Descriptions of Board Committees

Board Committees

Audit Committee: An oversight Committee that reviews internal and external audit reports to evaluate the effectiveness of risk management, internal control and governance.

Current PERB Members: Maggie Peterson - chair, Mike McGinley and Pepper Valdez

Legislative Committee: Reviews and monitors all legislation impacting the retirement plans. During the session, the Legislative Committee has tentatively schedule weekly meetings. The committee determines whether to support, oppose or remain neutral and makes recommendations to the full Board.

Current PERB Members: Sheena Wilson - chair with entire Board to participate

Personnel Committee: Conducts the Executive Director’s annual performance appraisal and negotiates the contract for union personnel.

Current PERB Members: Timm Twardoski - chair, Sheena Wilson and Maggie Peterson

Policy Committee: Reviews current Board policies and drafts new ones as needed.

Current PERB Members: Mike McGinley - chair, Marty Tuttle and Julie McKenna

Other Committees Of Interest

Employee Investment Advisory Council (EIAC): Composed of 13 employee representatives of the PERS or the State of Montana deferred compensation. EIAC advises the Board on the administration of the PERS-DCRP and State Deferred Compensation Plan, including the review of investment options.

Members are appointed for staggered three-year terms. The EIAC meets four times per year.

457(b) Deferred Compensation Plan Financial Hardship Committee: Determines whether requests meets the IRS criteria for charitable withdrawal of 457(b) funds.

This is a closed meeting.

State Administration & Veterans' Affairs Interim Committee (SAVA): A joint bipartisan committee of the legislature that meets between legislative sessions to monitor the activities of the Department of Administration, the Department of Military Affairs, the Office of the Secretary of State, the Office of the Commissioner of Political Practices, and attached entities. It examines policy issues that include public employee retirement systems and makes recommendations to the full legislature on topics within the Committee's purview. Link to SAVA.

Board and Committees meeting agendas and minutes