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CalSavers Retirement Savings Board

2023 Board Meetings

Tentative Meeting Schedule Executed Resolutions

November 13, 2023

• Agenda
• Item 1 – Minutes for August 21, 2023, CalSavers Retirement Savings Board
• Item 2 – Executive Director’s Report
  • Attachment 2A: CalSavers Organizational Chart
  • Attachment 2B: Summary of Program Participation & Funding as of October 31, 2023
  • Attachment 2C: Employer Enforcement Activity (as of October 31, 2023)
  • Attachment 2D: Quarterly Risk Heat Map
• Item 3 – Update on Outreach, Education, & Customer Service
• Item 4 – Program Administrator’s Report
  • Attachment 4A: Ascensus Presentation
• Item 5 – Third Quarter Investment Performance Report
  • Attachment 5A: Investment Performance Report for the Quarter Ending September 30, 2023
• Item 6 – Resolution No. 2023-06: Approval of Readoption of Emergency Regulations Amendments to Section 10002 of Chapter 15 of Title 10 of the California Code of Regulations and Authority to Conduct Rulemaking
  • Attachment 6A: Text of Regulations Amendments
  • Attachment 6B: Resolution 2023-06: Approval of Readoption of Emergency Regulations Amendments to Section 10002 of Chapter 15 of Title 10 of the California Code of Regulations and Authority to Conduct Rulemaking
  • Attachment 6C: Resolution 2023-03: Approval of Emergency Regulations Amendments to Section 10002 of Chapter 15 of Title 10 of the California Code of Regulations and Authority to Conduct Rulemaking
• Item 7 – Resolution No. 2023-08: Approval of Emergency Regulations Amendments to Sections 10000 and 10008 of Chapter 15 of Title 10 of the California Code of Regulations and Authority to Conduct Rulemaking
  • Attachment 7A: Text of Regulations Amendments
  • Attachment 7B: Resolution 2023-08: Approval of Emergency Regulations Amendments to Sections 10000 and 10008 of Chapter 15 of Title 10 of the California Code of Regulations and Authority to Conduct Rulemaking
• Item 8 – Resolution No. 2023-07: Approval of Contract for Investment Consulting Services
• Attachment 8A: Request for Proposals for Investment Consultant Services
• Attachment 8B: Resolution 2023-07: Approval to Execute a Contract for Investment Consultant Services
• Attachment 8C: Proposed Contract for Investment Consultant Services

August 21, 2023

• Agenda
• Item 1 – Minutes for May 22, 2023, CalSavers Retirement Savings Board
• Item 2 – Executive Director’s Report
  • Attachment 2A: CalSavers Organizational Chart
  • Attachment 2B: Summary of Program Participation & Funding as of July 31, 2023
  • Attachment 2C: Employer Enforcement Activity (as of August 8, 2023)
  • Attachment 2D: Quarterly Risk Heat Map
  • Attachment 2E: Summary of Monthly Budget Report through June 30, 2023
• Item 3 – Program Administrator’s Report
  • Attachment 3A: Ascensus Presentation
• Item 4 – First Quarter Investment Performance Report
  • Attachment 4A: Investment Performance Report for the Quarter Ending June 30, 2023
• Item 5 – Administrative Fund Audit Report for Fiscal Year 2021-2022
  • Attachment 5A: Administrative Fund Audit Report for FY 2021-22
• Item 6 – Annual Review of the Investment Policy Statement
  • Attachment 6A: Proposed Edits to the Investment Policy Statement, last amended May 24, 2022
  • Attachment 6B: Investment Policy Statement, last amended May 24, 2022
• Item 7 – Resolution 2023-05: Authority to Release Request for Proposals for Investment Consulting Services
  • Attachment 7A: Request for Proposals for Investment Consultant Services Draft
  • Attachment 7B: Resolution 2023-05: Approval to Release a Request for Proposal for Investment Consultant Services

May 22, 2023

• Agenda
• Item 1 – Minutes for February 27, 2023, CalSavers Retirement Savings Board
• Item 2 – Executive Director’s Report
  • Attachment 2A: CalSavers Organization Chart
  • Attachment 2B: Summary of Program Participation & Funding as of April 30, 2023
  • Attachment 2C: Employer Enforcement Activity (as of May 10, 2023)
  • Attachment 2D: Quarterly Risk Heat Map
  • Attachment 2E: Investment Consultant RFP: Purpose and Description of Services
  • Attachment 2F: Summary of Monthly Budget Report through March 31, 2023
• Item 3 – Program Administrator’s Report
  • Attachment 3A: Ascensus Presentation
• Item 4 – Program Fund Audit Report for Fiscal Year 2021-22
  • Attachment 4A: Program Fund Audit Report for Fiscal Year 2021-22
• Item 5 – First Quarter Investment Performance Report
  • Attachment 5A: Investment Performance Report for the Quarter Ending March 31, 2023
• Item 6 – Annual Review of the Investment Policy Statement
  • Attachment 6A: Proposed Edits to the Investment Policy Statement, last amended May 24, 2022
• Item 7 – Resolution Resolution 2023-01, Change of Subcontractor under Agreement No. CSCRSIB07-17A with Ascensus College Savings Recordkeeping Services, LLC
  • Attachment 7A: Resolution 2023-01
• Item 8 – Resolution 2023-03, Readoption of Amendments to Sections 10000, 10001, 10002, 10005, and 10006 of Chapter 15 of Title 10 of the California Code of Regulations
  • Attachment 8A: Text of Regulations Amendments
  • Attachment 8B: Resolution 2023-02: Approval of Readoption of Emergency Regulations Amendments to Sections 10000, 10001, 10002, 10005, and 10006 of Chapter 15 of Title 10 of the California Code of Regulations and Authority to Conduct Rulemaking
• Item 9 – Resolution No. 2023-04, Approval of Emergency Regulations Amendments to Section 10002 of Chapter 15 of Title 10 of the California Code of Regulations and Authority to Conduct Rulemaking
  • Attachment 9A: Text of Regulations Amendments
  • Attachment 9B: Resolution 2023-03: Approval of Emergency Regulations Amendments to Section 10002 of Chapter 15 of Title 10 of the California Code of Regulations and Authority to Conduct Rulemaking

February 27, 2023

• Agenda
• Minutes for December 15, 2022, CalSavers Retirement Savings Board Meeting
• Item 2 – Executive Director’s Report
  • Attachment 2A: CalSavers Organization Chart
  • Attachment 2B: Summary of Program Participation & Funding as of January 31, 2023
  • Attachment 2C: Quarterly Risk Heat Map
  • Attachment 2D: Draft Scope of Work for Upcoming Program Consultant RFP
  • Attachment 2E: CalSavers 2022 Year in Review
  • Attachment 2F: Summary of Monthly Budget Report through December 31, 2022
• Item 3 – Program Administrator’s Update
  • Attachment 3A: Ascensus Presentation
• Item 4 – Fourth Quarter Investment Performance Report & Follow-up on Target Date Funds Discussion from November 2022 Meeting
  • Attachment 4A: Investment Performance Report for the Quarter Ending December 31, 2022
• Item 5 – Annual Review of the Investment Policy Statement
  • Attachment 5A: Investment Policy Statement, last amended May 24, 2022
• Item 6 – Summary of ‘SECURE 2.0 Act of 2022’ Included in the Consolidated Appropriations Act of 2023