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2024 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 Investment Meeting: June 24

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

Board Meeting: June 20

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 2025 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 Modernization Program Budget for Fiscal Year 2025. (By majority consent).
  • Approved a resolution adopting the Actuary’s recommended retention of the Tier III, IV, and VI QPP loan insurance premium rate of 0.1% of loan balances per annum for loans originating during Fiscal Year 2025.
  • Approved a resolution discontinuing TDA loan insurance for loans issued on or after October 5, 2024.
Investment Meeting: June 6

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

May

Board Meeting: May 16

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 Budget for Fiscal Year 2025.
Investment Meeting: May 9

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

April

Board Meeting: April 18
At this meeting, a quorum was present and the Board took the following action by unanimous consent:
  • Approved the Actuary’s calculation of the final Fiscal Year 2024 Employer Contribution to TRS.
  • Adopted a revised Investment Policy Statement for the Qualified Pension Plan.
Investment Meeting: April 4

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

March

Board Meeting: March 21

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 preliminary calculation of the Fiscal Year 2025 Employer Contribution to TRS.
  • Approved a modification to the Fiscal Year 2024 budget to provide for mandated projects, managerial increases, and employee compensation increases required by a recent collective bargaining agreement between the City and the Organization of Staff Analysts.
Investment Meeting: March 7

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

February

Board Meeting: February 15

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

Investment Meeting: February 1

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

January

Board Meeting: January 18

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

  • Approved a modification to the Fiscal Year 2024 budget to provide for employee compensation increases required by a recent collective bargaining agreement between the City and the Communication Workers of America.
Investment Meeting: January 4
At this meeting, a quorum was present and no actions were formally voted upon.