Alise White

The board meeting agenda included several key items such as the approval of a contract award for external audit services and a new survivor eligibility policy. The board addressed the disposition of election materials, reviewed trustee training hours and conference approvals, and received updates on the Project TITUS technology initiative. Legislative reports were provided by lobbyists, and the executive director delivered a report. An executive session was scheduled to discuss litigation, internal controls, and personnel matters. Additional business included a recommendation to write off legacy overpayments and the review of various committee reports, including those from the committees on claims, service credits, investments, and finance.

The Board of Trustees held a special meeting to discuss pension legislation and the impact of the newly signed Senate Bill 23 regarding investment restrictions in Sudan. The meeting addressed election procedures, specifically amending the By-laws for the election of Board members and discussing the logistics of polling places. Organizational matters included approving a compensation plan for the Chief Operating Officer/Chief Financial Officer and a re-organizational plan for the Fund. Additionally, the Board reviewed investment manager watch list guidelines and discussed communication strategies with investment managers and brokers regarding election policies.

The committee discussed public participation regarding pension advocacy and janitorial labor practices. The session included a 4Q25 total fund performance review and the placement of investment firms on the watch list based on performance metrics. A private credit market update was provided covering institutional investment risks and regulatory trends. Furthermore, the committee heard presentations from Cerity Partners regarding an investment consultant search, deliberated on the potential transition of consultant services, and ultimately voted to issue a new Request for Proposal for an investment consultant while approving a one-year contract extension for Callan.

The meeting focused on the theme of infrastructure investment with an emphasis on international opportunities. Presentations were provided by Aberdeen Investments regarding their global sustainable infrastructure strategy and I Squared Capital regarding their global infrastructure investment strategy, both detailing firm profiles, assets under management, and performance targets for upcoming funds. Under new business, a request was made for continued educational materials, specifically concerning the portfolio's watch list, the impact of job destruction on private equity and the total portfolio, and comprehensive information regarding investment fees.

The Board discussed requests for health care extensions for retired teachers and received a presentation on a teacher housing resource center. The meeting included discussions on Board bylaws, including potential changes to standing committee procedures and voting by mail. Ethics policies and staff annual evaluations were addressed, and the budget for the upcoming fiscal year was presented. Additionally, the Board reviewed legal matters, selected an auditor, and discussed health insurance carrier renewals and plan changes. Actions were taken regarding the duties of the President, and the Board deliberated on pension legislation and international educational conference attendance.