Board meetings, strategic plans, and buyer signals from James A. Bennett’s organization
Sep 10, 2026·BoardMeeting
Board
Maine Public Employees Retirement System Board Of Trustees Board Meeting Minutes
The Board reviewed and approved several private market investment commitments, including funds related to health capital, senior direct lending, and infrastructure. They approved amendments to investment policy statements and reviewed reports on market updates and proxy voting. Additionally, the Board heard reports on the preliminary fund value and performance, the MaineSTART quarterly review, an enterprise risk management report, and operational updates from the IT and Legal departments. Public hearings were held regarding proposed rule amendments, and the Board received an actuarial audit report and reviewed the CEO evaluation process.
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Maine Public Employees Retirement System Board Meeting Minutes
The Board of Trustees reviewed the quarterly investment portfolio, asset class performance, and monthly investment updates. Key discussions included an investment classification overview regarding fossil fuel and prison company exposure, an actuarial experience study report, and the setting of group life insurance premiums. The Board approved cost-of-living adjustments for various retirement plans, adopted amendments to disability retirement rules, and approved restated 403(b) plan documents. Additionally, the Board received reports on the new Pension Administration System project, administrative updates, litigation status, and an educational presentation on board governance and fiduciary responsibilities.
Jul 9, 2026·BoardMeeting
Board
Maine Public Employees Retirement System Minutes
The Board of Trustees reviewed several investment matters, including approvals for commitments to Brookfield Super-Core Infrastructure Partners, GTCR Fund XV, and WhiteHawk V Onshore Fund, as well as the redemption of the King Street Capital strategy. The meeting included an investment report on fund performance and a review of capital market assumptions. The Board adopted several rules, including replacement Rule Chapter 410, amended Rule Chapter 602, and new Rule Chapter 703, and conducted a public hearing on proposed amendments to disability retirement rules. Additionally, the Board approved pension rates for state-sponsored plans for fiscal years 2028 and 2029, received updates on litigation, administrative projects, and succession planning, and heard a presentation on the communications unit.
Jun 11, 2026·BoardMeeting
Board
Maine Public Employees Retirement System Board Of Trustees Board Meeting Minutes
The Board meeting included several key reports and actions. The Investment Committee provided updates on fund performance, rebalancing activities, and a peer risk study. The Board expanded its engagement with Albourne for investment consulting services in the Risk Diversifiers asset class and voted to maintain current economic actuarial assumptions. Additionally, the Board adopted an amended funding policy and authorized changes to check-signing authorities. Public hearings were held regarding proposed rule changes for retirees returning to work, contract award procedures, and advisory rulings. Leadership provided a CEO report covering strategic plan updates, the Pension Administration System (PAS) project, and staffing changes including the introduction of a new CFO.
Extracted from official board minutes, strategic plans, and video transcripts.
