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2023 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.

December

Board Meeting: December 21

At this meeting, a quorum was present and the Board took the following action 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.
Investment Meeting: December 7

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

November

Board Meeting: November 16

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

  • Adopted a revised Qualified Pension Plan Asset Allocation Policy.
Investment Meeting: November 2

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

October

Board Meeting: October 26

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 fund compensation increases required by recent collective bargaining agreements between the City and unions DC37 and Teamsters Local 237.
Proxy Sub-Committee Meeting: October 19
Investment Meeting: October 5

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

September

Board Meeting: September 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.
Investment Meeting: September 7

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

  • Adopted a motion to participate in the Labor Rights Network.

June

Special Investment Meeting: June 26

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

Board Meeting: June 15

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 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 2024.
  • Approved a resolution adopting the Administrative and Modernization Program Budgets for Fiscal Year 2024.
  • Approved a resolution authorizing the continuation through Fiscal Year 2024 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.
Investment Meeting: June 1

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

May

Board Meeting: May 18

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 2024.
  • Approved a resolution to implement the Actuary's internal fund rebalancing recommendation.
Investment Meeting: May 4
  • At this meeting, a quorum was present and no actions were formally voted upon.

April

Board Meeting: April 20
At this meeting, a quorum was present and the Board took the following action by unanimous consent:
  • Approved a modification to the Fiscal Year 2023 budget to provide for employee compensation increases required by a recent collective bargaining agreement between the City and District Council 37.
  • Approved the Actuary’s calculation of the final Fiscal Year 2023 Employer Contribution to TRS.
Special Investment Meeting: April 4

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

  • Adopted a Net Zero Implementation Plan.

March

Investment Meeting: March 30

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

Board Meeting: March 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 the Actuary’s preliminary calculation of the Fiscal Year 2024 Employer Contribution to TRS.
Investment Meeting: March 9

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

February

Board Meeting: February 9

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

Investment Meeting: February 2

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

January

Board Meeting: January 19

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

  • Elected Thomas Brown to be Chairperson of the Board of Trustees for the remainder of the term ending May 2023.
Investment Meeting: January 5
At this meeting, a quorum was present and no actions were formally voted upon.