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A7671DB8793A28C287258750006D66B4 Hearing Summary




PUBLIC
BILL SUMMARY For PRESENTATION FROM THE PUBLIC EMPLOYEES' RETIREMENT ASSOCIATION

INTERIM COMMITTEE  PENSION REVIEW COMMISSION
Date Sep 14, 2021      
Location HCR 0112



Presentation from the Public Employees' Retirement Association - Committee Discussion Only
01:55:00 PM  
Director Ron Baker,
Ms. Amy McGarrity, and Board Chair Marcus Pennell, representing the Public
Employees' Retirement Association (PERA), came to the table to provide
the commission with an update.  Their presentation may be found in
Attachment B and here: https://leg.colorado.gov/sites/default/files/images/pera_pension_review_commission_9.14.21.pdf.
01:58:52 PM  
Mr. Baker discussed PERA's governance, PERA's 2020 in review, the automatic adjustment provision, and PERA's funded status.
02:11:56 PM  
Ms. McGarrity continued by discussing PERA's investment program, performance, and asset allocation. Ms. McGarrity stated that PERA's rate of return over 10 years is 9.4 percent. She noted that the PERA Board of Trustees is responsible for the association's asset allocation.
02:16:44 PM  
Mr. Baker continued by discussing upcoming website updates and that the DC plan is moving over to Empower.
02:20:22 PM  
Committee discussion with PERA continued.