|
PUBLIC
STAFF SUMMARY OF MEETING
INTERIM COMMITTEE PENSION REVIEW SUBCOMMITTEE
| Date |
07/26/2024 |
| Attendance |
| Diane Doney |
X |
| Marty Gutierrez |
E |
| Liston |
E |
| Jim Mantele |
X |
| Tina Mueh |
X |
| Trey Rogers |
E |
| Patrick Roybal |
X |
| Joshua Sharf |
X |
| Lang Sias |
* |
| Jack Tate |
X |
| Wilson |
X |
| Earl Wright |
X |
| Hamrick |
X |
| Kolker |
X |
|
| Time |
09:05:09 AM to 11:40:28 AM |
| Place |
Old State Library |
| This Meeting was called to order by |
Kolker |
| This Report was prepared by |
Matthew Becker |
|
| Hearing Items |
Action Taken |
| hOpening Comments |
Committee Discussion Only |
| hPERA Annual Presentation and Response to Independent Review |
Committee Discussion Only |
| hOther Business |
Committee Discussion Only |
|
|
Opening Comments - Committee Discussion Only
|
|
|
09:07:58 AM |
Senator Kolker provided
opening comments.
|
PERA Annual Presentation and Response to Independent Review - Committee Discussion Only
|
|
|
09:08:23 AM |
Mr. Andrew Roth, Chief Executive Officer/Executive Director of Colorado PERA, Ms. Amy C. McGarrity, Chief Investment Officer/Chief Operating Officer of Colorado PERA, Mr. Michael Steppat, Public & Government Affairs Manager for Colorado PERA, and Brad Ramirez, Vice President and Consulting Actuary for Segal, presented to the committee (Attachment A).
|
|
09:26:11 AM |
Mr. Roth, Ms. McGarrity, and Mr. Steppat responded to questions from the committee.
|
|
10:11:15 AM |
Mr. Ramirez responded to committee questions and presented a response to the PNYX report presented at the July 19, 2024, subcommittee meeting.
|
|
10:30:05 AM |
Mr. Ramirez and Ms.
McGarrity continued to respond to committee questions about PERA's response
to the PNYX report.
|
|
10:52:29 AM |
Mr. Ramirez responded to committee questions about risk assumptions used to model PERA's financial situation.
|
|
10:53:58 AM |
Ethan Kra responded
to questions about the actuarial assumptions used in the PNYX report.
|
|
10:58:24 AM |
Mr. Steppat and Mr.
Ramirez continued to respond to committee questions about modeling assumptions.
|
|
11:08:53 AM |
Ms. McGarrity and Mr. Roth responded to committee questions about how PERA compares itself to other state pension systems.
|
|
11:16:39 AM |
Mr. Ramirez discussed
results from a recent Signal Light Report conducted by Segal and responded
to committee questions.
|
Other Business - Committee Discussion Only
|
|
|
11:40:04 AM |
Senator Kolker discussed next week's meeting.
|
| 11:40:28 AM |
The committee adjourned. |
