KPERS Chief Investment Officer Bruce Fink told the committee the system beat the 7% actuarial assumption with a fiscal-year total return of 14.2% but trailed its policy benchmark; the board is pursuing an asset-liability study and has phased interim targets after the 2024 alternatives cap increase.

Marquette Associates recommended the committee move toward 'Option C,' which raises infrastructure and adds private debt to replace winding-down private equity and real estate; the presenter said C offers the best downside protection in stress tests and asked the committee for direction to draft a new policy statement.

David Schumacher of the State Investment Board told the LEHI 2 board the agency now manages roughly $244,000,000,000, described the board makeup and said passive, diversified investing and benchmark comparisons have driven long-term outperformance.

Lake County commissioners directed staff to add a land‑development code audit focused on housing affordability and to pursue a financial analysis on dependence on Climax Mine revenue, while clarifying that grant/accountability language should cover all partner funding, not only nonprofits.

Sponsors of bills S.1967, S.2008 and companion House measures asked the Joint Committee on Revenue to authorize limited, custodial purchases of Bitcoin and regulated digital assets for the Commonwealth's reserves, proposing caps, custody standards and audit requirements while emphasizing diversification and inflation hedging.