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4EDB035DEECBD1C5872589430060717A Hearing Summary




PUBLIC
BILL SUMMARY For PRESENTATION FROM PERA

JOINT COMMITTEE COMMITTEE ON JOINT FINANCE
Date Jan 26, 2023      
Location Old State Library



Presentation from PERA - Committee Discussion Only
10:33:30 AM  
Executive Director
Ron Baker and Chief Investment Officer/Chief Operating Officer Amy McGarrity
came to the table to update the committee on PERA. PERA's presentation
may be found in Attachment A.
10:34:02 AM  
Mr. Baker continued by discussing PERA's governance and reporting structure to the General Assembly.
10:49:49 AM  
Director Baker continued by discussing PERA's funded status and the automatic adjustment provision.
11:13:41 AM  
Discussion continued with PERA on employee vacancies, organizations leaving PERA and unfunded liability, and PERA's financial responsibility.
11:24:02 AM  
Director Baker continued by discussing 2022 and (potential) 2023 legislation concerning PERA.
11:40:49 AM  
Ms. McGarrity continued
by discussing PERA's investment portfolio.
11:51:30 AM  
Mr. Baker answered some committee questions about inflation.






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