CLICS/CLICS2021A/commsumm.nsf
PUBLIC
BILL SUMMARY For PRESENTATION FROM PERA ON THE GRS INDEPENDENT AUDIT
INTERIM COMMITTEE PENSION REVIEW SUBCOMMITTEE
Date Sep 10, 2021
Location HCR 0112
Presentation from PERA on the GRS Independent Audit - Committee Discussion Only
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01:14:21 PM |
Marcus Pennell, Board
Chair, Colorado Public Employees Retirement Association (PERA), Ron Baker,
Executive Director, PERA, and Amy McGarrity, Chief Investment Officer,
PERA, presented to the committee regarding the GRS recommendations and
PERA updates. The presentation may be accessed here: http://leg.colorado.gov/sites/default/files/images/pera_presentation_pension_review_subcommittee_9.10.21_0.pdf.
The presenters described how PERA sets assumptions and responded
to a GRS recommendation to accelerate an experience study. The presenters
responded to committee questions.
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01:38:31 PM |
The presenters continued and responded to a GRS recommendation to shorten amortization periods. They discussed GRS recommendations related to communication with stakeholders and changes to PERA public reports.
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02:28:36 PM |
The presenters described PERA's asset allocation and responded to committee questions.
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02:50:24 PM |
The committee came back to order. The presenters responded to questions that were prepared by the Subcommittee regarding employee burden of unfunded liability, issuing pension bonds, and policy recommendations for PERA to achieve full funding. Committee discussion with the presenters ensued.
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