CLICS/CLICS2023A/commsumm.nsf
PUBLIC
BILL SUMMARY For PRESENTATION FROM PERA
JOINT COMMITTEE COMMITTEE ON JOINT FINANCE
Date Jan 26, 2023
Location Old State Library
Presentation from PERA - Committee Discussion Only
|
|
|
10:33:30 AM |
Executive Director
Ron Baker and Chief Investment Officer/Chief Operating Officer Amy McGarrity
came to the table to update the committee on PERA. PERA's presentation
may be found in Attachment A.
|
|
10:34:02 AM |
Mr. Baker continued by discussing PERA's governance and reporting structure to the General Assembly.
|
|
10:49:49 AM |
Director Baker continued by discussing PERA's funded status and the automatic adjustment provision.
|
|
11:13:41 AM |
Discussion continued with PERA on employee vacancies, organizations leaving PERA and unfunded liability, and PERA's financial responsibility.
|
|
11:24:02 AM |
Director Baker continued by discussing 2022 and (potential) 2023 legislation concerning PERA.
|
|
11:40:49 AM |
Ms. McGarrity continued
by discussing PERA's investment portfolio.
|
|
11:51:30 AM |
Mr. Baker answered some committee questions about inflation.
|
