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STATE COMPENSATION INSURANCE FUND
BOARD OF DIRECTORS

BOARD OF DIRECTORS MEETING

March 2, 2017
1:30 p.m.

Or Upon Adjournment or Recess of the
Investment Committee Meeting, Whichever is Later

State Compensation Insurance Fund
1010 Vaquero Circle, 1st floor
Vacaville, CA 95688

BOARD MEMBERS
Sheryl A. Chalupa, Chair
Robin L. Baker
Daniel M. Curtin
Marvin P. Kropke
Sen. Michael J. Machado (Ret.)
Lawrence E. Mulryan
Jack L. Neureuter
Steven L. Rank
Thomas E. Rankin
Scott K. Reid
William M. Zachry
Christine Baker (Ex-Officio)

AGENDA

OPEN SESSION	Thursday, March 2, 2017 @ 1:30 p.m.
Action/Sheryl Chalupa	1.	Call to Order and Roll Call

Action/Sheryl Chalupa	2.	Antitrust Admonition

Action/Sheryl Chalupa	3.	Consent Calendar¹
	Approval of November 17 and 18, 2016 Open Meeting Minutes Board Member Educational Opportunities and Approval of Planned Board Member Education and Expense Reimbursement Review and Approval of Audit and Governance Committee Charters Approval of Retirement Resolutions (originals available for signature at meeting)

Information/Andreas Acker	4.	Staffing Update
	Staffing Employee Leave Balance and Usage

Information/Peter Guastamachio	5.	Financial Update – 4th Quarter 2016

Information/Vernon Steiner	6.	President’s Report

	7.	Reports by the Chairs of Committee Activities
Information/Lawrence Mulryan		a. Governance Committee
		i. Governance, Compliance and Privacy Update
Information/Scott Reid		b. Audit Committee
		i. Update on Completed Closed Audits
Information/Michael Machado		c. Investment Committee
		i. Bond Transactions and Compliance Report

Information/Sheryl Chalupa	8.	Chairwoman’s Report

Information/Sheryl Chalupa	9.	Board Member Reports

Information/Sheryl Chalupa	10.	Public Comment on Appropriateness of Closed Session for Items 13 through 23

Information/Sheryl Chalupa	11.	Public Comment

CLOSED SESSION
Action/Sheryl Chalupa	12.	Approval of November 17 and 18, 2016 Closed Meeting Minutes

Information/Robin Baker	13.	Ad Hoc Safety and Loss Prevention Committee Strategic Plan Update [Government Code Section 11126(j)(4)]

Information/Action/Vernon Steiner and Andreas Acker	14.	Human Resources Strategic Plan [Government Code Sections 11126(a), (j)(4)]
	2016 Performance Awards Program Review of President and Executive Leadership 2016 Performance Against Plan Executive Compensation Review and Approval of President and Executive Leadership 2017 Performance Objectives Succession Planning

Information/Vernon Steiner and Peter Guastamachio	15.	Update on Strategic Plan 2016-2018 [Government Code Section 11126(j)(4)]


CLOSED SESSION		Friday, March 3, 2017

Information/Stephen Hunckler	16.	Update on Claims Strategic Plan [Government Code Section 11126(j)(4)]

Information/Marj Hutchings	17.	Update on IT Strategic Plan [Government Code Section 11126(j)(4)]

Information/Ken Van Laar and Randy Hogan	18.	Enterprise Risk Management Update [Government Code Section 11126(j)(4)]

Information/Ken Van Laar	19.	Reinsurance Strategy Update [Government Code Section 11126(j)(4)]

Information/Jennifer Vargen and Rhonda Myers	20.	Legislative Strategic Plan Update [Government Code Section 11126(j)(4)]

Information/Scott Reid	21.	Significant Open Audits Report and Fraud Litigation Report [Government Code Sections 11126(e), (j)(2), (3), (4)]

Information/Michael Machado	22.	Financial and Investment Considerations Related to the Strategic Plan [Government Code Section 11126(j)(4)]

Information/Margie Lariviere and Judith Sapper	23.	Pending and Potential Litigation [Government Code Sections 11126(e), (j)(4]
	Baker v. Sierra Pacific Fleet Services et al.; State Fund; Workers’ Compensation Appeals Board; Third District Court of Appeal Case No. C080895; WCAB No. ADJ8111772 Zuniga v. Interactive Trucking; State Fund; Workers’ Compensation Appeals Board; First District Court of Appeal Division Two Case No. A143290; WCAB No. ADJ2563341 Ramirez v. The State of California Department of Health Care Services; State Fund; Workers’ Compensation Appeals Board; Third District Court of Appeal Case No. C078440; WCAB No. ADJ6821103 State Compensation Insurance Fund v. Sana Ulla Khan, et al.; U.S. District Court, Central District of California, Southern Division Case No. 8:12-cv-01072 CJC-JCG (mLGx) State Compensation Insurance Fund v. Michael D. Drobot, Sr., et al.; U.S. District Court, Central District of California, Southern Division Case No. SACV13-00956 AG (CWx) Hablian, et al. v. Zurich, et al.; Van Nuys WCAB No. VNO 403 724; ADJ4687742 Electronic Waveform Lab v. EK Health Services, et al.; Los Angeles Superior Court Case No. BC467496; U.S. District Court for the Central District of California Case No. 2:15-cv-08061-DMG-RAO

OPEN SESSION	March 3, 2017 @ 10:00 a.m. or upon adjournment or recess of the Closed Session, whichever is later.

Action/Sheryl Chalupa	24.	Call to Order and Roll Call

Action/Sheryl Chalupa	25.	Approval of 2016 Performance Awards

Action/Sheryl Chalupa	26.	Approval of President and Executive Leadership 2016 Performance Against Plan and 2017 Executive Compensation

Information/Sheryl Chalupa	27.	Proposals and Suggestions for May 18-19, 2017 Agenda
		Next Board Meeting: May 18-19, 2017 at the State Fund San Francisco Office, 333 Bush Street, San Francisco, CA

¹Items on the Consent Calendar include routine actions or matters already considered by a committee of the Board and will be enacted by one motion and one vote. There will be no separate discussion of these items unless a Board Member or the public so requests. It is in the Board’s discretion to remove items already considered by a committee of the Board from the Consent Calendar. Any item removed from the Consent Calendar will be considered in its normal sequence on the agenda. If you wish to have an item removed from the Consent Calendar, please submit a speaker card or make your request at the time the Board Chairperson asks if any member of the public wishes to remove an item from consent. After an item, if any, removed from the Consent Calendar has been discussed, the Board will vote to approve all items remaining on the Consent Calendar.

Note: Items designated for information are appropriate for Board/Committee action if the Board/Committee wishes to take action. Any agenda item from a properly noticed Committee meeting held immediately prior to this Board meeting may be considered by the Board. Agenda items may be taken out of order with the approval of the Chairperson. Public comment will be limited to three (3) minutes per speaker and ten (10) minutes per subject item.

STATE COMPENSATION INSURANCE FUNDBOARD OF DIRECTORS

BOARD OF DIRECTORS MEETING

AGENDA

STATE COMPENSATION INSURANCE FUND
BOARD OF DIRECTORS