| Administration

Overview

TRS is administered by an 11-member Board of Trustees. Two, the education commissioner and the state treasurer, serve by reason of their office. Two, who are required to have investment experience, are appointed by the governor. The remaining trustees are elected by TRS members to staggered four-year terms. Kentucky law requires that four trustees be active members, one trustee be a retired member and two trustees be from outside the teaching profession. Day-to-day operations are led by the executive secretary hired by the board.

Board of Trustees

Regular Meetings

State law requires the Board of Trustees to meet on the third Mondays of March, June, September and December. In 2018, those meetings will begin at 12:30 p.m. (unless noted otherwise on the published agenda) on March 19, June 18, Sept. 17 and Dec. 17. Meetings are held in the boardroom of the Teachers’ Retirement System, 479 Versailles Rd., Frankfort, Ky., 40601. All meetings are open to the public. Information about each board committee is contained on the committee’s homepage, which is linked below with its list of members.

Investment committee agenda for May 24, 2018

Special Meetings

Special meetings of the board or its committees also may be called, with the notice and agenda published online here at least 72 hours beforehand. Board agendas (with notice) also will appear in the “Board of Trustees meeting notices and agendas” link below, and committee agendas (with notice) also will appear on the page linked below for the respective committee.

Meeting Information

TRS Board of Trustees approved minutes
Board of Trustees meeting notices and agendas
Board of Trustees meeting materials
Minutes and agendas for board committees are linked from committee lists below

Board of Trustees Members

The laws governing the operations of the Teachers’ Retirement System of the State of Kentucky provide that the Board of Trustees is responsible for the general administration, management and proper operation of the retirement system. In satisfying this responsibility, each board member acts in a fiduciary capacity. The obligation of a fiduciary is the highest duty under law. Each TRS board member is, at all times, subject to the statutory and common law duties of a fiduciary and the board policies governing board member conduct. As such, TRS board members must file personal financial disclosure statements, sign a policy that prohibits conflicts of interest and agree not accept campaign contributions or gifts from donors who could be perceived to be influencing the trustee in the performance of TRS duties. (Details and copies of those policies are contained in the Board Governance Manual linked below.)

Standing Committees

The Chair of the Board identifies standing committees that are to report and make recommendations to the full Board. The Chair also appoints members of the Board to the committees for terms that correspond to the term of the Chair. The following appointments are the committee assignments for 2017-18:

Administrative Appeals
Hollis Gritton, Chair
Alison Wright, Vice Chair
Mary Adams
Laura Schneider, Alternate

Governance & Audit
Hollis Gritton, Chair
Ron Sanders, Vice Chair
Frank Collecchia
John Boardman, Alternate

Insurance
Charles Harman, Chair (proxy for Commisioner Lewis)
Josh Underwood, Vice Chair
Brenda McGown
Laura Schnieder, Alternate

Investment
Ron Sanders, Chair
Hollis Gritton, Vice Chair
Mary Adams
John Boardman
Frank Collecchia
Josh Underwood
Alison Wright
Brenda McGown, Alternate
Laura Schneider, Alternate

Legislative
Ron Sanders, Chair
Alison Wright, Vice Chair
Josh Underwood
Hollis Gritton, Alternate

Nominating
Alison Wright, Chair
Ron Sanders, Vice Chair
Laura Schneider
Hollis Gritton, Alternate

Personnel
Alison Wright, Chair
Mary Adams, Vice Chair
Hollis Gritton
Brenda McGown
Ron Sanders
Charles Harman, Alternate

Scholarship
Josh Underwood, Chair
Alison Wright, Vice Chair
Charles Harman
Laura Schneider
Brenda McGown, Alternate

Teachers' Retirement System Kentucky

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