A7671DB8793A28C287258750006D66B4 Hearing Summary CLICS/CLICS2021A/commsumm.nsf PUBLICBILL SUMMARY For PRESENTATION FROM THE PUBLIC EMPLOYEES' RETIREMENT ASSOCIATIONINTERIM COMMITTEE PENSION REVIEW COMMISSIONDate Sep 14, 2021 Location HCR 0112 Presentation from the Public Employees' Retirement Association - Committee Discussion Only Attachment Tag File Name Attachment B http://www2.leg.state.co.us/CLICS/CLICS2021A/commsumm.nsf/0/B18362E88A26...$File/21PenReviewComm0914AttachB.pdf?OpenElement 21PenReviewComm0914AttachB.pdf 01:55:00 PM Director Ron Baker, Ms. Amy McGarrity, and Board Chair Marcus Pennell, representing the Public Employees' Retirement Association (PERA), came to the table to provide the commission with an update. Their presentation may be found in Attachment B and here: https://leg.colorado.gov/sites/default/files/images/pera_pension_review_commission_9.14.21.pdf. 01:58:52 PM Mr. Baker discussed PERA's governance, PERA's 2020 in review, the automatic adjustment provision, and PERA's funded status. 02:11:56 PM Ms. McGarrity continued by discussing PERA's investment program, performance, and asset allocation. Ms. McGarrity stated that PERA's rate of return over 10 years is 9.4 percent. She noted that the PERA Board of Trustees is responsible for the association's asset allocation. 02:16:44 PM Mr. Baker continued by discussing upcoming website updates and that the DC plan is moving over to Empower. 02:20:22 PM Committee discussion with PERA continued.
