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8AEFCCA53AD9585B872588DA00540E33 Hearing Summary




PUBLIC
BILL SUMMARY For PERA RESPONSE TO SUBCOMMITTEE QUESTIONS

INTERIM COMMITTEE  PENSION REVIEW SUBCOMMITTEE
Date Oct 13, 2022      
Location HCR 0112



PERA Response to Subcommittee Questions - Committee Discussion Only


09:18:10 AM  
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.
10:04:14 AM  
Mr. Baker continued
with his presentation and discussed PERA's assumptions. Ms. McGarrity responded
to committee questions. Committee discussion ensued with Mr. Baker and
Ms. McGarrity.
10:18:06 AM  
The committee recessed.
10:27:27 AM  
The committee came
back to order.
10:27:33 AM  
Ms. McGarrity presented regarding PERA's rate of return assumptions. Committee discussion ensued. Ms. McGarrity discussed PERA's bond portfolio and its durations, and responded to questions. Mr. Baker and Ms. McGarrity continued to respond to subcommittee questions.
10:57:11 AM  
Mr. Baker presented
on the status of 2021 subcommittee recommendations to the PERA Board and
cost of health care for PERA retirees. Mr. Baker responded to committee
questions.






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