A6950224D708A20F87258398007C43DF Hearing Summary CLICS/CLICS2019A/commsumm.nsf PUBLICBILL SUMMARY For COLORADO PUBLIC EMPLOYEES' RETIREMENT ASSOCIATIONSENATE COMMITTEE ON FINANCEDate Feb 5, 2019 Location SCR 357 Colorado Public Employees' Retirement Association - Committee Discussion Only Attachment Tag File Name Attachment http://www2.leg.state.co.us/CLICS/CLICS2019A/commsumm.nsf/0/69D477729528...$File/190205 AttachC.pdf?OpenElement 190205 AttachC.pdf 03:37:32 PM Mr. Tim O'Brien, Chair of the PERA Board of Trustees, introduced his colleagues. Mr. Ron Baker, Executive Director of Colorado PERA, gave a presentation on the impact of Senate Bill 18-200 (Attachment C). 03:52:54 PM Mr. Baker responded to a question from the committee related to the timeline of eliminating unfunded liabilities. 03:54:22 PM Ms. Amy McGarrity, Chief Investment Officer for PERA, presented information related to investment performance and asset allocation. Ms. McGarrity and Mr. Baker responded to questions from the committee related to targeted rate of return and how it compares to the state's borrowing rate. 04:05:37 PM Mr. Baker presented on the automatic adjustment provision. Mr. Baker responded to a question from the committee related the automatic adjustment.