Financial Reports 

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Fact Sheet

TRS Annual Comprehensive Financial Reports

• Fiscal years (FY) ended 2024 and 2023
•          Prior reports 

External Annual Audit Reports

• Year ended June 30, 2024
•          Prior reports

Report of the Actuary on Annual Valuation — Retirement Annuity Trust

• as of June 30, 2024
•          Prior reports

Report of the Actuary on Annual Valuation — Health and Life Insurance Trusts

• as of June 30, 2024
•          Prior reports

Report of the Actuary on Results of the Experience Investigation

• Actuary’s economic report as of June 30, 2023
• Actuary’s demographic and economic report as of June 30, 2020
•          Prior reports

Reports on GASB 67

• Actuary’s report as of June 30, 2024
•          Prior reports

Reports on GASB 68

• Auditor’s report as of June 30, 2023
• Actuary’s report as of June 30, 2023
•          Actuary’s downloadable schedules for report as of June 30, 2023
•          Prior reports

Reports on GASB 74 

• Actuary’s report as of June 30, 2024
•          Prior reports

Reports on GASB 75 

• Auditor’s report as of June 30, 2023
• Actuary’s report as of June 30, 2023
•          Actuary’s downloadable schedules for report as of June 30, 2023
•          Prior reports

Actuarial Audit 

• Full Scope Segal Group Audit of Actuarial Valuations as of June 30, 2014

Other Reports

• Examination of Certain Policies, Procedures, Controls and Transparency Compliance Activities of Retirement Systems in Kentucky
  • TRS response

Salaries & Expenditures

•          Transparency (OpenDoor) website

Funding Work Group (2015)

•          Materials

Investment Performance

TRS invests in accordance with:

•          KRS 161.430 and
• 102 KAR 1:175 for the Retirement Annuity Trust; and
•          KRS 161.677 and
• 102 KAR 1:178 for the Health Insurance Trust.

The Board of Trustees Governance Manual also includes all of the statutes and regulations in Appendix 11.

Quarterly Investment Update as of June 30, 2024 (unaudited)

• Investment asset allocation and objective 
• Top 10 equity and fixed holdings
• Retirement Annuity Trust investment holdings 
• Health Insurance Trust investment holdings
• Life Insurance Trust investment holdings
• Retirement Annuity Trust investment performance summary (gross)
• Retirement Annuity Trust investment performance summary (net of fees)
• Health Insurance Trust investment performance summary (gross) 
• Health Insurance Trust investment performance summary (net of fees)
• Life Insurance Trust investment performance summary (gross)
• Life Insurance Trust investment performance summary (net of fees)
• Transaction commissions 
• Portfolio values and fees 
• External manager addresses
• Quarter ended March 31, 2024 (unaudited)
• Quarter ended Dec. 31, 2023 (unaudited)
• Quarter ended Sept. 30, 2023 (unaudited)

Filings with the Securities and Exchange Commission

•          Quarterly Holdings Report by Institutional Investment Manager 

Proxy Voting Quarterly Report

• Quarter ended Sept. 30, 2024
•          Prior reports