J. Reed Walters

The board meeting agenda included reviews of retirement activity and benefit amounts, an annual valuation presentation, and an investment report featuring updates and commitments from financial firms. The board also addressed investment policy statement revisions, including a conflict policy draft and annual certification. The director's report covered administrative items such as board scheduling, budget updates, proposed legislation, an audit questionnaire, an investment consultant RFP update, and legal status updates, alongside requirements for ethics and sexual harassment training.

The agenda for the meeting includes the election of officers, presentations from real estate managers regarding property funds, and a review of financial reports. Key items involve the actuarial report covering the employer rate and contract renewal, an investment report with market performance updates, and a director's report addressing the legislative session, fiscal year budget approval, and ethics disclosures.

The board meeting agenda includes the review and action on September financials and retirement activity. The meeting will feature a financial audit presentation, an actuarial valuation report, and an investment report covering market performance, real estate education, and an investment manager update. Additionally, the Director's report will address upcoming legislation, a performance review, and the quarterly budget review.

The Board of Trustees meeting included several key actions and discussions. The Board approved financial statements for November and December 2021 and accepted several member retirements, while also reporting on recent retiree deaths. Discussions covered the proposed FY23 contract for actuarial services, which was approved. The Board reviewed the 2021 Actuarial Valuation, receiving recommendations from the Louisiana Legislative Auditor regarding Cost-Of-Living Adjustments (COLAs) and the Investment Return Assumption. Investment reports were presented, noting portfolio performance through December 31, 2021, and outlook for 2022 volatility. The fiscal year 2021 DARS audit, which had no findings, was accepted. Legislative updates concerning HB 20 and HB 24 were disseminated. The Board adjusted its September meeting schedule to avoid conflict with the LAPERS Conference. The draft budget for FY2023 was reviewed, including salary adjustments for staff positions, followed by an executive session to discuss the Director/General Counsel salary, after which the budget was adopted with a specific cost-of-living increase for the Director.

The document contains minutes from multiple Board of Trustees meetings, as well as an Actuarial Valuation Report and informational materials. Key discussions across the meetings included the approval of financial statements for various months, acceptance of several member retirements, and investment portfolio performance analysis, noting appreciation through December 31, 2019, and June 30, 2019. Legislation proposals were reviewed, specifically concerning technical changes to compensation definitions and membership eligibility minimum salary, and action was taken to support or oppose certain bills. The Board addressed compliance regarding the reemployment of retirees, with actions taken to draft policy language and approve a mandatory Reemployment Notice. Furthermore, matters related to trustee conflicts of interest and ongoing litigation were discussed, alongside budgetary amendments, including separating DARS hosting from LDAA and obtaining cyber insurance quotes.