At this meeting, a quorum was present, and the Board took the following actions:

• Authorized the Comptroller of the City of New York to invest certain portions of the Contingent Reserve Fund, the Pension Reserve Fund, the Annuity Savings Fund, and the Annuity Reserve Fund for a three-month period, terminating on March 31, 2013.
• Authorized the Comptroller of the City of New York to invest the net contributions derived from the Fixed portion of the Tax-Deferred Annuity Program for a three-month period terminating on March 31, 2013.
• Agreed to increase the agency budget for Fiscal Year 2013 in the amount of $1,315,793 to provide for the initial costs associated with the implementation of the Tier VI pension plan.
• Approved the retention of Rocaton Investment Advisors, LLC to provide investment consulting services for both the Qualified Pension Plan and the Variable Program for one three-year term with the right to renew for one subsequent additional three-year term.
• Authorized TRS to pay the New York City Employees' Retirement System for expenses incurred in the disaster recovery efforts as a result of Hurricane Sandy and to contract with outside vendors to provide goods and services necessary to complete the disaster recovery efforts and the orderly return to TRS' offices.

At this meeting, a quorum was present, and no resolutions requiring Board action were introduced.

At this meeting, a quorum was present, and the Board took the following actions:

• Authorized the Comptroller of the City of New York to invest certain portions of the Contingent Reserve Fund, the Pension Reserve Fund, the Annuity Savings Fund, and the Annuity Reserve Fund for a three-month period, terminating on December 31, 2012.
• Authorized the Comptroller of the City of New York to invest the net contributions derived from the Fixed portion of the Tax-Deferred Annuity Program for a three-month period terminating on December 31, 2012.
• Agreed to update existing policies related to the payment of interest on delayed retirement payments and death benefits.

At this meeting, a quorum was present, and the Board took the following actions:

• Approved the Actuary's recommendation for a final Fiscal Year 2012 Employer Contribution to TRS in the amount of $2,673,078,096.
• Approved the Actuary's recommendation for a preliminary Fiscal Year 2013 Employer Contribution to TRS in the amount of $2,673,078,096.
• Adopted the Actuary's recommendation for the Tiers III/IV loan insurance premium rate to be continued at 0.20% of the outstanding loan balances for any loan originating during Fiscal Year 2013.
• Authorized the Comptroller of the City of New York to invest certain portions of the Contingent Reserve Fund, the Pension Reserve Fund, the Annuity Savings Fund, and the Annuity Reserve Fund for a three-month period, terminating on September 30, 2012.
• Authorized the Comptroller of the City of New York to invest the net contributions derived from the Fixed portion of the Tax-Deferred Annuity Program for a three-month period, terminating on September 30, 2012.
• Agreed to renew agreements with the following Investment Managers for the Diversified Equity Fund for a three-year term, expiring on June 30, 2015:
  • Amalgamated Bank (S&P 500 Index)
  • Cardinal Capital Management
  • Cramer, Rosenthal & McGlynn
  • Grantham, Mayo van Otterloo (GMO) (Global TAA)
  • INTECH
  • Martingale Asset Management
  • Mellon Capital (Russell 3000 Index)
  • PIMCO (StocksPLUS)
  • Rainier Investment Management
  • Shapiro Capital Management
  • Sound Shore Management
  • Wellington Management
  • Wellington Management (International)
  • Zazove (Convertibles)
• Agreed to renew its directed brokerage agreements with Muriel Siebert & Co., BNY/Convergex, and Abel Noser Corp. for the for the variable-return Passport Funds for a one-year period, expiring on June 30, 2013.
• Agreed to renew its master custodial agreement with the Bank of New York Mellon for the variable-return Passport Funds on a month-to-month basis starting July 1, 2012. This agreement will be in effect until such time as the contract negotiations with JP Morgan Chase are satisfactorily completed and the transition from BNY/Mellon to Chase is effectuated.

At this meeting, a quorum was present, and the Board took the following action:

• Re-elected Mr. Melvyn Aaronson as Chairperson of the Teachers' Retirement Board for a one-year term of office.
• Approved the Actuary's recommendations for proposed changes in actuarial assumptions and methods for fiscal years beginning on and after July 1, 2011.
• Announced the re-election of Mr. Melvyn Aaronson to the Teachers' Retirement Board for a three-year term of office.
• Adopted the notification of reappointment of Dr. Walter Pizzi to fill a three-year term, which expires on July 31, 2015.

At this meeting, a quorum was present, and the Board took the following actions:

• Authorized the Actuary to utilize the June 30, 2011 New York City Retirement Systems pension census data to determine the postemployment benefit obligations for the City of New York and certain component units of the City for Fiscal Year 2012.
• Authorized the Comptroller of the City of New York to invest certain portions of the Contingent Reserve Fund, the Pension Reserve Fund, the Annuity Savings Fund, and the Annuity Reserve Fund for a three-month period, terminating on June 30, 2012.
• Authorized the Comptroller of the City of New York to invest the net contributions derived from the Fixed portion of the Tax-Deferred Annuity Program for a three-month period terminating on June 30, 2012.
• Authorized the adoption of the proposed Agency budget in the amount of $54,169,138 for Fiscal Year 2013.
• Implemented recommended changes to the structure and investment management of the Bond Fund to support its transition to a market-valued investment vehicle.

At this meeting, a quorum was present, and the Board took the following action:

• Adopted the Finance Committee's recommendation to retain J.P. Morgan Chase Bank to provide master custodial services for the Variable Annuity Programs, effective July 1, 2012.
• The period for the current provision of services by Bank of New York Mellon Trust terminates on June 30, 2012.

At this meeting, a quorum was present, and the Board took the following action:

Agreed to terminate its agreements with Alliance Bernstein for the investment of assets of the International Sector of the Diversified Equity Fund and the International Equity Fund and engage Sprucegrove Investment Management to manage these funds. The target allocations for each investment manager within the International Sector of the Diversified Equity Fund, and the corresponding target allocations for the International Equity Fund, are as follows:

At this meeting, a quorum was present, and took the following action:

• Adopted portions of the New York State Archive's Retention and Disposition Schedule MI-1 for establishing a records retention schedule for TRS.