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December 5-6, 2024 Board Meeting

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1000 Red River Street
Austin, TX 78701
United States

About TRS Board Meetings

​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​The Teacher Retirement System of Texas was established pursuant to Article 16, Section 67 of the Texas Constitution, which requires TRS to have a Board of Trustees (the “Board”) to administer TRS and invest its funds. The assets of the TRS pension fund are required by state and federal law to be held in trust for the exclusive benefit of plan participants and beneficiaries. The Board of Trustees of TRS, the trustee of all plan assets, is responsible for the general administration and operation of TRS, and is authorized by law to adopt rules for the administration of TRS and the transaction of the business of the Board.  

Each meeting allows the trustees to review reports and presentations from the various TRS divisions. Trustees ask questions, discuss topics and vote when required. The meetings are broadcast live so that members, retirees and agency stakeholders may watch the proceedings without commuting to the TRS offices.

Public Comment Opportunities

TRS and the Board of Trustees encourage input from the public. Interested parties representing various points of view are allowed time to present their views while permitting the board to conduct its meetings in an efficient and effective manner. Members of the public may provide virtual public comment by registering first with the Board Secretary by submitting an email to publiccomment@trs.texas.gov identifying the name of the speaker and topic.

Board Meeting Materials

Recordings
:21

1. Call roll of board members

:37

2. Consider the following administrative matters including approval of the September 2024 proposed meeting minutes - Robert H. W

17:28

3. Resolution recognizing the service of Jarvis V. Hollingsworth - Robert H. Walls, Jr.

28:04

4. Review and discuss the Executive Director's report - Brian Guthrie

2:17

5. Consider the renewal of the executive assessment provider agreement - Shunne Powell

3:40

6. Consider the renewal of the master custody services and security lending provider agreement - Kendall Courtney

12:09

7. Receive TRS Quarterly Ombudsman's Report - Lori LaBrie

3:39

8. Public comment

4:16

9. Receive the report of the Benefits Committee on its December 5, 2024 meeting

5:52

10. Receive the report of the Investment Management Committee on its December 5, 2024 meeting – Committee Chair

1:26

11. Receive the report of the Policy Committee on its December 5, 2024 meeting

1:37

12. Receive the report of the Budget Committee on its December 5, 2024 meeting – Committee Chair

1:14

13. Receive the report of the Audit, Compliance, and Ethics Committee on its December 5, 2024 meeting – Committee Chair

23:21

14. Receive an update on the economic impact of TRS pension and healthcare payments on the Texas economy – Dr. Ray Perryman, The

49:52

15. Receive the TRS Pension Trust Fund Actuarial Valuation for the fiscal year ending August 31, 2024 – Joe Newton, Gabriel, Roe

3:40

16. Receive the TRS-Care Actuarial Valuation and Other Post-Employment Benefits (OPEB) reports for the fiscal year ending August

3:30

17. Receive the annual evaluation of Gabriel, Roeder, Smith & Co. as the provider of pension actuarial and consulting services -

20:37

18. Receive an update on the TEAM Program – Chris Cutler, Billy Lowe, Jennifer Whitman and Adam Fambrough

7:41

19. Receive an update from the TEAM Program Independent Program Assessment (IPA) Vendor – Laurie Patton, EY

17:13

20. Receive the Deputy Director’s update including considering the Procurement and Contracting Report – Caasi Lamb

2:06

21. Receive Quarterly Data Governance and Information Security Update – Frank Williams and Adjournment

Agenda, Board book and webcast link will be available closer to the board meeting date.