CLICS/CLICS2019A/commsumm.nsf
PUBLIC
BILL SUMMARY For PERA BOARD GOVERNANCE AUDIT - CONSIDERATION
INTERIM COMMITTEE PENSION REVIEW SUBCOMMITTEE
Date Sep 3, 2019
Location HCR 0112
PERA Board Governance Audit - Consideration - Committee Discussion Only
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12:40:50 PM |
Dianne Ray, State Auditor, returned to the table for a discussion of the scope of a potential audit.
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12:41:23 PM |
Mr. Valore-Caplan discussed his proposed language (Attachment E).
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12:43:20 PM |
Ms. Ray distributed a handout (Attachment F) of her office's edits to Mr. Valore-Caplan's proposal in order that it may clearly be audited and held up against best practices. Mr. Valore-Caplan responded that the amended language matched the spirit of the inquiry.
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12:43:42 PM |
Senator Tate discussed the goals of the subcommittee which was created in his bill, Senate Bill 18-200. He noted that the intent was to put the experts on the subcommittee so that they could, with the support of Legislative Council Staff, come to conclusions about governance and other issues using their own expertise.
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12:57:24 PM |
Ms. Nicole Myers returned to the table along with Ms. Erin Reynolds, Legislative Council Staff, responded to committee members' questions regarding the scope of staff support and the requirement for an independent audit of PERA in statute.
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12:58:33 PM |
The committee members continued to discuss the independent audit and the potential OSA study.
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01:26:35 PM |
Ms. Ray and Ms. Reynolds continued to respond to committee discussion. The committee discussed foregoing a formal governance audit and instead asked Legislative Council Staff to research governance practices in other state pension systems, to be defined more clearly with the input of Representative Bird and Representative Van Winkle and discussed at a future meeting.
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01:39:21 PM
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Motion |
Motion for the Subcommittee to request Legislative Council Staff to perform a research project under the authority of Representatives Bird and Van Winkle as project managers. |
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Moved |
Lang Sias |
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Seconded |
Ginal |
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Gary Arnold |
Yes |
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Jack Blumenthal |
Yes |
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Michael Johnson |
Yes |
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Jim Mantele |
Yes |
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Carole Partin |
Yes |
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Trey Rogers |
Excused |
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Joshua Sharf |
Yes |
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Lang Sias |
Yes |
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Amy Slothower |
Yes |
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Tate |
Yes |
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Ben Valore-Caplan |
Yes |
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Van Winkle |
Yes |
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Ginal |
Yes |
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Bird |
Yes |
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YES: 13 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: PASS |
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