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Public commenter questions high travel and lodging expenses for trustees, staff travel to abroad
Summary
A public commenter criticized trustee and staff travel reimbursements for conferences — particularly a near‑$1,000 nightly lodging charge at a Milliken Institute event in Beverly Hills — and questioned the value of overseas travel by the CIO.
A member of the public raised concerns at the Federated Retirement System meeting about trustee and chief investment officer travel costs.
Brad Imamura told trustees he objected to a reimbursement on the consent calendar for attendance at a Milliken Institute conference in Beverly Hills, calling a lodging charge of nearly $1,000 per night “egregious” and noting there were lower‑cost options in the city. Imamura also criticized repeated travel by the chief investment officer, including a proposed trip to Stockholm, Sweden, and questioned how such trips improve the system’s funded status.
The chair closed the speaker after three minutes, thanked Imamura and said the board would consider the comments. The board did not take immediate action in response to the public comments during the meeting.
No staff response or additional documentation on the specific reimbursement request was provided during the public comment period recorded in the transcript.
