53A6FBDD78C3BE438725846A006C0482 Hearing Summary CLICS/CLICS2019A/commsumm.nsf PUBLICBILL SUMMARY For PERA ON ECONOMIC ASSUMPTIONS AND ASSET LIABILITY STUDYINTERIM COMMITTEE PENSION REVIEW SUBCOMMITTEEDate Sep 3, 2019 Location HCR 0112 PERA on Economic Assumptions and Asset Liability Study - Committee Discussion Only 01:39:54 PM Mr. Ron Baker returned to the table with Ms. Amy McGarrity, PERA Chief Investment Officer, to discuss PERA's asset-liability study (included in Attachment B). 01:40:58 PM Ms. McGarrity explained the asset-liability study currently underway and performed by Aon Hewitt Investment Consulting, Inc. She discussed PERA's asset classes, strategic asset allocation, how capital market assumptions drive expectations, and PERA's current long-term strategic portfolio. 01:55:15 PM Ms. McGarrity responded to committee members' questions regarding the long-term rate of return assumption.