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