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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.

2020 Meeting Summaries

June 2020

Investment Meeting: June 4

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

  • Approved a resolution adopting the Gulino Implementation Budget for Fiscal Year 2021.

May 2020

Board Meeting: May 21

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

  • Approved a resolution adopting the Administrative and Modernization Program Budgets for Fiscal Year 2021.
  • Approved a resolution adopting the Actuary’s recommended Tier III, IV, and VI loan insurance premium rate of 0.1% of loan balances per annum for loans originating during Fiscal Year 2021.
  • Approved a resolution to implement the Actuary’s internal fund rebalancing recommendation.
Investment Meeting: May 7

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

April 2020

Board Meeting: April 20

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

  • Approved a resolution adopting the Actuary's determination of the Final Fiscal Year 2020 Employer Contribution to the Teachers' Retirement System.
  • Adopted a revised Securities Litigation Protocol.
Investment Meeting: April 2

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

March 2020

Board Meeting: March 19

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

  • Approved the Actuary's preliminary calculation of the Fiscal Year 2021 employer contribution to TRS.
  • Approved the Actuary's calculation of the Fiscal Year 2019 Reimbursement resulting from Chapter 41 of the Laws of 2016.
  • Approved a modification to the Fiscal Year 2020 budget to accommodate contractual increases due to employees represented by the Communications Workers of America.
  • Approved a resolution authorizing the Comptroller of the City of New York to invest certain Qualified Pension Plan funds.
  • Approved a resolution authorizing the Comptroller of the City of New York to invest certain Tax-Deferred Annuity Program funds.
Investment Meeting: March 5

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

February 2020

Board Meeting: February 27

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

  • Adopted a revised Asset Allocation Policy.
Investment Meeting: February 6

January 2020

Board Meeting: January 30

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

  • Approved a resolution adopting a modification to the Fiscal Year 2020 Budget to cover expenses associated with the Local 1180 Class Action Settlement.
Investment Meeting: January 6