Meeting details
Joint Meeting of the Board of Trustees and Investment Advisory Committee
Held at: ERS - 9th Floor Conference Center, Rio Grande Conference Room
Wednesday, 08/25/2021
From 8:00 AM to 5:00 PM
Agenda
Meeting of the ERS Board of Trustees' Audit Committee
3
Review of Internal Audit Reports
• Qualified Domestic Relations Orders Audit
• Alternative Investments Funding Audit
• Status of Audit Recommendations
• Qualified Domestic Relations Orders Audit
• Alternative Investments Funding Audit
• Status of Audit Recommendations
4
Consideration of Internal Audit Administrative Items – (Action)
• Internal Audit’s Proposed Fiscal Year 2022 Audit Plan – (Action)
• Internal Audit’s Proposed Fiscal Year 2022 Audit Plan – (Action)
Joint Meeting of the ERS Board of Trustees and Investment Advisory Committee
8
Consideration of the Minutes to the May 26, 2021 Joint Meeting of the Board of Trustees and Investment Advisory Committee – (Action)
13
Consideration of the ERS Incentive Compensation Plan for Investment Professionals and Leadership Employees – (Action – Board Only)
16
* Consideration of Hedge Funds - (Action)
• Market Update and Program Overview
• Proposed Hedge Fund Annual Tactical Plan for Fiscal year 2022 – (Action)
• Market Update and Program Overview
• Proposed Hedge Fund Annual Tactical Plan for Fiscal year 2022 – (Action)
17
* Consideration of Private Equity - (Action)
• Market Update and Program Overview
• Proposed Private Equity Annual Tactical Plan for Fiscal Year 2022 – (Action)
• Market Update and Program Overview
• Proposed Private Equity Annual Tactical Plan for Fiscal Year 2022 – (Action)
18
Consideration of Reappointment of Investment Advisory Committee Member (Action – Board Only)
19
Election of Chair and Vice Chair of the ERS Investment Advisory Committee for Fiscal Year 2021 – 2023 – (Action - IAC Only)
21
Adjournment of the Joint Meeting of the Board of Trustees and Investment Advisory Committee
Meeting of the ERS Board of Trustees
24
Consideration of the Minutes to the May 26, 2021 ERS Board of Trustees Meeting - (Action)
25
Consideration of Proposed Rates for HealthSelect Medicare Advantage Preferred Provider Organization Plan for Calendar Year 2022 - (Action)
26
Consideration of Fiscal Year 2022 Operating Budget and Fiscal Year 2022 Capital and Property Management Budget – (Action)
27
Agency Update
• CPI-U adjustment for Chapter 615 Benefits for Fiscal Year 2022
• Summer Enrollment for Plan Year 2022
• Recent Agency Developments
• CPI-U adjustment for Chapter 615 Benefits for Fiscal Year 2022
• Summer Enrollment for Plan Year 2022
• Recent Agency Developments
29
Executive Session – In accordance with Section 551.074, Texas Government Code, the ERS Board of Trustees will meet in executive session to deliberate the employment, evaluation and duties of the Executive Director of the Employees Retirement System of Texas. Thereafter, the Board may consider appropriate action in open session.
30
Election of Chair and Vice Chair of the ERS Board of Trustees for Fiscal Year 2022 – (Action)