Public Employees' Retirement Association Board Meeting

Cheyenne Mountain Resort
3225 Broadmoor Valley Road
Colorado Springs, CO

Friday, 9/23/2022
8:30 AM - 12:00 PM MT

1. Approval of Consent Agenda
   • Presented By: Marcus Pennell, Chairman, Board of Trustees Action
     • Approval of Agenda
     • Approval of June 17, 2022, Board Meeting Minutes (Tab A)
     • Divestment From Companies With Prohibitions Against Israel Restricted Company List (Tab B)
     • Board Committee Assignments (Tab C)
2. Public Comment
   • Presented By: Marcus Pennell, Chairman, Board of Trustees Information
3. Proclamations—Guillermo Barriga, Thomas Barrett, and Ashley Smith (Tab D1, D2, D3)
   • Presented By: Marcus Pennell, Chairman, Board of Trustees Action
4. Committee Reports
   • Executive Committee
     • Presented By: Suzanne Kubec, Vice Chair, Board of Trustees Information
5. Investment Risk (Tab E)
   • Presented By: Jim Liptak, PERA Director Equities; Keith Tayman, PERA Director Fixed Income Information
6. Employee Development (Tab F)
   • Presented By: Jeremy Hill, PERA Chief Administrative Officer, Rebecca Harren, PERA Director Human Resources Information
7. Staff Reports
   • Executive Director Report (Tab G)
     • Presented By: Ron Baker, PERA Executive Director Information
   • Market and Portfolio Update (Tab H)
     • Presented By: Amy C. McGarrity, PERA Chief Investment Officer/Chief Operating Officer Information
   • Chief Administrative Officer Update (Tab I)
     • Presented By: Jeremy Hill, PERA Chief Administrative Officer Information
   • Chief Benefits Officer Update (Tab J)
     • Presented By: Patrick Lane, PERA Chief Benefits Officer Information
   • Legal Services 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 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
         • Daimler
         • Kansai Electric Power Co, Inc.
         • Settlements
         • C.R.S. § 24-51-205(6)(b) Staff Decisions Reversed by the Executive Director
8. Proposed 2023 Board Meeting Dates
   • Presented By: Ron Baker, PERA Executive Director Action
     • January 20, 2023
     • March (23) 24, 2023
     • June (15) 16, 2023
     • September 20-22, 2023 Planning Session and Board Meeting
     • November (16) 17, 2023
9. Other Business
   • Presented By: Marcus Pennell, Chairman, Board of Trustees Information
10. 2022 Board Meeting Dates Information
    • November (17) 18, 2022