New York City Teachers' Retirement System Board Meeting
The meeting addressed several operational and financial matters. Updates were provided on retirement application volumes and the Actuary presented reports regarding Cost-of-Living Adjustment (COLA) fiscal notes and loan insurance premium rates. The Board authorized the Comptroller to invest funds and tax-deferred annuity funds. There was a discussion on the adoption of the Tier III, IV, and VI Loan Insurance Premium Rate for the upcoming fiscal year. The Board approved attendance for various conferences and investment training programs. A presentation was delivered by Cost Effectiveness Measurement (CEM) regarding pension plan benchmarking, which highlighted system modernization costs and performance metrics. Additionally, an executive session was held to discuss investment matters.