BEGIN:VCALENDAR PRODID:-//Hawaii Public Meetings and Events Calendar//111285969//EN VERSION:2.0 CALSCALE:GREGORIAN BEGIN:VEVENT DTSTAMP:20261031T022424Z DTSTART:20261102T130000 DTEND:20261103T000000 SUMMARY:Regular Meeting of the Administrative and Audit Committee of the Board of Trustees of the Employees' Retirement System of the State of Ha waii UID:20261031T022424Z-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 \;
\; \; \; \; &n bsp\; \; \; \; \; \; \; \; Employees& rsquo\; Retirement System of the State of Hawaii

DATE: \; \; \; \; \; \; \; \ ;Monday\, November 2\, 2026\; 1:00 p.m.

PLA CE: \; \; \; \; &nbs p\; \; \;City Financial Tower\, 201 Merchant Street\, S uite 1200\, Honolulu\, Hawaii \; 96813

\; \; \; \; \ ; \; \; \; \; \; \; \; \; \; \;& nbsp\; \; \; \; \; \; \; \; The meeting will be conducted pursuant to HRS §\;9 2-3.7\, under which Members of the Administrative and Audit Committee of the Board of Trustees and members of the public may participate via int eractive conference technology or in person at the meeting place stated above. \;

\; \; \; \; \; \; \; \; \;&nb sp\; \; \; \; \; \; \; \; \; \; \; \; \; \; Members of the public may provide testimo ny in person or by teleconference\, either audio or video\, at the follo wing link or phone number:
https: //teams.microsoft.com/meet/2416639542259436?p=eDVu6JP2mTVBZH9MSN

\; \; \; \; \; \; \;&n bsp\; \; \; \; \; \; \; \; \; \;&nbs p\; \; \; \; \; \; Or join by entering meeting ID: \; 241 663 954 225 94 3 6 \; \; \; \; \;& nbsp\; \; \; \; \; \; \; Passcode: \; QD2p26UQ

\; \; \;& 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: \; 648 508 666#

\; \; \; \; \;&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~~

Members of the public may submit written testimony on these agenda item s via e-mail or postal mail with receipt recommended by 4:30 p.m. on Fri day\, October 30\, 2026\, in order to ensure it is distributed in time f or consideration. \; Please address written testimony if by e-mail to: \; d ale.kanae@hawaii.gov or by postal mail to: \; Employees&rsquo\; Retirement S ystem of the State of Hawaii\, Board of Trustees\, 201 Merchant Street\, Suite 1400\, Honolulu\, HI \; 96813. &nbs p\;

NEW BUSINESS

1. \; \; \; \; \; \; Discuss Recent Departure of Vice Chair of the Adminis trative &\; Audit Committee.

2. \; \; \; \; \; \; Compliance Office Quarterly Report on Enterprise Governance\, Risk\, and Compliance.

3. \; \; \; \; \; \; Compliance O ffice Quarterly Report on the ERS Modernization Project.\n

4. \; \; \; \; \; \; Int ernal Audit Update Report by KMH LLP on the Current Status of Activities Completed During September 2026\, and an Update on the Completion Statu s of Management Action Plans for Past Non-Information Technology Interna l Audit Observations and Recommendations.

Pursuant to HRS §\;92-5(a)(4)\, and (8)\, the Committee may enter into Executive Session to consider information that must be kept confidential pursuant to a state or federal law\; and to co nsult with the Board&rsquo\;s attorneys on questions and issues pertaini ng to the Board&rsquo\;s powers\, duties\, privileges\, immunities\, and liabilities with respect to these matters.

APPROVAL OF MINUTES &ndash\; August 19\, 2026

A PPROVAL OF EXECUTIVE SESSION MINUTES &ndash\; August 19\, 2026

\; \; &nb sp\; Pursuant to HRS §\; 92-5(a)(2)\, (4)\, (6) and (8)\, the Commit tee may enter into executive session if such approval requires the consi deration of sensitive matters relating to public safety or security\; th e consideration of information that must be kept confidential pursuant t o State law\; the consideration of the hire\, evaluation\, dismissal\, o r 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&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.

EXECUTIVE SESSION

1. \; \; \; \; \; \; Executive Sessio n\, pursuant to HRS §\;92-5(a)(4) and (6)\, to consider sensitive matters related to Cyber Security that involve s Information Security\, Technology Risk Management\, and the protection of Employees&rsquo\; Retirement System Information Assets\, and to cons ider and consult with the Board&rsquo\;s attorneys on questions and issu es pertaining to the Board&rsquo\;s powers\, duties\, privileges\, immun ities\, and liabilities with respect to such matters.

ADJOUR NMENT \;

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 Wednesday\, Octobe r 28\, 2026\, and the ERS will try to obtain the auxiliary aid/service o r accommodation\, but cannot guarantee that the request will be fulfille d.

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 \;
\; \; & nbsp\; \; \; \; \; \; \; \; \; & nbsp\; Employees&rsquo\; Retirement System of the State of Hawaii

DATE: \; \; \; \; \; \; \; \;Monday\, November 2\, 2026\; 1:00 p.m.\n

PLACE: \; \; &nb sp\; \; \; \; \;City Financial Tower\, 201 Me rchant Street\, Suite 1200\, Honolulu\, Hawaii \; 96813

\; \;&nb sp\; \; \; \; \; \; \; \; \; \; \; \; \; \; \; \; \; \; \; \; \; The meeting will be conducted pursuan t to HRS §\;92-3.7\, under which Members of the Administrative and A udit Committee of the Board of Trustees and members of the public may pa rticipate via interactive conference technology or in person at the meet ing place stated above. \;

\; \; \; \; \; \; \; \; \; \; \; \; \; \; \; \; \;&n bsp\; \; \; \; \; \; Members of the public ma y provide testimony in person or by teleconference\, either audio or vid eo\, at the following link or phone number:
https://teams.microsoft.com/meet/2416639542259436?p=eDVu6JP2m TVBZH9MSN

\; \; \; \; \ ; \; \; \; \; \; \; \; \; \; \;& nbsp\; \; \; \; \; \; \; \; ~~Or join by entering meeting ID: \; 2 41 663 954 225 943 6 \; \; \; \; \; \; \; \; \; \; \; \; Passcode: \; QD2p26UQ~~

\n
\; \; \; \; \; \; \; \; \; \; \; \; \; \; \; \; \; \; \; \; \;&n bsp\; \; Individuals testifying a t the meeting are requested to limit their testimony to three (3) minute s or an amount of time otherwise designated by the Chairperson.\n
\; \; \; \; \; \; \; \; \; \; \; \; \; \; \; \; \; \; \; \; \; \; \; Or +1 808-829-4853 United States\, Honolulu (Toll)
Conference ID: \; 648 508 666#
\n
\; \; \ ; \; \; \; \; \; \; \; \; \; \;& nbsp\; \; \; \; \; \; \; \; \; \; In the event audiovisual communication cannot be maintained with pa rticipating Trustees and quorum is lost\, the meeting shall be automatic ally recessed for up to 30 minutes\, during which time\, an attempt to r estore audiovisual communication will be made. \; If such attempt is unsuccessful\, all Trustees\, members of the public\, staff and other interested individuals may conti nue to participate in the meeting via telephone using the above-listed t elephone and conference ID numbers\, whereby audio-only communication wi ll be established for all participants and the meeting will continue. \; If reconvening the meeting is not possible because neither audiovisual nor audio-only communicatio n can be re-established\, the meeting will be terminated.
\nAGENDA\n
Q UORUM/CALL TO ORDER
\n
PUBLIC COMMENT
\n

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 Friday\, October 30\, 2026\, in order to ensure it is dist ributed in time for consideration.&nbs p\; Please address written testimony if by e-mail to: \; dale.kanae@hawaii.gov or by posta l mail to: \; Employees&rsq uo\; Retirement System of the State of Hawaii\, Board of Trustees\, 201 Merchant Street\, Suite 1400\, Honolulu\, HI \; 96813. \;

NEW BUSINESS

1.&nbs p\; \; \; \; \; \; 2. \; \; \; \; \; \; Compliance Office Quarterly Report on Enterprise Governance\, Risk\, and Compliance .

3. \; \; \; \; \; \; Compliance Office Quarterly Report on the ERS Modernization Project .

4. \; \; \; \; \; \; Internal Audit Update Report by KMH LLP on the Current Sta tus of Activities Completed During September 2026\, and an Update on the Completion Status of Management Action Plans for Past Non-Information T echnology Internal Audit Observations and Recommendations.

Pursuant to HRS §\;92-5(a)(4) \, and (8)\, the Committee may enter into Executive Session to consider information that must be kept confidential pursuant to a state or federa l law\; and to consult with the Board&rsquo\;s attorneys on questions an d issues pertaining to the Board&rsquo\;s powers\, duties\, privileges\, immunities\, and liabilities with respect to these matters.

APPROVAL OF MINUTES &ndash\; August 19\, 2026

APPROVAL OF EXECUTIVE SESSION MINUTES &ndash\; August 19\, 2026

&n bsp\; \; \; Pursuant to HRS §\; 92-5(a)(2)\, (4)\, (6) and (8)\, the Committee may enter into executive session if such approval r equires the consideration of sensitive matters relating to public safety or security\; the consideration of information that must be kept confid ential pursuant to State law\; the consideration of the hire\, evaluatio n\, dismissal\, or discipline of an officer or employee or of charges br ought against the officer or employee\, where consideration of matters a ffecting privacy will be involved\; and/or 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.

EXECUTIVE S ESSION

1. \; \; \; \; \;&nbs p\; Executive Session\, pursuant to HRS §\;92-5(a)(4) and (6)\, to consider sensitive matters related to Cyber Secu rity that involves Information Security\, Technology Risk Management\, a nd the protection of Employees&rsquo\; Retirement System Information Ass ets\, and to consider and consult with the Board&rsquo\;s attorneys on q uestions and issues pertaining to the Board&rsquo\;s powers\, duties\, p rivileges\, immunities\, and liabilities with respect to such matters.

ADJOURNMENT \;

If you require auxiliary aid/service or other accommodation due to a disability\, please contact
Dale K ehau Kanae at (808) 586-1706 or dale.kanae@hawaii.gov as soon as possible\, preferably by W ednesday\, October 28\, 2026\, and the ERS will try to obtain the auxili ary aid/service or accommodation\, but cannot guarantee that the request will be fulfilled.

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

END:VEVENT END:VCALENDAR