Board of Trustees November 18, 2022 Agenda
Public Employees' Retirement Association Board Meeting
Raymond “Doc” Heath Memorial Boardroom
1301 Pennsylvania Street
Denver, CO
Friday, 11/18/2022
9:00 AM - 3:10 PM MT
- Approval of Consent Agenda (Governance Item) Action
Presented By: Marcus Pennell, Chairman, Board of Trustees - Public Comment (Governance Item) Information/Discussion
Presented By: Marcus Pennell, Chairman, Board of Trustees - Calendar Year 2023 Committee Preferences (Governance Item) Information/Discussion
Presented By: Marcus Pennell, Chairman, Board of Trustees - Committee Reports (Governance Item)
- Executive Committee Information
Presented By: Suzanne Kubec, Vice Chair, Board of Trustees - Audit Committee Information
Presented By: Timothy M. O'Brien, Chairman, Audit Committee - Benefits Committee Information
Presented By: Julie Friedemann, Chair, Benefits Committee - Compensation & Budget Committee Committee Action
Presented By: Amy Grant, Chair, Compensation & Budget - Evaluation Committee Information
Presented By: Marcus Pennell, Chairman, Board of Trustees - Investment Committee Information
Presented By: Rebecca Freyre, Chair, Investment Committee Information
- Executive Committee Information
- 2023 Board Election Calendar (Tab D) (Statutory Item) Action
Presented By: Sarah Wager, PERA Director of Internal Audit - Member Contribution Interest Rate (Tab E1, E2) (Statutory Item) Action
Presented By: Ron Baker, PERA Executive Director - Actuarial Audit Results (Tab F1, F2, F3) (Governance Item) Information
Presented By: Ron Baker, PERA Executive Director; Buck's David Driscoll, Principal, Consulting Actuary; Mike Ribble, Principal, Consulting Actuary; Kevin Penderghest, Director, Consulting Actuary - Strategic Plan Update (Tab G) (Strategic Planning) Information
Presented By: Ron Baker, PERA Executive Director; Amy McDuffee, Founder/CEO, Mosaic Governance Advisors, LLC; Catherine Jackson, CPA, CA, Mosaic Governance Advisors, LLC - Staff Reports (Governance Item) Information/Discussion
- Executive Director Report (Tab H)
Presented By: Ron Baker, PERA Executive Director - Market & Portfolio Update (Tab I)
Presented By: Amy C. McGarrity, PERA Chief Investment Officer/Chief Operating Officer - Legal Update
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
- Daimler
- Kansai Electric Power Co, Inc.
- Jerome Greene v. PERA
- PERA v. Tri-County Health Department, Douglas County, Arapahoe County and Adams County
- Braaten v. Unum and PERA
- Laurie Freedle v. Unum and PERA
- Settlements
- C.R.S. § 24-51-205(6)(b) Staff Decisions Reversed by the Executive Director
- 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:
- Executive Director Report (Tab H)
- Meet with the Executive Director (Governance Item) Information
Presented By: Marcus Pennell, Chairman, Board of Trustees- 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).
- Other Business Information/Discussion
Presented By: Marcus Pennell, Chairman, Board of Trustees - 2023 Board Meeting Dates Information
- January 20, 2023
- March (23) 24, 2023
- June (15) 16, 2023
- September 20-22, 2023, Planning Session and Board Meeting
- November (16) 17, 2023