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STATE COMPENSATION INSURANCE FUND
BOARD OF DIRECTORS

BOARD OF DIRECTORS MEETING

(AMENDED)

May 18-19, 2017
 2:00 p.m.

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

State Compensation Insurance Fund
333 Bush Street, 7th floor
San Francisco, CA 94104

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, May 18, 2017 @ 2:00 p.m.
Action/Sheryl Chalupa 1. Call to Order and Roll Call
     
Action/Sheryl Chalupa 2. Antitrust Admonition
     

Action/Sheryl Chalupa

 3. Consent Calendar1
 
  1. Approval of March 2 and 3, 2017 Open Meeting Minutes
  2. Board Member Educational Opportunities and Approval of Planned Board Member Education and Expense Reimbursement
  3. Annual Review and Approval of State Fund By-Laws
  4. Annual Review and Approval of Board Delegated Authority and Approval Levels
  5. Board Education and Travel Expense Reimbursement Policy
  6. Annual Review and Approval of Committee Charters
  7. Authorization to Secure Renewal of the September 2017 Expiring Policies
  8. Approval of Retirement Resolutions
    (originals available for signature at meeting)
     
Information/Andreas Acker 4. Staffing Update
 
  1. Staffing
  2. Employee Leave Balance and Usage
     
Information/Peter Guastamachio 5. Financial Update – 1st Quarter 2017
     
Information/Milliman 6. Statement of Actuarial Opinion
     

Information/Vernon Steiner

 7. President’s Report
     
  8. Reports by the Chairs of Committee Activities
Action/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 9. Chairwoman’s Report
     
Information/Sheryl Chalupa 10. Board Member Reports
     
Information/Sheryl Chalupa 11. Public Comment on Appropriateness of Closed Session for Items 14 through 25
     
Information/Sheryl Chalupa 12. Public Comment
     

CLOSED SESSION

    
Action/Sheryl Chalupa 13. Approval of March 2 and 3, 2017 Closed Meeting Minutes
     

Information/Milliman

 14. Independent Actuarial Reserve Report
[Government Code Section 11126(j)(4)]
     
Information/Vernon Steiner and Peter Guastamachio 15. Update on Strategic Plan 2017-2019
[Government Code Section 11126(j)(4)]
   
  1. Pricing Strategy
  2. Annual Review of Dividend Plan

Information/Vernon Steiner and Andreas Acker

 16. Human Resources Strategic Plan
[Government Code Sections 11126(a), (j)(4)]
 
  1. Exempts’ Compensation Update (DEFERRED)
     
Information/Stephen Hunckler 17. Update on Claims Strategic Plan
[Government Code Section 11126(j)(4)]
     
CLOSED SESSION   Friday, May 19, 2017
     

Information/Marj Hutchings

18. Update on IT Strategic Plan
[Government Code Section 11126(j)(4)]
     
Information/Ken Van Laar and
Randy Hogan		 19. Enterprise Risk Management Update
[Government Code Section 11126(j)(4)]
     

Information/Sheryl Chalupa and Vernon Steiner

 20. Planning for Board Strategic Meeting
[Government Code Section 11126(j)(4)]
     

Information/Marvin Kropke

 21. Ad Hoc Safety and Loss Prevention Committee Strategic Plan Update
[Government Code Section 11126(j)(4)]
     
Information/Jennifer Vargen and Rhonda Myers 22. Legislative Strategic Plan Update
[Government Code Section 11126(j)(4)]
     
Information/Scott Reid 23. Significant Open Audits Report and Fraud Litigation Report
[Government Code Sections 11126(e), (j)(2), (3), (4)]
     
Information/Michael Machado 24. Financial and Investment Considerations Related to the Strategic Plan
[Government Code Section 11126(j)(4)]
     
Information/Margie Lariviere and Judith Sapper 25. Pending and Potential Litigation
[Government Code Sections 11126(e), (j)(4]
 
  1. 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        

  2. Zuniga v. Interactive Trucking; State Fund; Workers’ Compensation Appeals Board; First District Court of Appeal Division Two Case No. A143290; WCAB No. ADJ2563341

  3. 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

  4. 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)

  5. Hablian, et al. v. Zurich, et al.; Van Nuys WCAB No. VNO 403 724; ADJ4687742

  6. 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

  7. Vatche Cabayan, M.D., et al. v. State Compensation Insurance Fund; San Francisco Superior Court Case No. CGC-09-492766
     
OPEN SESSION

May 19, 2017 @ 10:00 a.m. or upon adjournment or recess of the Closed Session, whichever is later.

   
Action/Sheryl Chalupa 26. Call to Order and Roll Call
     
Information/Sheryl Chalupa 27. Proposals and Suggestions for August 29, 2017 Agenda
    Next Board Meeting: August 29-31, 2017 at the Napa Valley, Marriott Hotel and Spa, Napa, 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.
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