SACRS 2019 Fall Conference

State Association of County Retirement Systems 2019 Fall Conference
Monterey, CA

Ashley Dunning and Jim Vorhis presented at the State Association of County Retirement Systems (SACRS) 2019 Fall Conference in Monterey on November 14, 2019.

From 1:30 p.m. to 2:30 p.m., Jim and Ashley presented “Pursuing What You’re Due: One Retirement System’s Experience Suing Its Carrier.” They discussed what a system’s fiduciary insurance policy actually covers and if the system’s carrier denies coverage in a lawsuit that names the board, retirement system or an individual. This session contained stories from the trenches of insurance coverage litigation, including the latest in a federal action against one CERL system’s former carrier, as well as some details of the underlying litigation that the CERL system recently won in trial court.

From 3:00 p.m. to 4:00 p.m., Ashley presented “CalPERS & SACRS; Reciprocity, Do I Get It? Part 1 of 2: Legal, CalPERS Guest Panels at SACRS.” It was a unique opportunity to discuss the reciprocal relationship between 37 Act systems and CalPERS with a focus on legal issues and exploring solutions. A panel of CalPERS and 37 Act systems representatives compared the reciprocity requirements of each system, seeking to understand and coordinate benefits available to our members.

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