Athena Elliston

The board meeting will cover several key topics, including a legislative update and presentation on ASRS 2026 initiatives. The agenda includes discussions on the investment program, market environment outlook, risk analysis, and investment compliance. Additionally, the Board will review the annual report for the Contribution Prepayment Program, conduct elections for the Chairperson and Vice-chairperson for the upcoming fiscal year, and evaluate supplemental operations reports covering budget, staffing, and cash flow. The Executive Director's annual performance review is also scheduled for consideration.

The board meeting includes presentations and potential action on 2026 legislative and rulemaking initiatives, financial reporting awards, and the Annual Comprehensive Financial Report for fiscal year 2025. Key topics also involve annual actuarial valuations, pension and health insurance contribution rates, and investment program updates, including market outlooks and risk compliance. Additionally, the board will discuss updates to the governance policy handbook, supplemental operations reports, and an executive session for the annual performance review and employment agreement of the Executive Director.

The committee discussed and acted upon the Administrative Law Judge's decision regarding an appeal filed by an individual requesting to opt out of ASRS membership based on claims of religious freedom violations and constitutional concerns. Following a presentation by legal counsel and a statement from the appellant, the committee moved to accept the decision of the Administrative Law Judge.

The committee reviewed and accepted Administrative Law Judge decisions regarding appeals filed by two separate individuals concerning disability retirement status. The committee confirmed its limited scope to matters presented during the original hearings and addressed questions regarding statutory limitations on disability classifications and taxation.

The meeting agenda includes a review of the investment market environment, outlook, and independent reporting for the period ending June 30, 2025. Furthermore, the committee will discuss asset class investment reports and preliminary total fund performance for the period ending August 31, 2025, covering public equity, private equity, real estate, credit, and interest rate sensitive asset classes. The meeting also involves a presentation and discussion regarding risk analysis and investment compliance.