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Trimmed private-equity target amid compressed returns and liquidity pressure (reported among several systems).
At the March 19, 2026 Retirement Board meeting, the board (motion Wallace) unanimously authorized staff to begin contract negotiations with MGO to perform the financial audit of PERS, the Legislators' Retirement System, and the Judicial Retirement System for the fiscal years ending 2026-2029, total fee not to exceed $921,820, with annual review/reappointment or RFP at the board's option. Financial-statement auditor (governance), not an investment consultant.
At the March 19, 2026 Retirement Board meeting, the board (motion Wallace) unanimously voted to retroactively approve a Contract Addendum with Pathway Capital Management, Nevada PERS' private equity program advisor. No dollar amount stated. Invesco Real Estate also presented a real estate portfolio review (no action taken).