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2022 Meeting Summaries
Below are summaries of the major actions taken by the Teachers' Retirement Board at its scheduled Board Meetings. Also provided below are full transcripts of the public sessions of Board Meetings and TRS Investment Meetings (held by the Board's Finance Committee). Other investment actions taken by the Board are also published after they take effect.

June

Special Board Meeting: June 28

At this meeting, a quorum was present and no actions were formally voted upon.

Special Investment Meeting: June 23

At this meeting, a quorum was present and the Board took the following action by unanimous consent:

  • Adopted a resolution pursuant to the New York State Open Meetings Law that the COVID-19 state of emergency continues to impair the Board's ability to hold in-person meetings.
Board Meeting: June 16

At this meeting, a quorum was present and the Board took the following actions by unanimous consent:

  • Approved a resolution authorizing the Comptroller to invest certain Qualified Pension Plan funds.
  • Approved a resolution authorizing the Comptroller to invest certain Tax-Deferred Annuity Program funds.
  • Approved a resolution authorizing the continuation through Fiscal Year 2023 of the Variable Funds’ 18 basis point expense fee and the return of any remaining fee revenue to the Variable Funds at the Fiscal Year End.
  • Approved a resolution adopting the Actuary’s recommended retention of the Tier III, IV, and VI loan insurance premium rate of 0.1% of loan balances per annum for loans originating during Fiscal Year 2023.
  • Reappointed the Board’s Medical Board Appointee to the Medical Board for an additional three-year term.
Investment Meeting: June 2

At this meeting, a quorum was present and no actions were formally voted upon.

May

Board Meeting: May 19

At this meeting, a quorum was present and the Board took the following actions by unanimous consent:

  • Approved a resolution to implement the Actuary's internal fund rebalancing recommendation.
  • Approved a resolution adopting the Administrative and Modernization Program Budgets for Fiscal Year 2023.
  • Authorized expanded remote attendance at Board Meetings in accordance with Chapter 56 of the Laws of 2022.
Investment Meeting: May 5

At this meeting, a quorum was present and no actions were formally voted upon.

April

Board Meeting: April 28

At this meeting, a quorum was present and the Board took the following action by unanimous consent:

  • Adopted a revised Variable Annuity Program Investment Policy Statement.
Investment Meeting: April 7

At this meeting, a quorum was present and no actions were formally voted upon.

March

Board Meeting: March 17

At this meeting, a quorum was present and the Board took the following actions by unanimous consent:

  • Approved a resolution authorizing the Comptroller to invest certain Qualified Pension Plan funds.
  • Approved a resolution authorizing the Comptroller to invest certain Tax-Deferred Annuity Program funds.
  • Approved the Actuary’s calculation of the Fiscal Year 2021 Reimbursement resulting from Chapter 41 of the Laws of 2016.
  • Approved the Actuary’s calculation of the Final Fiscal Year 2022 Employer Contribution to TRS.
  • Approved the Actuary’s preliminary calculation of the Fiscal Year 2023 Employer Contribution to TRS.
Investment Meeting: March 3

At this meeting, a quorum was present and no actions were formally voted upon.

February

Board Meeting: February 17

At this meeting, a quorum was present and no matters were formally voted upon.

Investment Meeting: February 3

At this meeting, a quorum was present and the Board took the following action by unanimous consent:

  • Adopted a resolution in support of reforming Retirement and Social Security Law (RSSL) Section 177 to permit more flexible asset allocations.

January

Board Meeting: January 20

At this meeting, a quorum was present and no matters were formally voted upon.

Investment Meeting: January 6

At this meeting, a quorum was present and no actions were formally voted upon.