Senate Committee on Retirement
November 21, 2008
1:00 pm
Room A-B

Adjourned		 




  BLUE = already considered.   RED = currently being considered.   BLACK = not yet considered.
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CALL TO ORDER

ROLL CALL

DISCUSSION
  * Introductory remarks by staff
– Fiduciary duty of trustees
– Legal requirements of investment allocation

* Testimony regarding statewide retirement system investments including:
– Asset allocation, including asset classes, diversification, and sector weighting
– Explanation of the actuarial concept of "smoothing"
– Net investment returns for the twelve months ending June 30, 2008
– Net investment returns for the quarter ending September 30, 2008
– Net investment returns for the month ending October 31, 2008
– Actuarial valuation information for the fiscal year ending in 2008, including employer contributions for 2009-2010 fiscal year
– Potential for impact on employer contributions for 2010-2011 fiscal year

Presentations by:
– The Statewide Systems

CONSIDERATION OF ANY OTHER MATTERS THAT MAY COME BEFORE THE COMMITTEE

ADJOURNMENT