John Van Horn

The board meeting covers an education session on international stocks and home country bias, followed by the evaluation of disability retirement matters. Key investment agenda items include a third-quarter fiscal year performance update and interim investment directives for various funds. Board governance topics feature annual salary increases for executive staff, a review of fiduciary and human resources policies, a self-assessment policy review, and a review of the Police and Firefighters' Retirement Fund Committee. Financial and administrative items include the fiscal year summary budget report, updates on employer retirement reports, and progress on the pension administration system project. The ratification agenda includes fund disbursements, personnel actions, membership requests, and penalty waiver requests.

The agenda includes several administrative and investment-related topics. Key items include the review and approval of a contract with 1345 Consulting, LLC for administrative services for Fiscal Year 2027 and the proposed budget for administrative expenses for the Retirement Benefits Investment Fund for the same period. Investment agenda items feature a performance update for the 3rd Quarter of Fiscal Year 2026 and the establishment of interim investment directives. Additionally, the board will address the ratification of administrative expenses for the first quarter of 2026 and the continuation of an audit services contract with Casey, Neilon and Associates, LLC.

The meeting and education session included a PERIS project review, the evaluation of disability retirement matters, and several investment-related actions including an investment services agreement with Callan, a private real estate valuation contract with Altus Group, and interim investment directives. The agenda also featured a proclamation recognizing PERS' Employee Recognition Week, updates on employer monthly retirement reports and the pension administration system, and the approval of administrative fund disbursements, personnel actions, various benefit audits, and a project management services amendment.

The board conducted an education session on employer reporting and subsequently held a meeting to address several operational and administrative items. Key actions included approving disability retirements and reemployment requests, receiving a real estate portfolio presentation, and retroactively approving a contract addendum with Pathway Capital Management. The board authorized staff to begin negotiations for a multi-year financial audit contract and approved a project change request for the pension administration system. Additionally, the board held public hearings and approved revisions to official policies for the Public Employees' Retirement System, the Legislators' Retirement System, and the Judicial Retirement System. Various administrative disbursements, personnel actions, and a penalty waiver request were also ratified.

The meeting included an education session on large, mid, and small cap U.S. stocks. The board took action to approve permanent and total disability retirements, reemployment requests for disability recipients, and adopted the board's policies on monitoring, reporting, education, and legislative matters. The board accepted a budget variance report and authorized staff to notify employers of proposed revisions to official policies for several retirement systems. Additionally, the board ratified various administrative actions, including fund disbursements, personnel actions, a contract renewal, and multiple benefit and beneficiary audit reports.