STATE EMPLOYEE RETIREMENT COMMISSION
ACTUARIAL SUBCOMMITTEE

MINUTES OF THE FEBRUARY 4, 2014 TELECONFERENCE MEETING

TRUSTEES PRESENT VIA PHONE: Robert Baus, Claude Poulin, Charles Casella, Stephen Greatorex, Linda Yelmini

TRUSTEES ABSENT: Richard Cosgrove

OTHERS PRESENT: Brenda Halpin, Director - Retirement Services Division, Kishore Solanki, Assistant Division Director, Jean Reid, Accounting Specialist, John Garrett, Cavanaugh Macdonald Consulting, LLC, Edward Koebel, Cavanaugh Macdonald Consulting, LLC

The meeting began at approximately 1:10 p.m.

The Actuarial Subcommittee reviewed the draft CMERS Roll Forward Actuarial Valuation Report as of June 30, 2013, the CT Policemen and Firemen Survivors' Benefit Fund Roll Forward Actuarial Valuation Report prepared as of June 30, 2013 and the MERS Administrative Fund Budget document. There was discussion of each of the reports. The recommendation of the Subcommittee was to accept the reports with the Actuaries recommendations for presentation to the full Retirement Commission at the February 20, 2014 meeting. All voted in favor. Unanimous Decision.

The educational seminars for the users at the local level on GASB 67 and 68 will be held in April and May 2014. Details will be provided at a later date.

The meeting was adjourned at approximately 2:00 p.m.

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