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2025 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 23

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

Board Meeting: June 26

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 2026 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 QPP loan insurance premium rate of 0.1% of loan balances per annum for loans originating during Fiscal Year 2026.
  • Reappointed the Board’s Medical Board Appointee to the Medical Board for an additional three-year term.
Investment Meeting: June 12

May

Board Meeting: May 15

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

  • Reelected Thomas Brown to the position of Chairperson of the Board of Trustees for a one year term ending May 2026.
  • Approved a resolution to implement the Actuary's internal fund rebalancing recommendation.
  • Approved the Actuary’s calculation of the final Fiscal Year 2025 Employer Contribution to TRS.
  • Approved a resolution adopting the Administrative Budget for Fiscal Year 2026.
Investment Meeting: May 8

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

April

Board Meeting: April 24
At this meeting, a quorum was present and no actions were formally voted upon.
Investment Meeting: April 3

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

March

Board Meeting: March 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 the Actuary’s preliminary calculation of the Fiscal Year 2026 Employer Contribution to TRS.
  • Approved a modification to the Fiscal Year 2025 budget to implement recent legislation permitting certain transfers from the Board of Education Retirement System and to administer the Gulino settlement.
Investment Meeting: March 6

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

February

Board Meeting: February 27

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

  • Approved a modification to the TDA’s Fiscal Year 2025 budget to implement the phase out of TDA loan insurance and related premiums.  
  • Adopted amendments to the TRS Bylaws.
Investment Meeting: February 6

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

January

Board Meeting: January 16

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

Investment Meeting: January 16
At this meeting, a quorum was present and no actions were formally voted upon.