The board addressed several administrative and investment matters, including the assignment of trustees to various committees. Key investment actions involved modifying the watchlist status for Man Group, First Eagle, and Legal & General. The board adopted numerous resolutions to delegate investment authorities, establish Fiscal Year 2028 contribution rates for PERS and TRS plans, and set contribution amounts for the NGNMRS. Additionally, the board approved the FY2028 working budget, the Fiscal Year 2027 Real Assets Annual Investment Plan, and authorized the hiring of investment firms for real estate mandates with $100 million contributions each.
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Alaska Retirement Management Board Strategic Review and Action Committee Strategic Review and Action Committee Meeting
The committee reviewed the draft Investment, Actuarial, and Governance Reference Guide, incorporating feedback and outlining future stakeholder engagement. Discussions were held regarding part-time employee service within defined contribution plans, specifically addressing compliance with IRS requirements and statutory definitions of service. Members addressed concerns regarding occupational disability benefits and the verification of income for loan applications. Additionally, the committee convened in an executive session to discuss distribution counseling.
Jun 10, 2026·BoardMeeting
Board
Alaska Retirement Management Board Board Of Trustees Meeting
The board meeting focused on several key agenda items, including legislative updates, reports on the retirement and benefits division, fund financial presentations, and actuarial valuation discussions. The board deliberated on asset allocation for various retirement systems, discussed actuarial earnings assumptions, and approved experience analysis. Additional business included private credit manager hires, performance measurement reports, and deliberations regarding manager selection in public equity and micro cap strategies. The board also addressed governance matters, including committee reports, contract renewals, and strategic planning for meeting logistics.
The Audit Committee meeting covered the review of the independent auditor's audit plan and an overview of the audit timeline. Key discussions included an audit section report, examination of voluntary and involuntary PERS terminations, and a status report on delinquent or late filing employers. The committee reviewed legal matters potentially impacting the fund's financial statements and regulatory compliance, and received reports on controls at service organizations and organizational charts for the Treasury and Retirement and Benefits divisions. Additionally, the committee performed a review of the committee charter and conducted a periodic self-assessment.
Extracted from official board minutes, strategic plans, and video transcripts.
