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788035FD11631B3687258BA10052B2BD Hearing Summary




PUBLIC
BILL SUMMARY For PERA RESPONSES

INTERIM COMMITTEE  PENSION REVIEW SUBCOMMITTEE
Date Sep 23, 2024      
Location Old State Library



PERA Responses - Committee Discussion Only

09:05:27 AM  
Andrew Roth, Executive Director; Amy McGarrity, Chief Financial Officer; and Michael Steppat, Government Affairs Director, all representing PERA, provided responses to the subcommittee's recommendations (Attachment A).
09:14:26 AM  
Ms. McGarrity responded to committee questions about PERA's responses.
09:25:39 AM  
Richard Parker, Partner, Aon Investments, presented findings from the recent asset liability study (Attachment B).
09:34:03 AM  
Mr. Parker responded to committee questions.
09:41:56 AM  
Ms. McGarrity and Mr. Parker continued to respond to committee questions about asset classes and private equity.
10:04:38 AM  
Mr. Brad Ramirez, Vice President and Consulting Actuary, Segal Group, provided responses to the committee (Attachment C).
10:34:04 AM  
Mr. Ramirez responded to committee questions about the likelihood of achieving full funding by 2048.