Board meetings, strategic plans, and buyer signals from Jesse Bertoli’s organization
Jul 7, 2026·BoardMeeting
Board
Colorado Pera Special Audit Committee Special Audit Committee Meeting Minutes
The committee convened to address the departure of the Chief Audit Executive and to establish a process for selecting a successor. Key actions included approving a PERA-facilitated recruitment strategy over an external search firm approach, finalizing the job description and candidate success profile for the position, and authorizing the Audit Committee Chairman to appoint an Interim Internal Audit Leader.
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The Board meeting encompassed reports from the Compensation & Budget, Benefits, Investment, Audit, and Governance committees. Key actions included the approval of the 2025 Annual Comprehensive Financial Report and a one-time budget amendment for the Internal Audit Department to fund an additional senior position. The Board reviewed the CEO's performance evaluation and compensation, affirmed 2026 board election results, and analyzed investment performance data provided by external consultants. Additionally, the Board received updates on the three-year strategic plan, legislation enacted during the 2026 session, the PRISM system modernization roadmap, and actuarial valuations for the division and healthcare trust funds. Staff also provided updates regarding market conditions, facility needs, and organizational structure changes.
The committee reviewed the open comments regarding the draft 2025 Annual Comprehensive Financial Report. Key discussion points included the audit review process, which generated numerous board member comments resulting in updated language or disclosures. The committee also established a research project list for the upcoming fall, which includes evaluating potential benchmark return comparisons and peer fund benchmarking.
Mar 20, 2026·BoardMeeting
Board
Colorado Pera Board Of Trustees Board Meeting Minutes
The Board received reports from the Audit, Benefits, Governance, and Investment Committees. Key actions included the approval of an internal audit strategic plan, revisions to the Board Operations Policy and Committee Charters, and the adoption of a private equity incentive award schedule. The Board finalized the slate of candidates for the upcoming 2026 School and State Division elections and selected an actuarial firm to perform the 2026 Actuarial Audit. Additionally, the meeting featured an educational presentation on unfunded actuarial accrued liabilities, a legislative update on pending PERA-related bills, a briefing on cybersecurity, and an update on human resources and staff operations.
Extracted from official board minutes, strategic plans, and video transcripts.
