STATE EMPLOYEES RETIREMENT COMMISSION
OFFICE OF THE STATE COMPTROLLER
55 ELM STREET
HARTFORD, CONNECTICUT 06106
MEETING AGENDA

June 18, 2009

CALL TO ORDER

CHAIRMAN'S REPORT

DIVISION DIRECTOR'S ADMINISTRATIVE AND SUBCOMMITTEE REPORTS

OLD MATTERS

NEW MATTERS

1. REQUEST COMMISSION APPROVAL OF THE MAY 21, 2009 MINUTES (attached)

2. REQUEST COMMISSION APPROVAL OF THE STATE EMPLOYEES RETIREMENT COMMISSION CHAIRMAN'S PER DIEM AND TRAVEL EXPENSES REIMBURSEMENT (attached)

3. REQUEST COMMISSION APPROVAL OF THE STATE EMPLOYEES RETIREMENT SYSTEM SERVICE RETIREMENTS FOR THE MONTH OF MAY 2009 (attached)

4. REQUEST COMMISSION APPROVAL OF THE STATE EMPLOYEES RETIREMENT SYSTEM VOLUNTARY PENDING DISABILITY RETIREMENTS FOR THE MONTH OF MAY 2009 (attached)

5. REQUEST COMMISSION REVIEW OF THE STATE EMPLOYEES RETIREMENT SYSTEM DISABILITY RETIREMENTS FOR THE MONTH OF MAY 2009 APPROVED BY THE MEDICAL EXAMINING BOARD AS OF APRIL 30, 2009 (attached)

6. REQUEST COMMISSION APPROVAL OF THE CONNECTICUT STATE EMPLOYEES RETIREMENT SYSTEM RETROACTIVE RETIREMENTS FOR THE MONTH OF MAY 2009 (attached)

7. REQUEST COMMISSION APPROVAL OF THE JUDGES, FAMILY SUPPORT MAGISTRATES AND COMPENSATION COMMISSIONERS RETIREMENT SYSTEM RETIREMENTS (attached)

8. REQUEST COMMISSION APPROVAL OF THE CONNECTICUT PROBATE JUDGES AND EMPLOYEES RETIREMENT FUND PERSONAL EXPENSES FOR THE MONTH OF MAY 2009 (attached)

9. REQUEST COMMISSION APPROVAL OF THE MUNICIPAL RETIREMENT SYSTEM RETIREMENTS (attached)

10. REQUEST COMMISSION ACCEPTANCE OF RECOMMENDATIONS OF THE MEDICAL EXAMINING BOARD FROM ITS MEETING ON MAY 8, 2009 RELATIVE TO APPLICATIONS FOR DISABILITY RETIREMENTS RECEIVED FROM THE MUNICIPAL EMPLOYEES RETIREMENT SYSTEM

11. REQUEST COMMISSION APPROVAL OF THE STATE EMPLOYEES RETIREMENT COMMISSION MANAGEMENT TRUSTEE'S PER DIEM AND TRAVEL EXPENSES REIMBURSEMENTS (attached)

12. REQUEST COMMISSION APPROVAL OF THE STATE EMPLOYEES RETIREMENT COMMISSION UNION TRUSTEE'S PER DIEM AND TRAVEL EXPENSES REIMBURSEMENTS (attached)

13. REQUEST COMMISSION APROVAL OF THE PARKING EXPENSES INCURRED BY CHARLES CASELLA FOR COMMISSION MEETINGS BETWEEN MARCH 18, 2009 AND JUNE 9, 2009 (attached)

14. REQUEST COMMISSION ACCEPTANCE OF THE ACTUARIAL VALUATION OF THE PROBATE JUDGES AND EMPLOYEES RETIREMENT SYSTEM FOR CALENDAR YEAR ENDING DECEMBER 31, 2008

15. DISCUSSION OF DRAFT LETTER FROM MILLIMAN TO LEGISLATIVE LEADERSHIP CONCERNING CONNECTICUT PROBATE JUDGES AND EMPLOYEES RETIREMENT SYSTEM IMPACT OF COURT CONSOLIDATION. (Milliman will come in to discuss at 9:30)

16. APPROVE THE INVESTMENT SUBCOMMITTEE'S RECOMMENDTATION THAT THE RETIREMENT COMMISSION EXECUTE AN AGREEMENT WITH ING TO EXTEND THE CONTRACT FOR THIRD PARTY ADMINISTRATION SERVICES ON BEHALF OF THE 401 (a) PLAN UNTIL JULY 1, 2010. STABLE VALUE FUND ON JULY 6, 2009. UNDER THE PROPOSAL UP TO 25% OF TE STABLE VALUE PLAN'S TOTAL ASSETS WILL BE INVESTED IN A SEPARATE ACCOUNT, MEASURED BY THE BARCLAY'S INTERMEDIATE AGGREGATE INDEX.

17. APPROVE THE INVESTMENT SUBCOMMITTEE'S RECOMMENDATION THAT THE RETIREMENT COMMISSION EXECUTE AN AGREEMENT WITH ING TO EXTEND THE CONTRACT FOR THIRD PARTY ADMINISTRATIVE SERVICES ON BEHALF OF THE 401 (a) PLAN UNTIL JULY 1, 2010.

EXECUTIVE SESSION

18. REQUEST COMMISSION APPROVAL OF RECOMMENDATION OF THE ACTUARIAL SUBCOMMITTEE FOR ENTERING INTO CONTRACTS FOR MERS AND SERS ACTUARIAL SERVICES (2009-2013) FOR MERS ON A BIENNIAL BASIS AND FOR SERS ON A MODIFIED BIENNIAL BASIS WITH CERTAIN ACTUARIAL CONSULTING FIRMS. (please see subcommittee reports sent out with the agenda for additional information)

19. APPROVAL FOR THE STATE COMPTROLLER TO NEGOTIATE AND THEREAFTER ENTER INTO CONTRACTS ON BEHALF OF THE RETIREMENT COMMISSION, AFTER FINAL APPROVAL OF THE CONTRACTS ARE GIVEN BY RETIREMENT COMMISSION TRUSTEES, FOR MERS AND SERS ACTUARIAL SERVICES (2009-2013) FOR MERS ON A BIENNIAL BASSIS AND FOR SERS ON A MODIFIED BIENNIAL BASIS.

DISCUSSION

THE APPLICATION OF ACCRUED VACATION AT TERMINATION TO MEET THE MINIMUM SERVICE REQUIREMENTS FOR ELIGIBILITY PURPOSES

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