Board of Trustees January 2022 Agenda
Public Employees' Retirement Association Board Meeting
Virtual
1301 Pennsylvania Street
Denver, Colorado
Friday, 1/21/2022
8:00 AM - 3:55 PM MT
1. Approval of Consent Agenda
Presented By: Marcus Pennell, Chairman, Board of Trustees Action
- Approval of Agenda
- Approval of November 19, 2021, 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
Presented By: Marcus Pennell, Chairman, Board of Trustees Information
3. Proclamation—Cheryl Pattelli (Tab E)
Presented By: Marcus Pennell, Chairman, Board of Trustees Action
4. Committee Reports Information/Action
- Executive Committee
Presented By: Suzanne Kubec, Vice Chair, Board of Trustees Information - Investment Committee
Presented By: Rebecca Freyre, Chair, Investment Committee Action - Evaluation Committee
Presented By: Marcus Pennell, Chairman, Evaluation Committee Action
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).
5. Empower Update (Tab F)
Presented By: Patrick Lane, PERA Chief Benefits Officer; Empower: Rob Dwyer, Vice President, Government Markets Information
6. Actuarial Audit Service Provider RFP (Tab G)
Presented By: Ron Baker, PERA Executive Director Information
7. Fiduciary Counsel Review (Tab H)
Presented By: Adam Franklin, PERA General Counsel Information/Action
8. Legislative Update (Tab I)
Presented By: Ron Baker, PERA Executive Director, Michael Steppat, PERA Public & Government Affairs Manager Information/Action
9. Investment Fireside Chat
Presented By: Amy C. McGarrity, PERA Chief Investment Officer, PERA Directors: Jim Liptak, Equities, Keith Tayman, Fixed Income, Tim Moore, Private Equity, C.H. Meili, Real Estate, Gary Ratliff Alternatives Information
10. Strategic Plan–Employee Engagement (Tab J)
Presented By: Kevin Carpenter, PERA Chief Administrative Officer Information
11, Strategic Plan–Communications (Tab K)
Presented By: Patrick von Keyserling, PERA Senior Director, Communications Information
12. Staff Reports
- Executive Director Report (Tab L)
Presented By: Ron Baker, PERA Executive Director Information - Market & Portfolio Update (Tab M)
Presented By: Amy C. McGarrity, PERA Chief Investment Officer Information - Chief Administrative Officer Update (Tab N)
Presented By: Kevin Carpenter, PERA Chief Administrative Officer Information - General Counsel Update
Presented By: Adam L. Franklin, PERA General Counsel Information
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
- Novo Nordisk Foreign Litigation
- Doris Behr 2012 Irrevocable Trust v. Johnson & Johnson
- Nissan Foreign Litigation
- Danske Bank Foreign Litigation
- Jerome Greene v. PERA
- Daimler
- Settlements
- C.R.S. § 24-51-205(6)(b) Staff Decisions Reversed by the Executive Director
Other Business
Presented By: Marcus Pennell, Chairman, Board of Trustees Information
2022 Board Meeting Dates Information
- March (17) 18, 2022
- June (16) 17, 2022
- September 21-23, 2022 Planning Session and Board Meeting
- November (17) 18, 2022