TSERS & LGERS Boards of Trustees

Teachers’ and State Employees’ Retirement System Board of Trustees

The Teachers’ and State Employees’ Retirement System (TSERS) provides benefits to all full-time teachers and State employees in all public school systems, universities, departments, institutions, and agencies of the State. The TSERS Board of Trustees is comprised of 13 members, including eight actively working employees or retirees, as well as five public and appointed members who also serve on the Local Governmental Employees’ Retirement System Board.

Local Governmental Employees’ Retirement System Board of Trustees

The Local Governmental Employees’ Retirement System (LGERS) provides benefits to employees of cities, towns, counties, boards, ​commissions, and other entities of local government in North Carolina. Because participation by local governments is voluntary, the operation of LGERS is dependent upon the acceptance and continuing financial support of the governing bodies and employees of local governments. The LGERS Board of Trustees is comprised of 13 members, including eight members representing local governments.

Meetings

The dates of the 2024 regular quarterly meetings of the Boards of Trustees of the Teachers’ and State Employees’ Retirement System and the Local Governmental Employees’ Retirement System are: January 25, April 25, July 25 and October 24.

The meetings will convene at 9:00 a.m. at our offices at 3200 Atlantic Avenue, Raleigh, North Carolina 27604, in the Dogwood Conference Room, unless otherwise indicated below.​

Meeting Archives

 

Meeting Dates/Minutes Board Materials
January 25, 2024

Meeting Recording
 
Agenda

01. TSERS 10/26/23 Minutes
02. LGERS 10/26/23 Minutes
03. Operations Update 01/25/24
04. State ADEC Projections
05. 2024 State Alternatives
06. Local ADEC Projections
07. 2024 Local Alternatives
08. LEO Court Cost Offset
09. 2023  NC Annual Comprehensive Financial Report
10. Reemployment Earnings 2024
11. SFY 2023 GRS Pension and OPEB Report
12. Boards and Commissions Administration Procedure and Abstention and Recusal Form
 

October 26, 2023

Meeting Recording

TSERS Minutes

LGERS Minutes

Agenda

1. TSERS 7/27/23 Minutes 
2. LGERS 7/27/23 Minutes
3. Dirk German Resolution
4. Operations Update
5. Actuarial Overview
6. 2022 Actuarial Valuation – TSERS
7. 2022 Actuarial Valuation – CJRS
8. 2022 Actuarial Valuation – LRS
9. 2022 Actuarial Valuation – DIPNC
10. 2022 Actuarial Valuation – NCNGPF
11. 2022 Actuarial Valuation – LGERS
12. 2022 Actuarial Valuation – RODSPF
13. 2022 Actuarial Valuation – FRSWPF
14. 2022 Actuarial Valuation – DBP
15. Summary of Session Law 2023-105 and Administrative Rule Proposal
16. Proposed Rule Text Regarding House Bill
17. Session Law 2023-105
18. CBBC 2024 Threshold Memo
19. Boards and Commissions Administration Procedure and Abstention & Recusal Form
20. 2023 Legislative Memo
21. 2022 Actuarial Process and Glossary
 

July 27, 2023

Meeting Recording

TSERS Minutes

LGERS Minutes
 

Agenda

  1. TSERS BOT Minutes - April 27, 2023
  2. LGERS BOT Minutes - April 27, 2023
  3. Operations Update
  4. F&R Status & Needs Report
  5. Summary of LGERS Surety Administrative Rules Proposal
  6. Approved Fiscal Note and Rule Text Surety Rules
  7. 20 NCAC 02C .210 Definitions
  8. 20 NCAC 02C .0211 Surety for Non-Taxing Authority Participation
  9. Supplemental Voluntary Insurance Rebates Memo
  10. LEIA Memo
  11. Inactive Employer Update

April 27, 2023

Meeting Recording

TSERS Minutes

LGERS Minutes

Agenda

  1. TSERS Draft Minutes - Jan. 26, 2023
  2. LGERS Draft Minutes - Jan. 26, 2023
  3. Resolution for Linda Gunter
  4. Operations Update
  5. Summary of Local Unit Applications
  6. Annual Report on Supplemental Insurance Memo
  7. Inactive Employers Annual Report to State & Local Boards
  8. Contributory Death Benefit Summary
  9. LGERS Employer Contribution Rates
  10. Tax Withholding FAQ
  11. GASB Actuarial Audit Phase 2 Report

January 26, 2023

Meeting Recording

TSERS Minutes

LGERS Minutes

Agenda

  1. LGERS Cover Page with SEI Evaluation
  2. TSERS Cover Page with SEI Evaluation
  3. Pat Hurley Appointment Letter dated July 14, 2022
  4. Draft TSERS Board Meeting Minutes - Oct. 27, 2022
  5. Draft LGERS Board Meeting Minutes - Oct. 27, 2022
  6. Greg Patterson Resolution
  7. RSD Operations Update
  8. Buck TSERS Projections
  9. State Alternatives
  10. Buck LGERS Projections
  11. Local Alternatives
  12. Summary of LGERS Surety Administrative Rules Proposal
  13. Proposed Administrative Rules Text and Impact Analysis
  14. Session Law 2022-70
  15. LEO Court Cost Offset Memo for FY2023
  16. CDBP Study Buck Updates
  17. GASB Actuarial Audit Phase I
  18. North Carolina Annual Comprehensive Financial Report
  19. Reemployment Earnings 2023
  20. TSERS July 28, 2022 Minutes with Additional Detail Requested

 

Firefighters' & Rescue Squad Workers' Pension Fund Advisory Panel

The Firefighters’ and Rescue Squad Workers’ Pension Fund provides a set amount retirement benefit to paid and volunteer firefighters and rescue squad workers in the state. The Advisory Panel to the Firefighters’ and Rescue Squad Workers’ Pension Fund is comprised of seven members, who are paid or volunteer members within the Fund and are appointed by the Local Governmental Employees’ Retirement System Board of Trustees.

Legislation passed in 2013 created this Advisory Panel as an extension to the Local Governmental Employees’ Retirement System. The Advisory Panel meets at least annually to discuss the status and needs of the Fire and Rescue Pension Fund, and reports its findings to the Board of Trustees of the Local Governmental Employees’ Retirement System.

Meeting Date/Minutes Meeting Materials
June 21, 2023
 

Agenda

  1. Operations Update
  2. Status & Needs Memo 2022
  3. 2021 FRSWPF Valuation Report

Email the Fire & Rescue Advisory Panel: Specialty.Plans@nctreasurer.com

Meet the TSERS Board Members

State Treas​​urer Dale R. Folwell, CPA, Chair - TSERS and LGERS Boards
Appt. By/Rep.: Ex Officio 
Exp. Date: Indefinite
Lentz Brewer - TSERS and LGERS Boards
Appt. By/Rep.: President Pro tempore/General Public
Appointed: Aug. 8, 2013
Exp Date: June 30, 2021
John Ebbighausen​
Appt. By/Rep.: Governor/National Guard 
Appointed: Feb. 7, 2018
Exp.: June 30, 2021
Vernon Gammon -TSERS and LGERS Boards
Appt. By/Rep.: Governor/General Public
Appointed: ​Feb. 9, 2018
Exp. Date: March 31, 2021
Barbara ​Gibson
Appt. By/Rep:​ Ex Officio/OSHR Director
Appointed: Jan. 1, 2017
Exp. Date: Indefinite
Oliver Holley
Appt. By/Rep.: Governor/Active Teacher
Appointed: ​Feb. 7, 2018
Exp. Date: June 30, 2021
Pat Hurley Photo
Pat Hurley - TSERS and LGERS Boards
Appt. By/Rep.: Speaker of House/General Public 
Appointed: ​​Jan. 15, 2023
Exp. Date: June 30, 2023
Margaret Reader
Appt. By/Rep: Governor/Active State Employee
Appointed: July 10, 2017
Exp. Date: March 31, 2021
Joshua Smith
Appt. By/Rep.: Governor/General Public
Appointed: July 10, 2017
Exp. Date: March 31, 2021
Superintendent Catherine Truitt - TSERS and LGERS Boards
Appt. By/Rep.: Ex Officio
Appointed: Jan. 1, 2021
Exp. Date: Dec. 31, 2024
Jeffrey Winstead
Appt. By/Rep.: Governor/ Retired State Employee
Appointed: June 10, 2017
Exp. Date: June 30, 2021

Meet the LGERS Board Members

State Treas​​urer Dale R. Folwell, CPA, Chair - TSERS and LGERS Boards
Appt. By/Rep.: Ex Officio 
Exp. Date: Indefinite
Clee Atkinson
Appt. By/Rep: Governor/Local Law Enforcement Officer
Appointed: Dec. 17, 2018
Exp. Date: March 31, 2024
Lentz Brewer - TSERS and LGERS Boards
Appt. By/Rep.: President Pro tempore/General Public
Appointed: Aug. 8, 2013
Exp. Date: June 30, 2021
Tony Brown
Appt. By/Rep.: Governor/Active County Manager
Appointed: July 10, 2020
Exp. Date: March 31, 2024
Homer Dearmin
Appt. By/Rep.:  Governor /Active City Manager
Appointed: July 17, 2020
Exp. Date: March 31, 2024
Vernon Gammon -TSERS and LGERS Boards
Appt. By/Rep.: Governor/General Public
Appointed: ​Feb. 9, 2018
Exp. Date: March 31, 2021
Kevin Gordon
Appt. By/Rep.: Governor/Firefighter
Appointed: Sept. 5, 2013
Exp. Date: March 31, 2024​
Brenda Howerton
Appt. By/Rep.: Governor/County Commissioner
Appointed: April 1, 2016
Exp. Date:  March 31, 2024
Pat Hurley Photo
Pat Hurley - TSERS and LGERS Boards
Appt. By/Rep.: Speaker of House/General Public 
Appointed: ​​Jan. 15, 2023
Exp. Date: June 30, 2023
Jeffrey Morse Photo
Jeff Morse
Appt. By/Rep.:   Governor/Retired Local Government Employee
Appointed: July 13, 2020
Exp. Date: March 31, 2024
Melody Reagan
Appt. By/Rep.:  Governor /Active Local Government Employee
Appointed: July 17, 2020
Exp. Date: March 31, 2024
Superintendent Catherine Truitt - TSERS and LGERS Boards
Appt. By/Rep.: Ex Officio
Appointed: Jan. 1, 2021
Exp. Date: Dec. 31, 2024
Mayor Nancy Vaughan
Appt. By/Rep.:   Governor Roy Cooper
Appointed: July 14, 2022
Exp. Date: March 31, 2024

Meet the Fire & Rescue Pension Fund Advisory Panel Members

Thomas G. Causey, Chair
Appt. By/Rep.: Ex Officio 
Exp. Date: Indefinite
Walter Beroth 
Appt. by/Rep.: LGERS Board/General Public
Appointed: April 26, 2018
Exp. Date: Jan. 16, 2026
Dean Coward 
Appt. by/Rep.: LGERS Board/Volunteer Firefighter
Appointed: Jan. 16, 2014
Exp. Date: Jan. 16, 2026
Kevin Gordon
Appt. by/Rep.: LGERS Board/Paid Firefighter
Appointed: Jan. 16, 2014
Exp. Date: Jan. 16, 2026
Debra Poe
Appt. by/Rep.: LGERS Board/Volunteer Rescue Squad Worker
Appointed: Jan. 16, 2014
Exp. Date: Jan. 16, 2026
Gary Whitman
Appt. by/Rep.: LGERS Board/Paid Rescue Squad Worker
Appointed: Jan. 16, 2014
Exp. Date: Jan. 16, 2026
Mike Williams
Appt. by/Rep: State Insurance Commissioner representative
Exp. Date: Indefinite