MEMBERS OF THE BOARD ALLEN ISHIDA District One PETE VANDER POEL District Two PHILLIP A. COX -Chairman District Three J. STEVEN WORTHLEY – Vice Chairman District Four MIKE ENNIS District Five

Board of Supervisors Agenda

JEAN M. ROUSSEAU County Administrator KATHLEEN BALES-LANGE County Counsel MICHELLE BALDWIN Chief Clerk ADMINISTRATION BUILDING 2800 W. Burrel Avenue Visalia, CA 93291 (559) 636-5000 FAX (559) 733-6898

SPECIAL MEETING

JOINT MEETING

BOARD OF SUPERVISORS and BOARD OF RETIREMENT

8:30 a.m.

Wednesday, February 12, 2014

Tulare County Employees Retirement Association Board Room

136 N. Akers Street

Visalia, CA 93291

Joint Business Items

ITEMS NOT TIMED

Items not specifically timed may be taken in any order

1. Discussion and possible action regarding TCERA's June 30, 2013 Acturial Valuation Report. Board of Supervisors action regarding implementation of Fiscal Year 2014/2015 employer and employee retirement contribution rates.

2. Review of recommendations from the 2012 Tulare County Pension Task Force. Discussion and possible action by Tulare County Board of Supervisors on the topics of: Investment return expectations, including Tulare County Employees' Retirement Association's investment assumption rate; and Sustainability of supplemental benefits (SRBR) paid to retirees