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A6950224D708A20F87258398007C43DF Hearing Summary




PUBLIC
BILL SUMMARY For COLORADO PUBLIC EMPLOYEES' RETIREMENT ASSOCIATION

SENATE COMMITTEE ON FINANCE
Date Feb 5, 2019      
Location SCR 357



Colorado Public Employees' Retirement Association - Committee Discussion Only
03:37:32 PM  

Mr. Tim O'Brien, Chair of the PERA Board of Trustees, introduced his colleagues.  Mr. Ron Baker, Executive Director of Colorado PERA, gave a presentation on the impact of Senate Bill 18-200 (Attachment C).
03:52:54 PM  

Mr. Baker responded to a question from the committee related to the timeline of eliminating unfunded liabilities.
03:54:22 PM  

Ms. Amy McGarrity, Chief Investment Officer for PERA, presented information related to investment performance and asset allocation.  Ms. McGarrity and Mr. Baker responded to questions from the committee related to targeted rate of return and how it compares to the state's borrowing rate.
04:05:37 PM  

Mr. Baker presented on the automatic adjustment provision.  Mr. Baker responded to a question from the committee related the automatic adjustment.






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