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CalSavers Retirement Savings Board

2020 Board Meetings

Executed Resolutions

• December 7, 2020
  • Agenda
  • Minutes
  • Item 2 – Executive Director’s Report
    • Attachment 2A: Summary of Program Participation & Funding as of November 30, 2020
    • Attachment 2B: Summary of Monthly Budget Report through June 30, 2020
  • Item 3 - Investment Policy Statement Amendments
    • Attachment 3A: Proposed Investment Policy Statement with mark-up
  • Item 4 – Regulations
    • Attachment 4A: Text of Proposed Regulations Amendments
    • Attachment 4B: Resolution 2020-07: Resolution of the CalSavers Retirement Savings Board to Approve Proposed Regulations Amendments
    • Attachment 4C: Resolution 2020-08: Resolution of the CalSavers Retirement Savings Board to Readopt Emergency Regulations
    • Attachment 4D: Copies of Resolutions 2020-02 & 2020-04
    • Attachment 4E: Timeline for Regulations Adoption
  • Item 5 – Interagency Agreement with Franchise Tax Board for Enforcement Services
    • Attachment 5A: Draft Interagency Agreement under Item 5 of the December 7 Board meeting
  • CLOSED SESSION
  • Item 6 - 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.; U.S. Court of Appeals for the Ninth Circuit Case No. 20-15591)
• October 19, 2020
  • Agenda
  • Minutes
  • Item 2 – Executive Director’s Report
    • Attachment 2A: Summary of Program Participation and Funding as of October 12, 2020
    • Attachment 2B: Summary of Monthly Budget Report through June 30, 2020
  • Item 3 – Program Administrator’s Update, including Annual Marketing Review
    • Attachment: Ascensus Presentation
  • Item 4 – Board Education: Fiduciary Training
  • Attachment: Fiduciary and Governance Training
  • Item 5 – Quarterly Investment Performance Report; Discussion of Capital Preservation Fund
    • Attachment 5A: Meketa Presentation on Q3 Performance
    • Attachment 5B: Meketa Memorandum to the Executive Director on Alternatives to the Money Market Fund
    • Attachment 5C: Meketa Analysis of Options for New Default Investment
  • Item 6 – Approval of Contract for Investment Consulting Services
    • Attachment 6A: Request for Proposals for Investment Consultant Services
    • Attachment 6B: Resolution 2020-06: Approval to Execute a Contract for Investment Consultant Services
    • Attachment 6C: Proposed Contract for Investment Consultant Services
  • CLOSED SESSION
  • 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.; U.S. Court of Appeals for the Ninth Circuit Case No. 20-15591 )
• July 27, 2020
  • Agenda
  • Minutes
  • Item 2 – Executive Director’s Report
  • Attachment 1: Summary of Program Participation and Funding for the Quarter Ending June 30, 2020
  • Attachment 2: Summary of Monthly Budget Report (through May 31, 2020)
  • Attachment 3: Draft RFP for Investment Consulting Services
  • Item 3 – Program Administrator’s Update
    • Attachment: Ascensus Presentation
  • Item 4 – Second Quarter Investment Performance & Money Market Fund Discussion
    • Attachment: Meketa Presentation
  • Item 5 – Selection of Program Consultant (RFP No. CSCRSIB02-20)
    • Attachment 1: Request for Proposals for Program Consultant Services
    • Attachment 2: Resolution 2020-03: Approval to Execute a Contract for Program Consultant Services
    • Attachment 3: Proposed Contract for Program Consultant Services
  • Item 6 – Regulations Amendments
    • Attachment 1: Text of Proposed Regulations Amendments
    • Attachment 2: Resolution 2020-04: Resolution of the CalSavers Retirement Savings Board to Approve Proposed Regulations Amendments
    • Attachment 3: Analysis of the Second Automatic Enrollment Feature
  • Item 7 – Enforcement Update
  • Item 8 – Assembly Bill 683: Medi-Cal Eligibility (Carrillo)
  • Attachment: AB 683 (as of April 9, 2019)
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• April 15, 2020
  • Agenda
  • Minutes
  • Item 2 – Executive Director’s Report
    • Attachment 1: Summary of Program Participation and Funding for the quarter ending March 31, 2020
    • Attachment 2: Summary of Monthly Budget Report (through November 30, 2019)
    • Attachment 3: Draft RFP for Program Consulting Services
    • Attachment 4: External Presentations
    • Attachment 5: Media Coverage (through April 10, 2020)
  • Item 3 – Extension of June 30, 2020 Employer Deadline
    • Attachment 1 – Resolution No. 2020-02: Approval of the Proposed Regulations Amendment and Authority to Conduct the Rulemaking Process
    • Attachment 2 – Proposed Regulations Amendment
  • Item 4 – Program Update
    • Attachment 1: Ascensus Presentation
    • Attachment 2: Meketa Quarterly Summary (as of March 31, 2020)
  • Item 5 – 2020 Statutory Amendments
    • Attachment 1: Resolution 2020-03 – Approval of Legislative Amendment to Change the Agency Responsible for Enforcement of Employer Compliance
    • Attachment 2: Senate Bill 1042 (Pan), as Introduced
  • CLOSED SESSION
  • Item 6 – 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)
• January 27, 2020
  • Agenda
  • Minutes
  • Item 2 – Executive Director’s Report
    • Attachment 1 – 2019 Highlights
    • Attachment 2 – Budget
    • Attachment 3 – Audit
    • Attachment 4 – Outreach Summary
    • Attachment 5 – Media Coverage
  • Item 3 – Program Update
    • Attachment 1: Participation Snapshot (as of January 23, 2020)
    • Attachment 2: Digital Toolkit
    • Attachment 3: Ascensus Presentation
  • Item 4 – Quarterly Investment Report
  • Item 5 – Legal Services Contract
    • Attachment 1: Request for Qualifications
    • Attachment 2: Resolution 2020-01
    • Attachment 3: Existing Contract
  • CLOSED SESSION
  • Item 6 – 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)
  • Item 7 – Executive Director Performance (Government Code Section 11126(a)(1))