenda Item 1 – Minutes
  • Agenda Item 2 – Executive Director's Report
    • Attachment 1 – SFY17-18 Budget Report
    • Attachment 2 – SFY16-17 Audit Report
    • Attachment 3 – Comment Letter from Treasurer Chiang Re: CMS Rulemaking
  • Agenda Item 3 – Approval to Execute Contracts for Program Administration and Investment Management
    • Attachment 1 – Resolution 2018-06: Approval to Execute a Contract for Program Administration
    • Attachment 2 – Resolution 2018-07: Approval to Execute a Contract for Investment Management
  • Agenda Item 4 – Pilot Rollout Updates
  • Closed Session (Government Code Section 11126(e)(1))
  • Agenda Item 5 – Litigation (Government Code Section 11126(e)(1)) – Discussion with Legal Counsel Regarding Litigation (Howard Jarvis Taxpayers Ass’n., et al. v. The California Secure Choice Retirement Savings Program, et al., Eastern District of California Case No. 2:18-cv-01584-MCE-KJN)
• June 25, 2018
  • Agenda
  • Open Session
  • Agenda Item 1 – Minutes
  • Agenda Item 2 – Executive Director's Report
    • Attachment 1 – Monthly Budget Report
  • Agenda Item 3 – Adoption of Draft Strategic Plan 2018-2021
    • Attachment 1 – Draft Strategic Plan 2018-2021
  • Closed Session (Government Code Section 11126(e)(1))
  • Agenda Item 4 – Litigation (Government Code Section 11126(e)(1)) – Discussion with Legal Counsel Regarding Litigation (Howard Jarvis Taxpayers Ass’n., et al. v. The California Secure Choice Retirement Savings Program, et al., Eastern District of California Case No. 2:18-cv-01584-MCE-KJN)
• May 21, 2018
  • Agenda
  • Agenda Item 1 - Minutes
  • Agenda Item 2 – Executive Director Report
    • Attachment 1 – Monthly Budget Report
  • Agenda Item 3 – Investment Policy Statement
    • Attachment 1 – Draft IPS (clean)
    • Attachment 2 – Draft IPS (redline)
  • Agenda Item 4 – Program Administrator and Investment Manager RFP
    • Attachment 1 – RFP No. CSCRSIB07-17 (redlined)
    • Attachment 2 – Resolution No. 2018-05
  • Agenda Item 5 – Strategic Plan 2018-21
    • Attachment 1 – Draft Strategic Plan 2018-21
  • Agenda Item 6 – Board Issue Briefing: Investments
    • Attachment 1 – Presentations
• April 23, 2018
  • Agenda
  • Agenda Item 1 - Minutes
  • Agenda Item 2 - Executive Director’s Report
    • Attachment 1 – Monthly Budget Summary
  • Agenda Item 3 – Investment Policy Statement
    • Attachment 1 – Draft Investment Policy Statement
  • Agenda Item 4 – Strategic Plan
    • Attachment 1 – Strategic Plan Framework
• February 26, 2018
  • Agenda
  • Agenda Item 1 - Minutes
  • Agenda Item 2 - Executive Director’s Report
    • Agenda Item 2 – Attachment 1: Governor’s Proposed Budget (January 2018)
  • Agenda Item 3 – Legal Update
  • Agenda Item 4 – Board Governance Policy
    • Agenda Item 4 – Attachment 1: Draft Board Governance Policy
    • Agenda Item 4 – Attachment 2: Summary of Changes
  • Agenda Item 5 – Investment Beliefs and Investment Policy Statement
    • Agenda Item 5 – Attachment 1: Memorandum
    • Agenda Item 5 – Attachment 2: – Draft Investment Policy Statement
  • Agenda Item 6 – Legal Services Contract
    • Agenda Item 6 – Attachment 1: Resolution
  • Agenda Item 7 – Program Administrator and Investment Manager RFP
    • Agenda Item 7 – Attachment 1: Resolution
    • Agenda Item 7 – Attachment 2: RFP no. CSCRSIB07-17
    • Agenda Item 7 – Attachment 3: Memorandum from AKF Consulting
    • Agenda Item 7 – Attachment 4: Memorandum from Executive Director
    • Agenda Item 7 – Attachment 5: Summary of Changes
  • Agenda Item 8 – Regulations
    • Agenda Item 8 – Attachment 1: Draft Regulations (clean)
    • Agenda Item 8 – Attachment 2: Draft Regulations (redlined – all changes from 11/27/17 version)
    • Agenda Item 8 – Attachment 3 – Draft Regulations (redlined – all changes from 1/22/18 version)
    • Agenda Item 8 – Attachment 4 – Presentation
    • Agenda Item 8 – Attachment 5 – Timeline
    • Agenda Item 8 – Attachment 6 – Resolution
    • Agenda Item 8 – Attachment 7 – Contribution and Escalation Analysis
• February 1, 2018
  • Agenda
  • Agenda Item 1 - Minutes
  • Agenda Item 2 - Discussion of Board Governance Principles
    • Agenda Item 2 – Attachment 1: Presentation on Board Governance Principles
  • Agenda Item 3 – Discussion of Investment Beliefs and Investment Policy Statement
    • Agenda Item 3 – Attachment 1: Investment Beliefs (Phase II)
• January 22, 2018
  • Agenda
  • Agenda Item 1 - Minutes
  • Agenda Item 2 - Executive Director’s Report
    • Agenda Item 2 – Attachment 1: Resolution for Marty Morgenstern
  • Agenda Item 3 – Legal Update
  • Agenda Item 4 – Resolution No. 2018-01: Adoption of Program Name, Logo, and other Branding Concepts
    • Agenda Item 4 – Attachment 1: Logos
    • Agenda Item 4 – Attachment 2: Resolution No. 2018-01
  • Agenda Item 5 – Presentation and Discussion of Board Governance Policy
    • Agenda Item 5 – Attachment 1: Presentation
  • Agenda Item 6 – Presentation and Discussion of Investment Beliefs and Investment Policies
    • Agenda Item 6 – Attachment 1: Statement of Investment Beliefs Introduction
  • Agenda Item 7 – Discussion of Request for Proposals for Program Administrator and Investment Manager
    • Agenda Item 7 – Attachment 1: Exhibit E
    • Agenda Item 7 – Attachment 2: Presentation by AKF Consulting
    • Agenda Item 7 – Attachment 3: Memorandum on Call Center Staffing
  • Agenda Item 8 – Resolution No. 2018-02: Authority to Initiate Emergency Rulemaking
    • Agenda Item 8 – Attachment 1: Draft Regulations
    • Agenda Item 8 – Attachment 2: Draft Regulations (redline version)
    • Agenda Item 8 – Attachment 3: Presentation on Draft Regulations
    • Agenda Item 8 – Attachment 4: Timeline for Development and Adoption of Regulations
    • Agenda Item 8 – Attachment 5: Resolution No. 2018-02
    • Agenda Item 8 – Attachment 6: Contribution and Escalation Analysis