John Herrington, Director, Retirement Services Division
Jean Reid, Accounting Specialist, Retirement Services Division
Colin Newman,
Assistant Director, Retirement Services Division
Laurie Martin, State
Treasurer�s Office, Ex Officio Member
Ed Koebel, Cavanaugh Macdonald,
Consulting LLC (via telephone)
John Garrett, Cavanaugh Macdonald, Consulting
LLC
Jason Ostroski, Clifton Larson Allen, LLP
The meeting began at approximately 3:15 p.m.
1. Discussion was held in regard to the revised GASB Statement No. 68 Report for the Connecticut Municipal Employee's Retirement System.
Motion was made to recommend to the Commission to accept revised GASB Statement No. 68 Report for the Connecticut Municipal Employee's Retirement System prepared as of June 30, 2018 and revised as of July 31, 2019. All voted in favor. The motion carried.
2. Discussion was held in regards to the GASB Audit Report for the Connecticut Municipal Employee�s Retirement System.
Motion was made to recommend to the Commission to accept the GASB Audit Report for the Connecticut Municipal Employee's Retirement System dated August 9, 2019 for June 30, 2018. All voted in favor. The motion carried.
3. Discussion was held in regards to State Employee's Retirement System option factors.
Motion was made recommend to the Commission to update SERS option factors for all optional forms of retirement benefits in accordance with Actuarial recommendation for implementation as of January 1, 2020. All voted in favor. The motion carried.
4. Discussion was held in regards to Connecticut Municipal Employee's Retirement System option factors.
Motion was made to recommend to the Commission to update MERS option factors for all optional forms of retirement benefits in accordance with Actuarial recommendation for implementation as of January 1, 2020. All voted in favor. The motion carried.
The meeting was adjourned at approximately 4:50 p.m.
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