There were no public comments.

The chairperson thanked board members for attending the meeting.

K. Sved provided an overview of the agreement. Members asked questions concerning future rates, long-term agreements, and funding.

K. Sved explained the necessity of obtaining board approval for the item. Members asked questions about the budget and discussed the importance CalSTRS benefits to staff recruitment.

The board discussed potential committee assignments, timelines, and related next steps. The chairperson thanked individual members for serving on specific committees.

The chairperson shared reasons for the retreat, goals, key outcomes, and eight main areas of focus for research and discussion. The chair outlined next steps for planning and preparation. The process of developing and disseminating informative reports for board review prior to the retreat was outlined. The chairperson elicited questions and feedback. Members expressed support and excitement for the prospect of meeting together in a retreat format.