Financial Reports 

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Fast Facts

TRS Annual Comprehensive Financial Reports

• Fiscal years (FY) ended 2022 and 2021
• FY ended 2021 and 2020
• FY ended 2020 and 2019
• FY ended 2019 and 2018
• FY ended 2018 and 2017 (Revised)
•          Prior years 

External Annual Audit Reports

• Year ended June 30, 2022
• Year ended June 30, 2021
• Year ended June 30, 2020
• Audit & internal control report by Auditor of Public Accounts as of June 30, 2019
• Year ended June 30, 2018
•          Prior years

Report of the Actuary on Annual Valuation

• Retirement Annuity Trust as of June 30, 2022
• Retiree Health & Life Insurance Trusts as of June 30, 2022
• Retirement Annuity Trust as of June 30, 2021
• Retiree Health & Life Insurance Trusts as of June 30, 2021
• Retirement Annuity Trust as of June 30, 2020
• Retiree Health & Life Insurance Trusts as of June 30, 2020
• Pension Fund as of June 30, 2019
• Retiree Medical & Life Insurance Plans as of June 30, 2019
• Pension Fund as of June 30, 2018
• Retiree Medical & Life Insurance Plans as of June 30, 2018
•          Prior Reports

Report of the Actuary on Results of the Experience Investigation

• Actuary’s report as of June 30, 2020
• Actuary’s report as of June 30, 2015
• Actuary’s report as of June 30, 2010

Reports on GASB 67

• Actuary’s report as of June 30, 2022
• Actuary’s report as of June 30, 2021
• Actuary’s report as of June 30, 2020
• Actuary’s report as of June 30, 2019
• Actuary’s report as of June 30, 2018
•          Prior reports

Reports on GASB 68

• Auditor’s report as of June 30, 2021
• Actuary’s report as of June 30, 2021
•          Actuary’s schedules for report as of June 30, 2021
• Auditor’s report as of June 30, 2020
• Actuary’s report as of June 30, 2020
•          Actuary’s schedules for report as of June 30, 2020
• Auditor’s report as of June 30, 2019
• Actuary’s report as of June 30, 2019
•          Actuary’s schedules for report as of June 30, 2019
• Auditor’s report as of June 30, 2018
• Actuary’s report as of June 30, 2018
•          Actuary’s schedules for report as of June 30, 2018
• Auditor’s report as of June 30, 2017
• Actuary’s report as of June 30, 2017
•          Actuary’s schedules for report as of June 30, 2017
•          Prior reports

Reports on GASB 74 

• Actuary’s report as of June 30, 2022
• Actuary’s report as of June 30, 2021
• Actuary’s report as of June 30, 2020
• Actuary’s report as of June 30, 2019
• Actuary’s report as of June 30, 2018
• Actuary’s report as of June 30, 2017

Reports on GASB 75 

• Auditor’s report as of June 30, 2021
• Actuary’s report as of June 30, 2021
•          Actuary’s schedules for report as of June 30, 2021
• Auditor’s report as of June 30, 2020
• Actuary’s report as of June 30, 2020
•          Actuary’s schedules for report as of June 30, 2020
• Auditor’s report as of June 30, 2019
• Actuary’s report as of June 30, 2019
•          Actuary’s schedules for report as of June 30, 2019
• Auditor’s report as of June 30, 2018 
• Actuary’s report as of June 30, 2018
•          Actuary’s schedules for report as of June 30, 2018 
• Auditor’s report as of June 30, 2017
• Actuary’s report as of June 30, 2017
•          Actuary’s schedules for report as of June 30, 2017

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) portal

Investment Returns

TRS invests in accordance with:

• its Investment Procurement Policy;
•          KRS 161.430 and
• 102 KAR 1:175 for the pension fund; and
•          KRS 161.677 and
• 102 KAR 1:178 for the insurance fund.

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

Quarterly Investment Update as of Dec. 31, 2022 (unaudited)

• Investment Asset Allocation & Objective 
• Top 10 Equity and Fixed Holdings
• Retirement Annuity Trust Investment Holdings 
• Health Insurance Trust Investment Holdings
• Life Insurance Trust Investment Holdings
• Retirement Annuity Investment Performance Summary (Gross)
• Retirement Annuity Investment Performance Summary (Net of fees)
• Health Insurance Investment Performance Summary (Gross) 
• Health Insurance Investment Performance Summary (Net of fees)
• Transaction Commissions 
• Portfolio Values and Fees 
• External Manager Addresses
• Quarter ending Sept. 30, 2022 (unaudited)
• Quarter ending June 30, 2022 (unaudited)
• Quarter ending June 30, 2021 (unaudited)
• Quarter ending June 30, 2020 (unaudited)
• Quarter ending June 30, 2019 (unaudited)

Filings with the Securities and Exchange Commission

•          Quarterly Holdings Report by Institutional Investment Manager