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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.

2019 Meeting Summaries

September 2019

Board Meeting: September 26

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

  • 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 adopting the Actuary's recommendation to continue the current Tax-Deferred Annuity Program loan insurance premium rate of 0.3% of loan balances per annum for loans originating on or after October 1, 2019.
Investment Meeting: September  5

June 2019

Board Meeting: June 20

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

  • 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 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 2020.
  • Approved a resolution reappointing a member of the Medical Board.
  • Approved a resolution adopting a revised Qualified Pension Plan Investment Policy Statement.
Investment Meeting: June 6

May 2019

Board Meeting: May 16

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

  • Approved a resolution for the Administrative Budget for Fiscal Year 2020.
  • Approved a resolution to Authorize Continuation of Basis Point Fee for Variable Annuity Programs.
  • Approved a resolution on the Final Fiscal Year 2019 Employer Contribution to the Teachers’ Retirement System.
  • Approved a resolution to Authorize Internal Rebalancing of Funds.
Investment Meeting: May 6

April 2019

Board Meeting: April 18

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

  • Approved a resolution on a preliminary Fiscal Year 2020 employer contribution to the Teachers' Retirement System of the City of New York.
Investment Meeting: April 8

March 2019

Board Meeting: March 21

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

  • Approved a resolution on the authorization of the Comptroller of the City of New York to invest certain Qualified Pension Plan funds.
  • Approved a resolution on the authorization of the Comptroller of the City of New York to invest certain Tax-Deferred Annuity Program funds.
  • Approved a resolution on the New York City Office of the Actuary's Fiscal Year 2018 Reimbursement Calculation resulting from Chapter 41 of the laws of 2016.
Investment Meeting: March 7

February 2019

Board Meeting: February 28

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

  • Approved a resolution on Proposed Changes in Actuarial Assumptions and Methods.
  • Approved a resolution on Proposed Changes in Option Factors.
Investment Meeting: February 7

January 2019

Board Meeting: January 24

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

  • Laid over resolutions on Proposed Changes in Actuarial Assumptions and Methods and Proposed Changes in Option Factors as presented in the Report from the Actuary.
Investment Meeting: January 3