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STATE COMPENSATION INSURANCE FUND

BOARD OF DIRECTORS MEETING


May 19, 2022
10:30 a.m.

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

State Compensation Insurance Fund
Learning Center, 1010 Vaquero Circle
Vacaville, CA, 95688


BOARD MEMBERS
David M. Lanier, Chair
Daniel M. Curtin
Regina Evans
Richard J. Guggenhime
Sen. Michael J. Machado (Ret.)
Alexis A. Podesta
Arthur H. Pulaski
Thomas E. Rankin
Angela D. Tate
Angie Wei
William M. Zachry
Katrina S. Hagen, Ex-Officio

AGENDA

OPEN SESSION May 19, 2022 @ 10:30 a.m.
     
Action/David Lanier 1. Call to Order and Roll Call
     
Action/David Lanier 2. Antitrust Admonition
     
Action/David Lanier 3. Consent Calendar1
 
    1. Approval of February 24, 2022 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 Committee Charters
    5. Annual Review and Approval of Board Education and Travel Expense Reimbursement Policy
    6. Annual Review and Approval of Board Delegated Authority and Approval Levels
    7. Annual Review and Approval of Internal Audit Activity Charter and Compliance with International Audit Standards
    8. Approval of Retirement Resolutions
    9. Recognition of Outgoing Board Member
    10. Annual Review and Approval of Investment Policy Statement and Guidelines (Short-Term and Long-Term Investments)
(amended)
     
Information/Milliman 4. Statement of Actuarial Opinion
     
Information/Vernon Steiner 5. Financial and President’s Report: 1Q 2022
(Read only, unless questions)
     
  6. Reports by the Chairs of Committee Activities
(Oral Presentation)
Information/Thomas Rankin

Information/William Zachry

Information/Michael Machado
  1. Governance Committee

  2. Audit Committee

  3. Investment and Risk Committee
   
  1. Bond Transactions and Compliance Report
     
Information/David Lanier 7. Chairperson’s Report
(Oral Presentation)
     
Information/David Lanier 8. Board Member Reports
(Oral Presentation)
     
Information/David Lanier 9. Public Comment on Appropriateness of Closed Session for Items 12 through 19
     
Information/David Lanier 10. Public Comment
     
CLOSED SESSION
 
     

Action/David Lanier

 11. Approval of February 24, 2022 Closed Meeting Minutes
     
Information/Milliman 12. Independent Actuarial Reserve Report
[Government Code Section 11126 (j)(4)]
     
Action/Vernon Steiner and Executive Committee 13. Update on 2022 Strategic Plan
[Government Code Section 11126(j)(4)]
 
  1. Industry Market Developments
     
Information/Executive Committee 14. Operational Strategic Plan Updates
[Government Code Sections 11126(e), (j)(2), (3), (4)]
 
  1. Legislative
  2. Information Technology
  3. Workplace Safety and Loss Prevention
  4. Claims 
     
Action/Vernon Steiner 15. Human Resources Strategic Plan
[Government Code Sections 11126(a), (j)(4)]
 
  1. Long-Term Incentive Plan
  2. Performance Award
  3. Safety Protocols Strategic Discussion
  4. Succession Planning
     
Information/Vernon Steiner and David Lanier 16. Planning for Board Strategic Meeting
[Government Code Section 11126(j)(4)]
     

Information/William Zachry

 17. Significant Open Audits Report and Fraud Litigation Report
[Government Code Sections 11126(e), (j)(2) - (4)]
     

Information/Action/Michael Machado

 18. Financial, Investment and Risk Considerations Related to the Strategic Plan
[Government Code Section 11126(j)(4)]
     

Information/Margie Lariviere and Anthony Lewis

 19. Pending and Potential Litigation
[Government Code Sections 11126(e), (j)(4)]
 
  1. Martin Carrillo., et al. v. State Fund, Alameda Superior Court, Case No. 21CV001473;
  2. State Compensation Insurance Fund v. ReadyLink, Riverside Superior Court, Case No. PSC1500168;
  3. State Compensation Insurance Fund v. Lara (A-Brite), Sacramento Superior Court, Case No. 34-2019-80003164;
  4. Michael Reynolds Enterprise Inc. dba Reynolds Termite Control, et al. v. State Compensation Insurance Fund, Los Angeles Superior Court, Case No. 19STCV05738, and, In the Matter of the Appeal of Michael Reynolds Enterprise, Inc., dba Reynolds Termite Control, California Department of Insurance, File No. AHB-WCA-20-13;
  5. American Jetter & Plumbing, Inc., et al. v. State Compensation Insurance Fund, Los Angeles Superior Court, Case No. 19STCV36307;
  6. In the Matter of the Appeal of Sessions Payroll Management, Inc., California Department of Insurance, File No. AHB-WCA-18-47.
     
OPEN SESSION

May 19, 2022 @ 4:00 p.m. or upon adjournment or recess of the Board Closed Session, whichever is later.
     
Action/David Lanier 20. Call to Order and Roll Call
     
Action/David Lanier 21. Approval of Performance Award
     
Action/David Lanier 22. Proposals and Suggestions for August 2022 Agenda
Next Board Meeting: Sometime the week of August 22-26, 2022, location to be determined (TBD), unless noticed for a new date and time.
     

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 a majority 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, that is removed from the Consent Calendar, has been discussed, the Board will vote to approve all items remaining on the Consent Calendar.
 
Note: Items designated “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 prior to the Board meeting may be considered by the Board. Agenda items may be taken out of order with the approval of the Chairperson.
 
Public comment can be sent via email to BoardofDirectors@scif.com. Public Comment that is related to the agenda item, which seeks public comment, will be read to the Board/Committee. Language that is not socially appropriate will not be read or otherwise communicated at the meeting. Thank you for your courtesy.