Ron Baker, Executive
Director, PERA, and Amy McGarrity, PERA, presented PERA's response to subcommittee
questions on a variety of topics. They discussed inflation's impact on
PERA funds, membership, and retirees, and PERA's ability to model inflation.
Mr. Baker discussed PERA's cost-of-living-adjustments for retirees. Mr.
Baker responded to committee questions.