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Board of Trustees January 20, 2023 Agenda

Public Employees' Retirement Association Board Meeting

Raymond “Doc” Heath Memorial Boardroom
1301 Pennsylvania Street
Denver, CO

Friday, 1/20/2023
9:00 AM - 4:00 PM MT

  1. Approval of Consent Agenda (Governance Item) Action
    Presented By: Marcus Pennell, Chairman, Board of Trustees
    • Approval of Agenda
    • Approval of November 18, 2022, Board Meeting Minutes (Tab A)
    • Committee Assignments (Tab B)
    • Resolution for Signature Authorization (Tab C)
    • Board Service Provider Annual Report (Tab D)
  2. Public Comment (Governance Item) Information
    Presented By: Marcus Pennell, Chairman, Board of Trustees
  3. Committee Reports (Governance Item) Information/Action
    • Executive Committee Information
      Presented By: Suzanne Kubec, Vice Chair, Board of Trustees
    • Investment Committee Action
      Presented By: Rebecca Freyre, Chair, Investment Committee
    • Evaluation Committee Action
      Presented By: Marcus Pennell, Chairman, Evaluation Committee
      • In accordance with the Colorado Open Meetings Act, the Board of Trustees in Open Session is to determine whether it will hold a Closed Executive Session which is allowed when the issues to be discussed involve personnel matters pursuant to C.R.S. § 24-6-402(3)(b)(I).
  4. Legislative Update (Governance Item) (Tab E) Information/Action
    Presented By: Ron Baker, PERA Executive Director, Michael Steppat, PERA Public & Government Affairs Manager
  5. 2023 Significant Events Planning (Governance Item) (Tab F) Information/Action
    Presented By: Ron Baker, PERA Executive Director, Amy C. McGarrity, PERA Chief Investment Officer/Chief Operating Officer
  6. Demographer (Tab G) (Strategic Item) Information
    Presented By: Elizabeth Garner, State Demographer, Colorado Department of Local Affairs
  7. 2023 Strategic Planning (Strategic Planning) (Tab H) Information) 
    Presented By: Amy McDuffee, Founder/CEO, Mosaic Governance Advisors, LLC; Catherine Jackson, CPA, CA, Mosaic Governance Advisors, LLC 
  8. Strategic Plan–Employee Engagement (Governance Item) (Tab I) Information
    Presented By: Jeremy Hill, PERA Chief Administrative Officer
  9. Staff Reports (Governance Item)
    • Executive Director Report (Tab J) Information
      Presented By: Ron Baker, PERA Executive Director
    • Market & Portfolio Update (Tab K) Information
      Presented By: Amy C. McGarrity, PERA Chief Investment Officer/Chief Operating Officer
    • Chief Administrative Officer Update (Tab L) Information
      Presented By: Jeremy Hill, PERA Chief Administrative Officer
    • Legal Update Information
      Presented By: Kevin Gallaway, PERA General Counsel
      • In accordance 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:
        • Volkswagen Foreign Litigation
        • Petrobras Arbitration
        • In re Mitsubishi Motors Corporation International Securities Litigation
        • Doris Behr 2012 Irrevocable Trust v. Johnson & Johnson
        • Nissan Foreign Litigation
        • Danske Bank Foreign Litigation
        • Jerome Greene v. PERA
        • PERA v. Tri-County Health Department, Douglas County, Arapahoe County and
          Adams County
        • Braaten v. Unum and PERA
        • Daimler
        • Kansai Electric Power Co, Inc.
        • Settlements
        • C.R.S. § 24-51-205(6)(b) Staff Decisions Reversed by the Executive Director
  10. Other Business Information
    Presented By: Marcus Pennell, Chairman, Board of Trustees
  11. 2023 Board Meeting Dates Information
    • March (23) 24, 2023
    • June (15) 16, 2023
    • September 20-22, 2023, Planning Session and Board Meeting
    • November (16) 17, 2023”