BEGIN:VCALENDAR PRODID:-//Hawaii Public Meetings and Events Calendar//111285364//EN VERSION:2.0 CALSCALE:GREGORIAN BEGIN:VEVENT DTSTAMP:20261026T150717Z DTSTART:20260708T143000 DTEND:20260709T000000 SUMMARY:Administrative and Audit Committee of the Board of Trustees of th e Employees' Retirement System of the State of Hawaii UID:20261026T150748Z-uidGen@fe80:0:0:0:410:d2ff:fefd:e5dd%ens5 TZID:HST LOCATION:City Financial Tower\, 201 Merchant Street\, Suite 1200\, Honolu lu\, Hawaii 96813 DESCRIPTION:

NOT ICE OF REGULAR MEETING

\;AGENCY: \; \; \; \; &nb sp\;Administrative and Audit Comm ittee of the Board of Trustees of the
\; \; \; \; \; & nbsp\; \; \; \; \; \; \; Employees&rsquo\; Retirement System of the State of Hawaii \;

DATE:&nbs p\; \; \; \; \; \; \; \;Wednes day\, July 8\, 2026\; 2:30 p.m.

PLACE: \; \; \; \; \; \; &nb sp\;City Financial Tower\, 201 Merchant Street\, Suite 1200\, Hon olulu\, Hawaii \; 96813

\; \; \; \; \; \; \; \; \; \; \; \; \; \; \; \; \;&n bsp\; \; \; \; \; \; < /a>The meeting will be conducted pursuant to HRS §\;92-3.7\, under w hich Members of the Administrative and Audit Committee of the Board of T rustees and members of the public may participate via interactive confer ence technology or in person at the meeting place stated above.\n

\; \; \; \; \; \; \; \; \; \; \; \; \; \; \; \; \; \; \; \; \; \; \; Members of the public may pro vide testimony in person or by teleconference\, either audio or video\, at the following link or phone number:
https://teams.microsoft.com/meet/21773289561652?p=Ds6 uLN2I0HZib36zRf

\; \; \; \; \; \; \; \; \; \; \; \; \; \;&n bsp\; \; \; \; \; \; \; \; \; Or join by entering meeting ID: \; 217 732 895 616 52 \; \;&n bsp\; \; \; \; \; \; \; \; \; \;&nbs p\; \; \; \; \; Passcode: \; zq9qT2NL

\; \; \; \; \;&nbs p\; \; \; \; \; \; \; \; \; \; \ ; \; \; \; \; \; \; \; Individuals testifying at the meeting are requested to lim it their testimony to three (3) minutes or an amount of time otherwise d esignated by the Chairperson.

\; \;&n bsp\; \; \; \; \; \; \; \; \; \;&nbs p\; \; \; \; \; \; \; \; \; \; \ ; Or +1 808-829-48 53 United States\, Honolulu (Toll)
Conference ID: \; 184 680 841#\n

\; \; \; \; \; \; \; \; \; \; \; \; \; \; \; \; \; \; \; \; \; \; \; In the event audiovisual comm unication cannot be maintained with participating Trustees and quorum is lost\, the meeting shall be automatically recessed for up to 30 minutes \, during which time\, an attempt to restore audiovisual communication w ill be made. \; If such att empt is unsuccessful\, all Trustees\, members of the public\, staff and other interested individuals may continue to participate in the meeting via telephone using the above-listed telephone and conference ID numbers \, whereby audio-only communication will be established for all particip ants and the meeting will continue.&nb sp\; If reconvening the meeting is not possible because neither a udiovisual nor audio-only communication can be re-established\, the meet ing will be terminated.

AGENDA

QUORUM/CALL TO ORDER

PUBLIC COMMENT

Members of the public may submit written testimony on these agenda items via e-mail or postal mail with receipt recommended by 4:30 p.m. on Tues day\, July 7\, 2026\, in order to ensure it is distributed in time for c onsideration. \; Please add ress written testimony if by e-mail to: \; dale.kanae@hawaii.gov or by postal mail to: \; Employees&rsquo\; Retiremen t System of the State of Hawaii\, Board of Trustees\, 201 Merchant Stree t\, Suite 1400\, Honolulu\, HI \; 96813.

NEW BUSINESS

1. \; \;& nbsp\; \; \; \; Update on Trustee Election and Announce New Boa rd Member.

2. \; \;&nb sp\; \; \; \; Preliminary Annual Actuarial Valuation Report by Gabriel Roeder Smith &\; Company for the Year Ending
June 30\, 2026.

3. \; \;& nbsp\; \; \; \; Internal Audit Update Report by KMH LLP on the Current Status of Activities Completed During Q1 and Q2 2026\, and an Up date on the Completion Status of Management Action Plans for Past Non-In formation Technology Internal Audit Observations and Recommendations.

4. \; \; \; \; \;&nbs p\; Compliance Support Staff Report and Update on Implementation of ERS&rsq uo\; Compliance Program on Risk Assessment\, Policies &\; Procedures\ , and Third-Party Risk Management. \;

Pursuant to HRS &se ct\;92-5(a)(4)\, and (8)\, the Committee may enter into Executive Sessio n to consider information that must be kept confidential pursuant to a s tate or federal law\; and to consult with the Board&rsquo\;s attorneys o n questions and issues pertaining to the Board&rsquo\;s powers\, duties\ , privileges\, immunities\, and liabilities with respect to these matter s.

APPROVAL OF MINUTES &ndash\; February 11\, 2026

~~APPROVAL OF EXECUTIVE SESSION MINUTES~~ &ndash\; February 11\, 2026

Pursuant to HRS §\; 92-5(a)(4)\, (6) and (8)\, the Comm ittee may enter into executive session if such approval requires the con sideration of sensitive matters relating to public safety or security\; the consideration of information that must be kept confidential pursuant to State law\; the consideration of the hire\, evaluation\, dismissal\, or discipline of an officer or employee or of charges brought against t he officer or employee\, where consideration of matters affecting privac y will be involved\; and/or to consult with the Board&rsquo\;s attorneys on questions and issues pertaining to the Board&rsquo\;s powers\, dutie s\, privileges\, immunities\, and liabilities with respect to these matt ers.

EXECUTIVE SE SSION

1. \; \; \; \; \; \; Executive Session\, pursuant to HRS §\;92-5(a)(4) and (6)\, to consider and consult with the Board&rsquo\;s atto rneys on questions and issues pertaining to the Board&rsquo\;s powers\, duties\, privileges\, immunities\, and liabilities\, and to consider sen sitive matters related to Cyber Security that involves Information Secur ity\, Technology Risk Management\, and the protection of Employees&rsquo \; Retirement System Information Assets.

2. \; \; \; \; \; \; Ex ecutive Session\, pursuant to HRS §\;92-5(a)(4) and (6)\, to conside r and consult with the Internal Auditors and the Board&rsquo\;s attorney s on questions and issues pertaining to the Board&rsquo\;s powers\, duti es\, privileges\, immunities\, and liabilities\, and to consider sensiti ve matters related to the Internal Audit Resource Reallocation.

3. \; \; \; \; \; \; Executive Session\, pursuant to HRS §\;92-5(a)(4) and (6)\, to consider and consult with the Board&rsquo\;s attorneys on questions and issues pertaining to the Board&rsquo\;s powers\, duties\, privileges\, i mmunities\, and liabilities\, and to consider sensitive matters related to the Risk Dashboard that involves Cyber Security\, Information Securit y\, Technology Risk Management\, Security Vulnerabilities\, and related Mitigation Activities.

ADJOURNMENT \;

If you require auxiliary aid/service or other accommodation due to a di sability\, please contact
Dale Kehau Kanae at (808) 586-1706 or dale.kanae@hawaii.gov as soon as possible\, preferably by Thursday\, July 2\, 2026\, and the ERS will try to obtain the auxiliary aid/service or accommodation\, but cannot guarantee that the request will be fulfilled.

Upon request\, this notice can be made available in large print.

X-ALT-DESC;FMTTYPE=text/html:

NOTICE OF REGULAR MEETING

\;AGENCY: \; \; &n bsp\; \; \;Administrati ve and Audit Committee of the Board of Trustees of the
\; \; \; \; \; \; \; \; \; \; \; \; Employees&rsquo\; Retirement System of the State of Hawaii \;

DATE: \; \; \; \; \; \; \; &nb sp\;Wednesday\, July 8\, 2026\; 2:30 p.m.

P LACE: \; \; \; \; &n bsp\; \; \;City Financial Tower\, 201 Merchant Street\, Suite 1200\, Honolulu\, Hawaii \; 96813

\; \; \; \;&nbs p\; \; \; \; \; \; \; \; \; \; \ ; \; \; \; \; \; \; \; \; The meeting will be conducted pursuant to HRS §\ ;92-3.7\, under which Members of the Administrative and Audit Committee of the Board of Trustees and members of the public may participate via i nteractive conference technology or in person at the meeting place state d above.

\; \; \; \; \;&n bsp\; \; \; \; \; \; \; \; \; \;&nbs p\; \; \; \; \; \; \; \; Members of t he public may provide testimony in person or by teleconference\, either audio or video\, at the following link or phone number:
https://teams.microsoft.com/meet/217 73289561652?p=Ds6uLN2I0HZib36zRf

\;&nbs p\; \; \; \; \; \; \; \; \; \; \ ; \; \; \; \; \; \; \; \; \; \;& nbsp\; Or join by enteri ng meeting ID: \; 217 732 895 616 52 \; \; \; \; \; \; \; \; \; \;& nbsp\; \; \; \; \; \; \; Passcode: \; zq9qT2NL

\; \; \;& nbsp\; \; \; \; \; \; \; \; \; \;&nb sp\; \; \; \; \; \; \; \; \; \; Individuals testifying at the meeting are requested to limit their testimony to three (3) minutes or an amount of time otherwise designated by the Chairperson.

\; \; \; \; \; \; \; \; \; \;& nbsp\; \; \; \; \; \; \; \; \; \;&nb sp\; \; \; Or +1 808-829-4853 United States\, Honolulu (Toll)
Conference ID: \; 184 680 841#

\; \; \; \; \;&n bsp\; \; \; \; \; \; \; \; \; \;&nbs p\; \; \; \; \; \; \; \; In the event audiovisual communication cannot be maintained with participating Trust ees and quorum is lost\, the meeting shall be automatically recessed for up to 30 minutes\, during which time\, an attempt to restore audiovisua l communication will be made. \; If such attempt is unsuccessful\, all Trustees\, members of the pu blic\, staff and other interested individuals may continue to participat e in the meeting via telephone using the above-listed telephone and conf erence ID numbers\, whereby audio-only communication will be established for all participants and the meeting will continue. \; If reconvening the meeting is not possible because neither audiovisual nor audio-only communication can be re-estab lished\, the meeting will be terminated.

AGENDA

QUORUM/CALL TO ORD ER

~~PUBLIC COMMENT~~

\n
Members of the public may submit written testimony on t hese agenda items via e-mail or postal mail with receipt recommended by 4:30 p.m. on Tuesday\, July 7\, 2026\, in order to ensure it is distribu ted in time for consideration. \; Please address written testimony if by e-mail to: \; dale.kanae@hawaii.gov or by po stal mail to: \; Employees& rsquo\; Retirement System of the State of Hawaii\, Board of Trustees\, 2 01 Merchant Street\, Suite 1400\, Honolulu\, HI \; 96813.
\n
NEW BUSINESS
\n
Update on Trustee Election and Announce New Board Member.
\n
2. \; \; \; \; \; \; Preliminary Annual Actuarial Val uation Report by Gabriel Roeder Smith &\; Company for the Year Ending
June 30\, 2026.
\n
Internal Audit Update Report b y KMH LLP on the Current Status of Activities Completed During Q1 and Q2 2026\, and an Update on the Completion Status of Management Action Plan s for Past Non-Information Technology Internal Audit Observations and Re commendations.
\n
4. \; \; \;& nbsp\; \; \; Compliance Support Staff Report and Update on Implemen tation of ERS&rsquo\; Compliance Program on Risk Assessment\, Policies & amp\; Procedures\, and Third-Party Risk Management. \;
\n
Pu rsuant to HRS §\;92-5(a)(4)\, and (8)\, the Committee may enter into Executive Session to consider information that must be kept confidentia l pursuant to a state or federal law\; and to consult with the Board&rsq uo\;s attorneys on questions and issues pertaining to the Board&rsquo\;s powers\, duties\, privileges\, immunities\, and liabilities with respec t to these matters.
\n
APPROVAL OF MINUTES &ndash \; February 11\, 2026
\n
APPROVAL OF EXECUTIVE S ESSION MINUTES &ndash\; February 11\, 2026
\nPursuant to HRS §\; 92-5(a)(4)\, (6) a nd (8)\, the Committee may enter into executive session if such approval requires the consideration of sensitive matters relating to public safe ty or security\; the consideration of information that must be kept conf idential pursuant to State law\; the consideration of the hire\, evaluat ion\, dismissal\, or discipline of an officer or employee or of charges brought against the officer or employee\, where consideration of matters affecting privacy will be involved\; and/or to consult with the Board&r squo\;s attorneys on questions and issues pertaining to the Board&rsquo\ ;s powers\, duties\, privileges\, immunities\, and liabilities with resp ect to these matters.
\n
EXECUTIVE SESSION
\n
1. \; \; \;&n bsp\; \; \; Executive Session\, pursuant to HRS §\;92-5(a)(4) a nd (6)\, to consider and consult with the Bo ard&rsquo\;s attorneys on questions and issues pertaining to the Board&r squo\;s powers\, duties\, privileges\, immunities\, and liabilities\, an d to consider sensitive matters related to Cyber Security that involves Information Security\, Technology Risk Management\, and the protection o f Employees&rsquo\; Retirement System Information Assets.
\n
2 . \; \; \;&nbs p\; \; \; Executive Session\, pursuant to HRS §\;92-5(a)(4) and (6)\, to consider and consult with the Internal Auditors and the Board& rsquo\;s attorneys on questions and issues pertaining to the Board&rsquo \;s powers\, duties\, privileges\, immunities\, and liabilities\, and to consider sensitive matters related to the Internal Audit Resource Reall ocation.
\n
3. \; \;&nbs p\; \; \; \; Executive Session\, pursuant to HRS §\;92-5(a) (4) and (6)\, to consider and consult with the Board&rsquo\;s attorneys on questions and issues pertaining to the Board&rsquo\;s powers\, duties \, privileges\, immunities\, and liabilities\, and to consider sensitive matters related to the Risk Dashboard that involves Cyber Security\, In formation Security\, Technology Risk Management\, Security Vulnerabiliti es\, and related Mitigation Activities.
\n
ADJOUR NMENT \;
\n

If you require auxiliary aid/service or other accommod ation due to a disability\, please contact
Dale Kehau Kanae at (80 8) 586-1706 or dale.kanae@hawaii.gov as soon as possible\, preferably by Thursday\, July 2\ , 2026\, and the ERS will try to obtain the auxiliary aid/service or acc ommodation\, but cannot guarantee that the request will be fulfilled.

\;

Upon request\, this notice can be made available in large print.

END:VEVENT END:VCALENDAR