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”