COMMONWEALTH OF PENNSYLVANIA HOUSE OF REPRESENTATIVES JOINT PUBLIC HEARING STATE GOVERNMENT COMMITTEE/EDUCATION COMMITTEE STATE CAPITOL MAJORITY CAUCUS ROOM ROOM 140 HARRISBURG, PENNSYLVANIA THURSDAY, MARCH 26, 2009 9:08 A.M. PRESENTATION ON PENNSYLVANIA PUBLIC PENSION FUND ISSUES BEFORE: HONORABLE BABETTE JOSEPHS, MAJORITY CHAIRMAN, STATE GOVERNMENT COMMITTEE HONORABLE JAMES R. ROEBUCK, JR. MAJORITY CHAIRMAN, EDUCATION COMMITTEE HONORABLE H. SCOTT CONKLIN HONORABLE LAWRENCE H. CURRY HONORABLE FLORINDO J. FABRIZIO HONORABLE JARET GIBBONS HONORABLE RICHARD T. GRUCELA HONORABLE PATRICK J. HARKINS HONORABLE BARBARA McILVAINE SMITH HONORABLE MICHAEL H. O'BRIEN HONORABLE RICK TAYLOR HONORABLE ROSITA C. YOUNGBLOOD HONORABLE JOHN T. YUDICHAK * * * * * DEBRA B. MILLER REPORTING (717)439-3785
[email protected] 2 1 BEFORE (cont.'d): HONORABLE KERRY A. BENNINGHOFF, 2 MINORITY CHAIRMAN, STATE GOVERNMENT COMMITTEE HONORABLE PAUL I. CLYMER 3 MINORITY CHAIRMAN, EDUCATION COMMITTEE HONORABLE JIM COX 4 HONORABLE TOM C. CREIGHTON HONORABLE SHERYL M. DELOZIER 5 HONORABLE MATT GABLER HONORABLE GLEN R. GRELL 6 HONORABLE DUANE MILNE HONORABLE BERNIE O'NEILL 7 HONORABLE KATHY L. RAPP HONORABLE BRAD ROAE 8 HONORABLE WILL TALLMAN 9 10 ALSO PRESENT: RODNEY L. OLIVER 11 MAJORITY EXECUTIVE DIRECTOR, STATE GOVERNMENT COMMITTEE 12 CHRISTOPHER S. WAKELEY MAJORITY EXECUTIVE DIRECTOR, 13 EDUCATION COMMITTEE JENNIFER A. BELZ 14 MAJORITY LEGISLATIVE ASSISTANT, STATE GOVERNMENT COMMITTEE 15 BRIAN J. DELL MAJORITY RESEARCH ANALYST, 16 STATE GOVERNMENT COMMITTEE JOSEPH M. HURLBURT 17 MAJORITY RESEARCH ANALYST, STATE GOVERNMENT COMMITTEE 18 TRACEY ANN McLAUGHLIN MAJORITY RESEARCH ANALYST, 19 EDUCATION COMMITTEE SONIA I. TERECH 20 MAJORITY LEGISLATIVE ASSISTANT, EDUCATION COMMITTEE 21 22 23 24 25 3 1 ALSO PRESENT (cont.'d): SUSAN S.