By state law, the management of the public employees’ retirement funds is vested in PERA’s Board of Trustees. The 16-member Board of Trustees includes three Trustees appointed by the Governor and confirmed by the Senate; four members from the School Division; three members from the State Division; one member from the Local Government Division; one Judicial Division member; two PERA retirees; a non-voting representative from the DPS Division; and the State Treasurer as an ex officio, voting member. If a Board member resigns, a new member is appointed from the respective division until the next election.
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To offer public comment during a PERA Board meeting, a phone line is available to accept calls 30 minutes prior to public comment and it will close immediately after public comment has ended. Please follow the instructions below to offer public comment during a PERA Board meeting:
- Register prior to the meeting by emailing Brenda Meidl at email@example.com.
- Call 855-721-0566 to be placed in the queue in the order in which you call in.
- To be considered for public comment, you must call in 15 minutes prior to start of the meeting.
- Provide your name and the topic on which you want to comment to PERA staff once you are in the queue.
- Please wait for the Chairman’s cue to speak; you will be limited to a maximum of three minutes.
- Your call will be disconnected when the public comment agenda item is completed.
PERA reserves the right to terminate your call if your comments are disruptive to the meeting.
Reviews PERA’s internal controls related to financial and accounting reporting systems, provides oversight for the ethical conduct of the Board and PERA staff, and assists the Board in fulfilling its fiduciary responsibilities. This committee is made up of no fewer than five Board members as well as two outside members who are independent of any relationship with PERA.
Oversees PERA’s benefit programs and has no fewer than six Board members.
Compensation and Budget Committee
Submits a budget that implements the organization’s policies and priorities, recommends changes to the Total Compensation Philosophy statement, recommends compensation levels for the Executive Director, and sets the education budget provided for Trustees’ education. This committee has no fewer than five members.
Assists the Board with instituting governance policies and practices, including review of the Governance Manual and recommendation of updates to the Board and facilitating the performance evaluations of the Executive Director and the Board. The Governance Committee includes the Board Chair, Vice Chair, and the chairs of all standing Board Committees.
Includes the Board Chair and Vice Chair (plus the Executive Director) and oversees effective management of Board and committee meetings.
Provides oversight of PERA investments and directs PERA management on implementation of investment policy and procedures related to the fund’s rights and responsibilities as an investor in many public corporations. This committee has no fewer than six Board members.