TRS held its bimonthly board meeting March 22, 2023. The TRS net position in February 2023 was $90,193,685,065. The board heard an update on the TRS strategic plan, and Executive Director Dr. Buster Evans gave a legislative update.
Financial Statement
The TRS net position in January 2022 was $100,884,603,489.
The TRS net position in January 2023 was $92,582,260,744.
The TRS net position in February 2022 was $98,899,548,138.
The TRS net position in February 2023 was $90,193,685,065.
Membership Report
In February 2023, there were 290,468 members in active status with 241,819 members actively contributing. There were 142,261 retirees. In March 2023, the average age at retirement was 60, the average service credit was 25.56 years, and the average monthly payout was $3,543.
Legislative Report
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Next TRS Meeting
The next TRS board meeting is scheduled for May 10, 2023.