Board meetings, strategic plans, and buyer signals from Holly Carr’s organization
Jun 25, 2026·BoardMeeting
Board
Highway Patrol Retirement System Board Meeting Highlights
The board reviewed the preliminary results of the 2025 Actuarial Valuation and Funding Policy Analysis, approving a cost-of-living adjustment for eligible members, maintaining active member contribution rates, and allocating funding to the health care fund. Legislative initiatives for alternative cost-of-living adjustments were discussed. The board also authorized increases to Pre-Medicare and Medicare Health Reimbursement Allowance (HRA) and surviving spouse benefits following an analysis of post-employment benefits. Furthermore, the board addressed investment portfolio performance, processed retirement applications and survivor benefits, and received an update regarding the status of the external financial audit.
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The committee discussed proposed updates to HPRS policies and procedures, including the separation of policy and procedure documents and minor language revisions. Additionally, the committee received an overview of the Service Credit Reform project and discussed a staff recommendation regarding the management of DROP account balances below a specific threshold, specifically concerning setting minimum active balances and automatic payouts for smaller accounts.
Apr 16, 2026·BoardMeeting
Board
Audit Committee Minutes
The Audit Committee discussed and approved the Audit Committee Charter and the 2026 Work Plan. Additionally, the committee reviewed trustee expense reports and confirmed their compliance with HPRS policies.
Apr 16, 2026·BoardMeeting
Board
Investment Committee Minutes
The Investment Committee reviewed the 2026 Oversight Dashboard and received a market update. Discussions included a performance review of the total fund for the previous year and a current portfolio snapshot. A group was established to evaluate future global equity commitments for 2026. The committee also approved a motion to modify minimum evaluation criteria for New Water Capital and received presentations on private credit and from Onex representatives.
Extracted from official board minutes, strategic plans, and video transcripts.
