Board of Trustees June 17, 2022 Agenda
Public Employees' Retirement Association Board Meeting
Raymond “Doc” Heath Memorial Boardroom
1301 Pennsylvania Street
Denver, CO
Friday, 6/17/2022
8:30 AM - 3:15 PM MT
1. Approval of Consent Agenda
Presented By: Suzanne Kubec, Vice Chair, Board of Trustees Action
- Approval of Agenda
- Approval of March 18, 2022, Board Meeting Minutes (Tab A)
- Resolution for Signature Authorization (Tab B)
- Divestment from Companies with Prohibitions Against Israel Report (Tab C)
2. Public Comment
Presented By: Suzanne Kubec, Vice Chair, Board of Trustees Information
3. Proclamation - Tina Mueh (Tab D)
Presented By: Suzanne Kubec, Vice Chair, Board of Trustees Action
4. 2022 Board Election Results (Tab E)
Presented By: Sarah Wager, PERA Internal Audit Director Action
5. Committee Reports Information/Action
- Executive Committee
Presented By: Suzanne Kubec, Vice Chair, Board of Trustees Information
- Ad Hoc Committee—Board Local Government Vacancy
Presented By: Suzanne Kubec, Committee Chair Action
- Audit Committee
Presented By: Timothy M. O'Brien, Committee Chairman Information
- Benefits Committee
Presented By: Guillermo Barriga, Board of Trustees Information
- Investment Committee
Presented By: Rebecca Freyre, Committee Chair Information
6. Investment Performance Report (Tab F)
Presented By: Amy C. McGarrity, PERA Chief Investment Officer/Chief Operating Officer, John Lee, Aon, Partner, Katie Comstock, Aon, Associate Partner Information
7. Actuarial Valuation (Tab G)
Presented By: Segal Consulting:Brad Ramirez, Vice President & Consulting Actuary, Matt Strom, Senior Vice President and Consulting Actuary, Melissa Krumholz, Senior Healthcare Consulting Actuary Information
8. Release of 2021 Annual Financial Report (Tab H)
Presented By: Timothy O'Brien, Committee Chairman Action
9. Legislative Update (Tab I1, Tab I2)
Presented By: Ron Baker, PERA Executive Director, Michael Steppat, PERA Public & Government Affairs Manager Information
10. Communications Update (Tab J)
Presented By: Patrick von Keyserling, PERA Senior Director Communications, James Chung, Reach Advisors, President Information
11. Staff Reports
Executive Director Report (Tab K)
Presented By: Ron Baker, PERA Executive Director Information
- Market and Portfolio Update (Tab L)
Presented By: Amy C. McGarrity, PERA Chief Investment Officer/Chief Operating Officer Information
- Legal Update
Presented By: Kevin Gallaway, PERA General Counsel Information
- In accord 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 Litig - ation
- Petrobras ArbitrationIn 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
- Daimler
- Kansai Electric Power Co, Inc.
- Settlements
- C.R.S. § 24-51-205(6)(b) Staff Decisions Reversed by the Executive Director
12. 2022 Board Planning Session Topics
Presented By: Suzanne Kubec, Vice Chair, Board of Trustees Information
13. Other Business
Presented By: Suzanne Kubec, Vice Chair, Board of Trustees Information
14. 2022 Board Meeting Dates Information
- September 21-23, 2022 Planning Session and Board Meeting
- November (17) 18, 2022