I_PensionRevewSubComm_2022A 07/21/2022 10:07:28 AM Committee Summary PUBLICSTAFF SUMMARY OF MEETINGINTERIM COMMITTEE PENSION REVIEW SUBCOMMITTEE Date 07/21/2022 Attendance Gary Arnold E Michael Johnson X Jim Mantele X Carole Partin X Priola E Trey Rogers X Patrick Roybal X Joshua Sharf X Lang Sias X Jack Tate X Will X Earl Wright X Bird X Kolker X Time 10:07:28 AM to 11:14:46 AM Place HCR 0112 This Meeting was called to order by Kolker This Report was prepared by Anne Wallace Hearing Items Action Taken hReview of Subcommittee Charge Committee Discussion Only hSubcommittee Discussion of PERA Committee Discussion Only 10:07:39 AM Senator Kolker, Chair, called the meeting to order and gave opening remarks. Review of Subcommittee Charge - Committee Discussion Only 10:08:10 AM Anne Wallace, Legislative Council Staff, presented regarding the charge and requirements of the Pension Review Subcommittee. Ms. Wallace and Senator Kolker responded to committee questions. Subcommittee Discussion of PERA - Committee Discussion Only 10:21:59 AM Committee members discussed the Public Employees' Retirement Association (PERA). Members discussed inflation's impact on PERA benefits and modeling those impacts, PERA cost-of-living adjustments, and legislation and recommendations from the Pension Review Subcommittee in 2021. 10:52:28 AM The committee continued discussion of various aspects of PERA, including PERA health insurance and the impact of House Bill 22-1029 on PERA's funding projections. Committee discussion ensued regarding HB 22-1029. 11:13:28 AM The committee reviewed their questions and comments for PERA's response. Senator Kolker discussed the committee's meeting schedule and responded to questions about future meetings. 11:14:46 AM The committee adjourned.
