Teachers Retirement System Board of Trustees Meeting Report - November 2021

TRS held its bimonthly meeting Nov. 17, 2021. TRS net assets in October 2021 reached $104,807,139,725. The audit committee presented KPMG’s unmodified opinion of the audit from June 30, 2021. Kenneth Dyer was named to the TRS investment committee, and the board announced its meeting dates for 2022.

Membership Report

  • In October, there were 279,238 members in active status, 241,487 actively contributing, and 140,921 retirees.

  • Nov. 1, there were 126,554 service retirees with an average monthly benefit of $3,445 and an average age at retirement of 59.

Financial Statement

  • TRS net position in September 2020 was $85,281,225,097. TRS net position in September 2021 was $101,176,270,727.

  • TRS net position in October 2020 was $87,050,959,308. TRS net position in October 2021 was $104,807,139,725.


Audit Committee Report

The board heard a presentation on the audit conducted by KPMG. KPMG audited the year ending June 30, 2021. KPMG delivered an unmodified opinion of the Annual Comprehensive Financial Report (ACFR). An unmodified opinion is a clean report.

Ribbon Cutting at Macon Office

The TRS office in Macon held its COVID-delayed ribbon cutting ceremony. This office allows TRS members an alternative to traveling to the Atlanta office.

TRS Meeting Dates for 2022

  • January 26

  • March 23

  • May 11

  • July 27

  • September 28

  • November 16