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A83087BE9EEE913087258B74006CEAC2 Hearing Summary




PUBLIC
BILL SUMMARY For PRESENTATION FROM PERA

INTERIM COMMITTEE  PENSION REVIEW COMMISSION
Date Aug 9, 2024      
Location LSB B



Presentation from PERA - Committee Discussion Only


01:49:43 PM  
Mr. Andrew Roth, Executive Director, Ms. Amy McGarrity, Chief Investment Officer, and Mr. Michael Steppat, Governmental Affairs Manager, all representing PERA, presented to the committee on its 2023 annual report, recent legislation, and what to expect going forward.
01:59:38 PM  
Mr. Roth and Ms. McGarrity responded to committee questions about actuarial assumptions.
02:20:09 PM  
Mr. Steppat responded
to committee questions related to recent legislation concerning PERA.
02:21:54 PM  
Mr. Roth discussed
PERA's response to the PNYX report.

02:27:48 PM  
Mr. Roth and Ms. McGarrity responded to committee questions regarding the negative cash flow status of PERA.
02:35:33 PM  
Ms. McGarrity responded
to committee questions regarding the upcoming asset liability report and
PERA's official response to the PNYX report, expected in late September
2024.
02:45:43 PM  
Mr. Roth responded to committee questions about how state employment vacancy rates and collective bargaining agreements factor into PERA's assumptions.