Senior Internal Auditor at Teacher Retirement System of Texas (TRS)
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The Teacher Retirement System of Texas submitted a legislative appropriations request for the FY 2028-29 biennium, representing a proposed budget request for the 90th Regular Session.
The meeting agenda includes an opportunity for public comment, consideration of Special Transitional Plan Rates for San Felipe ISD regarding their entry into the TRS-ActiveCare Program, and the selection of a special board committee for the Chief Investment Officer position. Additionally, the Board intends to convene in an Executive Session to discuss various matters, including consultation with legal counsel, real property, personnel, and security protocols.
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The Governance Committee and Board of Trustees meeting focused on several key items, including the review and approval of performance pay plans for the Executive Director, the Investment Management Division, and TRICOT. Discussions involved proposed administrative updates to plan dates and position titles, as well as streamlining provisions related to death, disability, and retirement in the Executive Director's plan. Additionally, the committee reviewed the Member and Employer Outreach Plan and the statutorily required four-year rule review, which involved recommendations for readopting, amending, or repealing various Texas Administrative Code rules.
The agenda focuses on multiple administrative and policy-related items. Key discussion topics include the review and recommendation of performance pay plans for the Executive Director and the Investment Management Division, proposed amendments to the Pension Funding Policy, and updates to the Bylaws of the Board of Trustees. Additionally, the committee will consider authorizing the publication of various proposed new rules, repeals, and amendments in the Texas Administrative Code affecting chapters on membership credit, service credit, benefits, employment after retirement, contested cases, and qualified domestic relations orders.
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