General Information

Government Type

Independent or Quasi-Government

Entity

Utah State Retirement Office

Public Body

Utah State Retirement Board

Notice Information

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Notice Title

Administrative Board Meeting Minutes

Notice Type(s)

Meeting

Event Start Date & Time

February 19, 2026 01:00 PM

Description/Agenda

MINUTES OF THE UTAH STATE RETIREMENT BOARD ADMINISTRATIVE BOARD MEETING February 19, 2026, 1:00 p.m. 540 Board Room, Retirement Office 540 East 200 South, Salt Lake City, Utah Hybrid Meeting Board Members Attending In-Person: Mr. Richard Ellis, Board Member Mr. Larry Evans, Board Member Board Members Attending Virtually: Ms. Christie Behunin, Board Vice President Ms. Aaryn Birchell, Board Member Ms. Laura Warnock, Board Member Mr. Karl Wilson, Board Member Excused: Mr. Marlo Oaks, Board President Staff Attending In-Person: Mr. Dan Andersen, Executive Director Mr. Steve Berg, Director - Information Technology Mr. Daniel Boster, Savings Plans Director Mr. Kevin Catlett, Chief Investment Counsel Mr. Kory Cox, Director of Legislative & Government Affairs Mr. Chet Loftis, PEHP Director Ms. Stacie Petersen, Executive Assistant Mr. Kendall Rima, Managing Director - Retirement Mr. Darron Schryver, Chief Information Security Officer Staff Attending Virtually: Mr. Dave Bjarnason, Chief Compliance Officer - Investments Mr. Jason Morrow, Deputy Chief Investment Officer Call to Order Vice President Christie Behunin called the meeting to order at 1:09 p.m. and welcomed Board members and staff. Approval of Minutes ACTION: Mr. Richard Ellis moved, seconded by Mr. Larry Evans, to approve the minutes of the January 15, 2026, Administrative Board Meeting. The motion passed unanimously, 6-0. ACTION: Ms. Aaryn Birchell moved, seconded by Mr. Richard Ellis, to approve the minutes of the January 15, 2026, Investment Board Meeting. The motion passed unanimously, 6-0. Legislative Update Mr. Kory Cox gave an update on the 2026 legislative session, which began on January 20, 2026. A list of the 2026 General Session URS Retirement Bills was reviewed and discussed (provided in Board Meeting materials). Defined Savings Plans Proposed Plan Document Amendments Mr. Daniel Boster presented the Defined Savings Plans proposed document amendments for the 401(k) and 457(b), specifically the addition of the use of auto escalation with the AUREUS go live date. ACTION: Mr. Richard Ellis moved, seconded by Ms. Laura Warnock, to approve the Defined Savings Plans document amendments as presented. The motion passed unanimously, 6-0. PEHP Report Mr. Chet Loftis gave a report on PEHP, including the following items: - Legislative Update - PEHP Specific - Legislative Update - General - Operations - Organization - Keys to Competitive Edge - USHE Response for Information - Other Opportunities At 2:23 p.m., Mr. Larry Evans moved, seconded by Ms. Laura Warnock, to move into closed session to discuss confidential cybersecurity information. The motion passed unanimously, 6-0. At 2:40 p.m., Mr. Richard Ellis moved, seconded by Mr. Larry Evans, to move back into Open Session. The motion passed unanimously, 6-0. Adjournment Ms. Aaryn Birchell moved, seconded by Mr. Richard Ellis, to adjourn the meeting. The motion passed unanimously, 6-0. The meeting adjourned at 2:41 p.m. ________________________________________ Marlo M. Oaks, President ________________________________________ Daniel D. Andersen, Executive Director

Notice of Special Accommodations (ADA)

In compliance with the Americans with Disabilities Act, persons needing auxiliary communicative aids and services for this meetings should call Stacie Petersen at 801-366-7302 or use Relay Utah (toll-free in-state 7-1-1 or Spanish-language 888-346-3162), giving her at least 48 hours notice or the best notice practicable.

Notice of Electronic or Telephone Participation

NA

Other Information

As a part of security procedures, attendees should be prepared to present a photo ID at the lobby registration desk during a check-in process. Seating will be limited to the room capacity and seats will be on a first come, first served basis.

Meeting Information

Meeting Location

540 E 200 S
Salt Lake City, UT 84102
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Contact Name

Stacie Petersen

Contact Email

stacie.petersen@urs.org

Notice Posting Details

Notice Posted On

March 20, 2026 09:07 AM

Notice Last Edited On

March 20, 2026 09:07 AM

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