STATE EMPLOYEE RETIREMENT COMMISSION
ACTUARIAL SUBCOMMITTEE

MINUTES OF THE JULY 15, 2015 MEETING

Trustees Participating
Robert Baus
Charles Casella
Richard Cosgrove (via telephone)
Stephen Greatorex (via telephone)
Claude Poulin

Other Participants
Brenda Halpin, Director, Retirement Services Division
John Garrett, Cavanaugh Macdonald, Consulting LLC (via telephone)
Ed Koebel, Cavanaugh Macdonald, Consulting LLC (via telephone)

The meeting began at approximately 2:15 p.m.

Discussion was held with regard to the draft SERS GASB 68 report as of June 30, 2014. The report was reviewed and several changes were discussed. A final copy will be provided to the Retirement Commission for consideration at the August meeting.

It was noted that letters have been sent to the three towns for the MERS GASB 68 report being completed by Cohn Reznick. The responses are due by the end of July and a follow up meeting will be scheduled.

The last agenda regarding actuarial option factors related to age discrimination was discussed. A follow up letter from the member was received. This matter will be referred to the Legal and Personnel Subcommittee for review and action.

The meeting was adjourned at approximately 3:30 p.m.

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