Christopher K Giboney

The Board received and filed a report regarding closed session actions involving pension fund investment transactions. Specifically, the Board noted the completed liquidation of approximately $143 million from the public equity investment mandate previously managed by Weatherbie Capital within the Domestic Equity portfolio.

The Board of Retirement approved the ratification of service retirement applications that were finalized for the month of May 2026. The report included data for 35 total retirements across various departments, detailing service credit and retirement plans for each individual.

The Board reviewed the Monthly Report of Investment Activity for May 2026. The discussion covered new and follow-on investments in private equity, illiquid credit, infrastructure, and international equity, as well as a full redemption in small cap growth.

The meeting includes the review and filing of the timeline and audit process for the Annual Independent Financial Statement Audit. Additionally, the committee will receive and file the Agreed Upon Procedure review regarding employer payroll reporting for the specified half-year period.

SCERS has published its Strategic Vision Plan to 2041, 'The Centennial Blueprint,' outlining its commitment to remaining a reliable retirement partner. The plan details strategies to evolve, modernize, and strengthen services while upholding its core mission, addressing long-term financial, demographic, and operational challenges and opportunities. It was developed through extensive feedback from stakeholders.