SACRS 2019 Fall Conference
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.