MINUTES OF MEETING - STATE EMPLOYEES RETIREMENT COMMISSION - ACTUARIAL SUBCOMMITTEE - May 15, 2019
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STATE EMPLOYEE RETIREMENT COMMISSION
ACTUARIAL SUBCOMMITTEE

MINUTES OF THE MAY 15, 2019 MEETING

Trustees Participating:
Charles Casella
 Karen Nolen
Robert D. Coffey
Claude Poulin
Michael Bailey (via telephone)

Other Participants:

Peter Adomeit, Chairman, Retirement Commission
John Herrington, Director, Retirement Services Division
Jean Reid, Accounting Specialist, Retirement Services Division
Robert Helfand, Coordinator, Retirement Services Division
Laurie Martin, State Treasurer�s Office, Ex Officio Member
Ed Koebel, Cavanaugh Macdonald, Consulting LLC (via telephone)

The meeting began at approximately 2:06 p.m.

1.  Discussion was held with regard to MERS withdrawals.

Claude Poulin moved, seconded by Karen Nolen, to recommend to the Commission to accept the advice of the actuaries to use the 20 year municipal GASB rate as the rate of calculation to determine liability for entities that wish to exit MERS.

All voted in favor.  The motion carried.

The meeting was adjourned at approximately 2:57 p.m.  

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