CLICS/CLICS2024A/commsumm.nsf
PUBLIC
BILL SUMMARY For RECOMMENDATIONS
INTERIM COMMITTEE PENSION REVIEW SUBCOMMITTEE
Date Aug 2, 2024
Location Old State Library
Recommendations - Recommendations Made
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09:18:28 AM |
The subcommittee
discussed potential recommendations to the PERA Board and to the Pension
Review Commission. Mr. Andrew Roth, Chief Executive Officer/Executive
Director, PERA, Mr. Michael Steppat, Public & Government Affairs Manager,
PERA, and Brad Ramirez, Vice President and Consulting Actuary, Segal, responded
to questions from the subcommittee. Dr. Elisabeth Bourqui, CEO and
Co-Founder, PNYX Group SA, also responded to committee questions. Ms.
Reynolds then summarized the potential recommendations from the subcommittee.
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11:57:35 AM
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Motion |
Recommendation 1 - $225 million direct adjusted for inflation |
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| Moved |
Hamrick |
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| Seconded |
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Diane Doney |
Yes |
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Marty Gutierrez |
Yes |
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Liston |
Excused |
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Jim Mantele |
Excused |
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Tina Mueh |
Yes |
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Trey Rogers |
Excused |
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Patrick Roybal |
Excused |
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Joshua Sharf |
No |
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Lang Sias |
No |
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Jack Tate |
Yes |
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Wilson |
No |
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Earl Wright |
Excused |
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Hamrick |
Yes |
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Kolker |
Yes |
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YES: 6 NO: 3 EXC: 5 ABS: 0 FINAL ACTION: PASS |
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12:01:02 PM
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Motion |
Recommendation 2 - Defined contribution for schools |
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| Moved |
Joshua Sharf |
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| Seconded |
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Diane Doney |
No |
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Marty Gutierrez |
No |
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Liston |
Excused |
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Jim Mantele |
Excused |
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Tina Mueh |
No |
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Trey Rogers |
Excused |
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Patrick Roybal |
Excused |
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Joshua Sharf |
Yes |
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Lang Sias |
Yes |
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|
Jack Tate |
No |
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|
Wilson |
Yes |
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|
Earl Wright |
Yes |
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|
Hamrick |
No |
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Kolker |
No |
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YES: 4 NO: 6 EXC: 4 ABS: 0 FINAL ACTION: FAIL |
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12:01:44 PM
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Motion |
Recommendation 3 - Benchmark details |
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| Moved |
Kolker |
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| Seconded |
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Diane Doney |
Yes |
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|
Marty Gutierrez |
Yes |
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Liston |
Excused |
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|
Jim Mantele |
Excused |
|
|
Tina Mueh |
Yes |
|
|
Trey Rogers |
Excused |
|
|
Patrick Roybal |
Excused |
|
|
Joshua Sharf |
Yes |
|
|
Lang Sias |
Yes |
|
|
Jack Tate |
Yes |
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|
Wilson |
Yes |
|
|
Earl Wright |
Yes |
|
|
Hamrick |
Yes |
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|
Kolker |
Yes |
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YES: 10 NO: 0 EXC: 4 ABS: 0 FINAL ACTION: PASS |
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12:02:23 PM
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Motion |
Recommendation 4 - PERA Board recordings |
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| Moved |
Hamrick |
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| Seconded |
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Diane Doney |
Yes |
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|
Marty Gutierrez |
Yes |
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|
Liston |
Excused |
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|
Jim Mantele |
Excused |
|
|
Tina Mueh |
Yes |
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|
Trey Rogers |
Excused |
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|
Patrick Roybal |
Excused |
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|
Joshua Sharf |
Yes |
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|
Lang Sias |
Yes |
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|
Jack Tate |
Yes |
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|
Wilson |
Yes |
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|
Earl Wright |
Yes |
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|
Hamrick |
Yes |
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|
Kolker |
Yes |
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YES: 10 NO: 0 EXC: 4 ABS: 0 FINAL ACTION: PASS |
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12:03:32 PM
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Motion |
Recommendation 5 - Study impact of salary increases |
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| Moved |
Joshua Sharf |
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| Seconded |
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Diane Doney |
No |
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Marty Gutierrez |
No |
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Liston |
Excused |
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|
Jim Mantele |
Excused |
|
|
Tina Mueh |
No |
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|
Trey Rogers |
Excused |
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|
Patrick Roybal |
Excused |
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|
Joshua Sharf |
Yes |
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|
Lang Sias |
Yes |
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|
Jack Tate |
Yes |
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|
Wilson |
Yes |
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|
Earl Wright |
Yes |
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|
Hamrick |
No |
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|
Kolker |
No |
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YES: 5 NO: 5 EXC: 4 ABS: 0 FINAL ACTION: FAIL |
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12:04:47 PM
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Motion |
Recommendation 6 - Study impact of unvested employees leaving employment |
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| Moved |
Joshua Sharf |
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| Seconded |
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Diane Doney |
Yes |
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Marty Gutierrez |
No |
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Liston |
Excused |
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|
Jim Mantele |
Excused |
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|
Tina Mueh |
Yes |
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|
Trey Rogers |
Excused |
|
|
Patrick Roybal |
Excused |
|
|
Joshua Sharf |
Yes |
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|
Lang Sias |
Yes |
|
|
Jack Tate |
Yes |
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|
Wilson |
Yes |
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|
Earl Wright |
Yes |
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|
Hamrick |
No |
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Kolker |
No |
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YES: 7 NO: 3 EXC: 4 ABS: 0 FINAL ACTION: PASS |
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