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Board of Trustees September 23, 2022 Agenda

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