MOTION: 2026-14 MOTION TO ADJOURN
Meeting Date: March 3, 2026
MOTION: 2026-13 ACTUARIAL SERVICES RFP#25-013
Meeting Date: March 3, 2026
RESOLVED: That the State Employees' Retirement Board authorizes the Issuing Office to award the contract and proceed with contract negotiations with the selected vendor, to be publicly named at a later date after successful contract negotiation.
MOTION: 2026-12 2026 COMMITTEE WORK PLAN
Meeting Date: March 3, 2026
RESOLVED: That the State Employees' Retirement Board approve the 2026 Securities Litigation Committee Work Plan set forth in the attachment.
MOTION: 2026-11 2026 COMMITTEE WORK PLAN
Meeting Date: March 3, 2026
RESOLVED: That the State Employees' Retirement Board approve the 2026 Finance and Member and Participant Services Committee Work Plan, as set forth in the attachment.
MOTION: 2026-10 ANNUAL SALARY ADJUSTMENT FOR CHIEF INVESTMENT OFFICER
Meeting Date: March 3, 2026
RESOLVED: That the State Employees' Retirement Board accept the Board Governance and
Personnel Committee's recommendation to approve a pay increase of 3.3% to $215.20 an hour for James Nolan, Chief Investment Officer SERS, to be effective the first full pay period of March 2026.
MOTION: 2026-09 SALARY ADJUSTMENT RECOMMENDATIONS FOR THE LISTED INVESTMENT PROFESSIONALS
Meeting Date: March 3, 2026
RESOLVED: That the State Employees' Retirement Board recommend that the State Employees' Retirement Board authorize cash payments to those Investment Professionals in 2026 whose recommended salary adjustments have exceeded the pay bands, as attached in Exhibit B, to be effective the first full pay period of March 2026 and paid as soon as administratively feasible.
MOTION: 2026-08 2026 BOARD GOVERNANCE AND PERSONNEL COMMITTEE WORK PLAN
Meeting Date: March 3, 2026
RESOLVED: That the State Employees' Retirement Board approve the 2026 Board Governance and Personnel Committee Work Plan, as attached and located in BoardDocs at Agenda Item 6.A.
MOTION: 2026-07 ACCOUNT CHANGE AUTHENTICATION REPORT
Meeting Date: March 3, 2026
RESOLVED: That the State Employees' Retirement Board direct management, in cooperation with the Audit, Risk and Compliance Committee, to prioritize the recommendations contained within the Account Change Authentication Report as presented at the January 23, 2026 special committee meeting under agenda item 4.A, and provide said prioritization report to the Committee and Board no later than April 28th, 2026. The prioritization report provided to the Board shall include an implementation timetable for all prioritized recommendations
MOTION: 2026-06 2026 AUDIT, RISK AND COMPLIANCE COMMITTEE WORK PLAN
Meeting Date: March 3, 2026
RESOLVED: That the State Employees' Retirement Board accept the recommendation of the Audit, Risk and Compliance Committee to approve the 2026 Audit, Risk and Compliance Committee Work Plan, as set forth in the BoardDocs February 24, 2026, Audit, Risk and Compliance Committee Agenda Item 6A and as attached.
MOTION: 2026-05 PRIVATE EQUITY OPPORTUNITY: FRANCISCO PARTNERS FUND VIII, FRANCISCO PARTNERS AGILITY FUND IV AND FP VIII PA CO-INVEST
Meeting Date: March 3, 2026
RESOLVED: That the State Employees' Retirement Board commit up to (i) $100 million to Francisco Partners VIII, L.P., (ii) $30 million to Francisco Partners Agility IV, L.P., and (iii) $50 million to FP VIII PA Co-Invest, LP., a sidecar vehicle that will co-invest alongside Francisco Partners VIII, LP., plus investment expenses and pro rata share of partnership operating expenses, consistent with executed partnership documents, as follow-on investments within the Private Equity asset class, subject to successful completion of contract negotiations and execution and delivery of closing documents by all parties, including required Commonwealth legal approvals, within 12 months.
MOTION: 2026-04 2025 ACCOMPLISHMENTS AND 2026 GOALS/INVESTMENT COMMITTEE WORK PLAN
RESOLVED: That the State Employees' Retirement Board approve the 2026 Investment Committee Work Plan, as set forth in the attachment.
MOTION: 2026-03 APPROVAL OF CONSENT CALENDAR
Meeting Date: March 3, 2026
RESOLVED: that the board approves the Consent Calendar items for the March 3, 2026, board meeting.
MOTION: 2026-02 ADOPTION OF THE AGENDA
Meeting Date: March 3, 2026
RESOLVED: that the board adopt the agenda for the March 3, 2026, board meeting.