Date: 12/15/2014

Final
Public Employees' Retirement Association Witness Testimony

COMMITTEE ON JOINT FINANCE

Votes: View--> Action Taken:
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10:43 AM -- Public Employees' Retirement Association Witness Testimony

Mr. Sharf, representing the Independence Institute, provided testimony on PERA. (Mr. Sharf's testimony was postponed until after the Treasury hearing.) He distributed a handout (Attachment D), and discussed the funding of PERA and the potential risks involved in how the state retirement fund is invested and managed. He responded to questions on the rate of return of investments made by PERA and the growth in the number of individuals employed by the state and paying into the fund.

14JtFinSMARTAct1215AttachD.pdf14JtFinSMARTAct1215AttachD.pdf