November Board Agenda

PUBLIC EMPLOYEES’ RETIREMENT ASSOCIATION
BOARD MEETING AGENDA
Raymond “Doc” Heath Memorial Boardroom
1301 Pennsylvania Street
Denver, Colorado
November 17, 2017
8:30 a.m. 

1. Approval of Consent Agenda (Action)

2. Public Comment (Information)

  • Timothy M. O’Brien, Chairman, Board of Trustees

3. Calendar Year 2018 Committee Preferences (Information)(Tab D)

  • Timothy M. O’Brien, Chairman, Board of Trustees

4. Committee Reports (Information/Action)

  • Executive Committee
    • Marcus Pennell, Vice Chairman, Board of Trustees
  •  Audit Committee
    • Robert Lamb, Chairman, Audit Committee
  • Benefits Committee 
    • Carolyn Jonas-Morrison, Chair, Benefits Committee
  • Compensation & Budget Committee (Tab E)
    • Roger Johnson, Chairman, Compensation & Budget Committee
  • Investment Committee (Tab F)(Tab G)
    • Susan Murphy, Chair, Investment Committee
  • Shareholder Responsibility Committee 
    • Lynn Turner, Chairman, Shareholder Responsibility Committee
  • Stakeholder Relations Committee
    • Amy Grant, Chair, Stakeholder Relations Committee

5. Interest on Member Accounts (Action)(Tab H)

  • Karl Paulson, PERA Director of Planning, Policy, and Budget
  • Lawrence Mundy, PERA Chief Financial Officer

6. Board Election Calendar (Information/Action)(Tab I)

  • Ron Baker, PERA Chief Administrative Officer

7. Legislative Update (Information)

  • Gregory W. Smith, PERA Executive Director

8. Strategic Initiative—Priority 1 (Information/Action)(Tab J)

  • Gregory W. Smith, PERA Executive Director
  • Ron Baker, PERA Chief Administrative Officer
  • Tara May, Chief Communications Officer
  • Ed Koebel, Principal and Consulting Actuary, Cavanaugh Macdonald Consulting

9. Rules Hearing (Information/Action)(Tab K)

  • Kevin Gallaway, PERA Staff Attorney
  • Megan Peitzmeier, PERA Staff Attorney

10. Strategic Initiative—Priority 1 (Information/Action)

  • Gregory W. Smith, PERA Executive Director
  • Ron Baker, PERA Chief Administrative Officer
  • Tara May, Chief Communications Officer
  • Ed Koebel, Principal and Consulting Actuary, Cavanaugh Macdonald Consulting

11. 2017 CAFR Timeline (Information)(Tab L1)(Tab L2)

  • Lawrence Mundy, PERA Chief Financial Officer

12. Executive Director Performance Report (Information)(Tab M)

  • Gregory W. Smith, PERA Executive Director

13. OPEB Funding Policy (Information)(Tab N1)(Tab N2)(Tab N3)

  • Ron Baker, PERA Chief Administrative Officer
  • Koren Holden, PERA Senior Project Manager

14. Staff Reports

  • Executive Director Report (Information)(Tab O)
    • Gregory W. Smith, PERA Executive Director
  • Market & Portfolio Update (Information)(Tab P1)(Tab P2)
    • Amy McGarrity, PERA Chief Investment Officer
  • Chief Financial Officer Update (Information)(Tab Q)
    • Lawrence Mundy, PERA Chief Financial Officer
  • General Counsel Update (Information)(Tab R)
    • Adam L. Franklin, PERA General Counsel
    • In accord with the Colorado Open Meetings Act, the Board of Trustees in Open Session is to determine whether it will hold a Closed Executive Session. The issues to be discussed involve pending or imminent litigation and specific legal questions addressed to General Counsel regarding the following:
      • Settlements
      • Colorado PERA and trust funds et al. v. BP. PLC et al.
      • Volkswagen Foreign Litigation
      • Petrobras Arbitration
      • Elham Salemi v. PERA, Tim Moore, and Angela Setter
      • McDivitt v. PERA et al.
      • Cornish v. PERA
      • Mirich v. PERA
      • In re Mitsubishi Motors Corporation International Securities Litigation

15. Other Business (Information)

  • Timothy M. O’Brien, Chairman, Board of Trustees

16. Proposed 2018 Board Meeting Dates (Action)

  • January 19, 2018
  • March (15) 16, 2018
  • June (21) 22, 2018
  • September 19‒21, 2018 Planning Session
  • November (15) 16, 2018