Board Resolutions

PSERB Resolution 2026-03
Re: Defined Contribution Committee 2026 Work Plan
January 9, 2026

RESOLVED, that the Public School Employees' Retirement Board accepts the recommendation of the Defined Contribution Committee and approves the attached Defined Contribution Committee Work Plan for 2026 to guide the Committee Chair in the development of agendas and authorizes the Committee Chair to revise the Work Plan, as needed.

PSERB Resolution 2026-04
Re: Finance and Actuarial Committee 2026 Work Plan
January 9, 2026

RESOLVED, that the Public School Employees' Retirement Board accepts the recommendation of the Finance and Actuarial Committee and approves the attached Finance and Actuarial Committee Work Plan for 2026 to guide the Committee Chair in the development of agendas and authorizes the Committee Chair to revise the Work Plan, as needed. 

PSERB Resolution 2026-05
Re: Governance and Administration Committee 2026 Work Plan
January 9, 2026

RESOLVED, that the Public School Employees' Retirement Board accepts the recommendation of the Governance and Administration Committee and approves the attached Governance and Administration Committee Work Plan for 2026 to guide the Committee Chair in the development of agendas and authorizes the Committee Chair to revise the Work Plan, as needed. 

PSERB Resolution 2026-06
Re: 2026 Board Education Plan
January 9, 2026

RESOLVED, that the Public School Employees' Retirement Board ("the Board) accepts the recommendation of the Governance and Administration Committee and adopts the 2026 Board Education Plan and authorizes the Executive Director, in consultation with the Board Chairperson, to alter the schedule or topicor provide for additional presentations as a result of changing priorities.

PSERB Resolution 2026-07
Re: Election Management and Administrative Service
January 9, 2026

RESOLVED, that the Public School Employees’ Retirement Board (the “Board”) adopts the recommendation of the Governance and Administration Committee and engages Election-America, Inc. d/b/a YESElections for negotiations following RFP# 2025-8, Election Management and Administrative Services.

The final terms and conditions of the contract are subject to legal due diligence and must be satisfactory to the Deputy Executive Director for Administration, theOffice of Chief Counsel, and the Office of Executive Director, as evidenced eitherby the appropriate signatures on, or by a memo to that effect appended to, theimplementing contract.

PSERB Resolution 2026-08
Re: Health Care Committee 2026 Work Plan
January 9, 2026

RESOLVED, that the Public School Employees' Retirement Board accepts the recommendation of the Health Care Committee and approves the attached Health Care Committee Work Plan for 2026 to guide the Committee Chair in the development of agendas and authorizes the Committee Chair to revise the Work Plan, as needed. 

PSERB Resolution 2026-09
Re: Investment Committee 2026 Work Plan
January 9, 2026

RESOLVED, that the Public School Employees' Retirement Board accepts the recommendation of the Investment Committee and approves the attached Investment Committee Work Plan for 2026 to guide the Committee Chair in the development of agendas and authorizes the Committee Chair to revise the Work Plan, as needed. 

PSERB Resolution 2026-10
Re: 2025 Stress Test Report
March 19, 2026 

RESOLVED, that the Public School Employees’ Retirement Board accepts the recommendation of the Finance and Actuarial Committee and adopts the 2025 Stress Test Report.

PSERB Resolution 2026-11
Re: RFP 2025-04 Actuarial Services
March 19, 2026 

RESOLVED, that the Public School Employees’ Retirement Board adopts the recommendation of the Finance and Actuarial Committee and engages Gallagher Benefit Services, Inc. for negotiations following RFP #2025-4, Actuarial Services.

The final terms and conditions of the contract are subject to legal due diligence and must be satisfactory to the Chief Financial Officer, the Office of Chief Counsel, and the Office of Executive Director, as evidenced either by the appropriate signatures on, or by a memo to that effect appended to, the implementing contract.

PSERB Resolution 2026-12
Re: Cybersecurity Insurance Policy 2026
March 19, 2026

RESOLVED, that the Public School Employees’ Retirement Board (the “Board”) hereby approves the 2026 cyber insurance policy through Arthur J. Gallagher Risk Management Services (Gallagher), with an aggregate insurance limit and retention within ranges as outlined in the Gallagher insurance proposal.

The final terms and conditions of the insurance policy must be satisfactory to the Office of Chief Counsel, the Deputy Executive Director for Administration, and the Office of Executive Director.

PSERB Resolution 2026-13
Re: Apfel G., Docket No. 2022-12
March 19, 2026

RESOLVED, that, in the matter of Gail I. Apfel, Docket No. 2022-12 the Public School Employees’ Retirement Board accepts the recommendation of the Benefits and Appeals Committee and adopts the proposed Opinion and Order of the Board and grants Claimant’s appeal.

PSERB Resolution 2026-14
Re: Snook G., Docket No. 2024-06
March 19, 2026

RESOLVED, that, in the matter of Gregory W. Snook, Docket No. 2024-06 the Public School Employees’ Retirement Board accepts the recommendation of the Benefits and Appeals Committee and adopts the proposed Opinion and Order of the Board and dismisses Claimant’s appeal with prejudice.

PSERB Resolution 2026-15
RFP 2025-1 Third-Party Administrative Services for HOP and Premium Assistance
March 19, 2026 

RESOLVED, that the Public School Employees’ Retirement Board (the “Board”) adopts the recommendation of the Health Care Committee and engages Luminare Health for negotiations in accordance with the recommendation of the  Evaluation Committee for RFP #2025-1 Third-Party Administrator for the Health Options Program and Premium Assistance. The final terms and conditions of the contract are subject to legal due diligence and must be satisfactory to the Health Insurance Office, the Office of Chief Counsel, and the Office of Executive Director, as evidenced either by the appropriate signatures on, or by a memo to that effect appended to, the implementing contract.

PSERS Resolution 2026-16
Re: DRA Growth and Income Fund XII, LLC
March 19, 2026 

RESOLVED, that the Public School Employee’ Retirement Board (the “Board”) accepts the recommendation of the Investment Committee and commits an amount not to exceed $150 million, plus reasonable and normal investment expenses, in DRA Growth and Income Fund XII, LLC and/or related investment vehicles in accordance with the recommendation of Jarrett Richards, Portfolio Manager, and Aksia, LLC.

The final terms and conditions of the investment are subject to legal due diligence and must be satisfactory to the Investment Office, the Office of Chief Counsel, and the Office of Executive Director, as evidenced either by the appropriate signatures on, or by a memo to that effect appended to, the implementing investment contract. 

PSERB Resolution 2026-17
Re: LS Power Equity Partners VI, L.P.
March 19, 2026 

RESOLVED, that the Public School Employees’ Retirement Board (the “Board”) accepts the recommendation of the Investment Committee and commits an amount not to exceed $200 million, plus reasonable and normal investment expenses, in LS Power Equity Partners VI, L.P., and/or related investment vehicles in accordance with the recommendation of Cody Steele, Senior Portfolio Manager and Aksia, LLC.

The final terms and conditions of the investment are subject to legal due diligence and must be satisfactory to the Investment Office, the Office of Chief Counsel, and the Office of Executive Director, as evidenced either by the appropriate signatures on, or by a memo to that effect appended to, the implementing investment contract.

PSERB Resolution 2026-18
Re: Warwick Partners V LP
March 19, 2026 

RESOLVED, that the Public School Employees’ Retirement Board (the “Board”) accepts the recommendation of the Investment Committee and commits an amount not to exceed $75 million, plus reasonable and normal investment expenses, in Warwick Partner V LP, and/or related investment vehicles in accordance with the recommendation of Cody Steele, Senior Portfolio Manager and Aksia, LLC.

The final terms and conditions of the investment are subject to legal due diligence and must be satisfactory to the Investment Office, the Office of Chief Counsel, and the Office of Executive Director, as evidenced either by the appropriate signatures on, or by a memo to that effect appended to, the implementing investment contract.

PSERB Resolution 2026-19
Re: LLR Partners, Relationship Level Delegation
March 19, 2026 

RESOLVED, that the Public School Employees’ Retirement Board (the “Board”) adopts the recommendation of the Investment Committee and delegates the authority to the Chief Investment Officer in his discretion to commit new or additional sums to private markets investment vehicles managed by LLR Partners (“LLR”) and/or their affiliates, subject to each of the following constraints:

a. Any new or additional commitments must be compliant with the External Manager exposure risk limits outlined in the Private Markets Asset Class Policy.

b. For any new or additional commitments, PSERS total Private Markets Exposure (“NAV and unfunded”) to LLR shall not represent more than 10% of PSERS Total Private Markets target allocation.

c. Each individual new or additional commitment to LLR shall not exceed 1.5% of PSERS Total Private Markets target allocation.

Utilization of this delegated authority is subject to the notification and periodic reporting as prescribed within the External Manager Due Diligence and Monitoring Policy and this delegation prospectively supersedes and nullifies any prior grants of discretion by way of board resolutions related to LLR.

The final terms and conditions of new or additional commitments authorized under this delegation are subject to legal due diligence and must be satisfactory to the Investment Office, the Office of Chief Counsel, and the Office of Executive Director, as evidenced either by the appropriate signatures on, or by a memo to that effect appended to, the implementing investment contracts.

PSERB Resolution 2026-20
Re: Directly Held Real Estate
March 19, 2026 

RESOLVED, that the Public School Employees’ Retirement Board (the “Board”) accepts the recommendation of the Investment Committee and delegates to the Chief Investment Officer authority to arrange for and complete the dispositions of the remaining directly held real estate investments. 

The final terms and conditions of the dispositions are subject to legal due diligence and must be satisfactory to the Investment Office, the Office of Chief Counsel, and the Office of Executive Director, as evidenced either by the appropriate signatures on, or by a memo to that effect appended to, the implementing investment contract.