Advice, transactions, official roles and disclosure questions behind the pension reform proposal.
What Aon advised ATRS
Substantive manager advice exists; underlying investment merits remain a separate question.
Where ATRS’s $50 million went
September records document completed funding, the $9.9 million replacement bond and later holdings.
The Auditor’s office and pension decisions
Signed records identify proxy participation; correspondence identifies coordination and promotion.
The ASHERS comparison
Dated agency messages report no bonds and no purchases, without proving an affirmative rejection.
The national promotional network
Records trace examples, contacts and preparation without attributing unproven control.
The seller and liquidity
Marketability and regulatory history deserve review with dispositions and limits intact.
Source recordsAPERS Investment Finance Subcommittee signed minutesSigned minutes, physical pages 1 and 4; proxy role on page 1 and motion on page 4ASHERS no-holding statementFW_ wickline's questions.eml, Robyn Smith message at 8:32 a.m. CDTAon implementation and manager-selection memorandumJune 2, 2025 Board packet, physical pages 149–150ATRS completed Israel Bond purchase2026.0228.Reams ILS 4NZB Trade, row 2 (headers row 1)Arkansas 1986 suspension and reinstatement ordersOrders 86-27-S and 86-27a-SSFOF newsletter circulating a state purchaseFOIA Response 6-18-25 / State Auditors Emails / Milligan / 🗳️ Pre-Election Update from the States - 4 nov 24.pdf, physical pages 4-6