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 2025 meeting dates are: January 30, April 24, July 31 and October 30

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
Jul 25, 2024, 9:00 AM – 12:00 PM

Join the meeting from your computer,
tablet, or smartphone.
https://meet.goto.com/427522461

You can also dial in using your phone.
Access Code: 427-522-461
United States: +1 (408) 650-3123


For Public Comments, email patti.hall@nctreasurer.com

Agenda

01. LGERS SEI Packet
02. Notice of Appointment
03. Notice of Reappointments
04. TSERS 4.25.24 Minutes
05. LGERS 4.25.24 Minutes
06. Resolutions of Appreciation of Service
07. Operations Update
08. CEM 2023 Pension Administration Benchmark Report - North Carolina
09. FR Status & Needs Report
10. Fire Rescue Advisory Panel Member Appointment
11. Local Unit Application-Swain County Tourism Development Authority
12. Supplemental Voluntary Insurance Rebates
13. Aspire Trade High School
14. TSERS Stress Testing Report
15. LEIA Annual Report
16. LEIA Determination
17. FYE 2023 CEM Benchmarking Analysis
 

April 25, 2024

Meeting Recording
Agenda

01. LGERS Cover Page wSEI Evaluations
02. TSERS Cover Page wSEI Evaluations
03. TSERS 1.25.24 Minutes
04. LGERS 1.25.24 Minutes
05. Operations Update BOT April 2024
06. 2024 Summary of Local Unit Applications
07. Annual Report on Supplemental Insurance Memo
08. Inactive Employers Annual Report to State & Local Board
09. Summary of Final Text of Administrative Rules concerning Session Law 2023-105
10. 20 NCAC 02B .0215 TSERS Overpayment Safe Harbor
11. 20 NCAC 02O .0104 Short-term Disability and Extended Short-term Disability Approvals
12. 20 NCAC 02O .0105 Short-term Disability Notification Date
13. 20 NCAC 02O .0106 Extended Short-term Disability Application Date
14. 20 NCAC 02C .0212 LGERS Overpayment Safe Harbor
15. Summary of 2024 Administrative Rules Proposal
16. Proposal of Administrative Rule 20 NCAC 02C .0505  LGERS Disability Retirement Reexamination
17. Proposal of Change to Administrative Rules 20 NCAC 02B .0401 and 20 NCAC 02C .0403  TSERS and LGERS Refunds
18. Proposal of Administrative Rules 20 NCAC 02B .0216 and 20 NCAC 02C .0213  TSERS and LGERS Inactive Employer Extension Request
19. LGERS Employer Contribution Rates
20. Actuarial Review by GRS
21. Draft Investment Report
22. NCNGPF SCRSP Amended
 
January 25, 2024

Meeting Recording

TSERS Minutes

LGERS Minutes
 
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
 

 

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.

June 5, 2024 meeting materials

Previous meeting archives

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
Benjamin Bobzein
Benjamin Bobzein
Appt. By/Rep.: Governor/Firefighter
Appointed: May 1, 2024
Exp. Date: March 31, 2028​
Lentz Brewer - TSERS and LGERS Boards
Appt. By/Rep.: President Pro tempore/General Public
Appointed: Aug. 8, 2013
Exp. Date: June 30, 2021
Matthew Calabria
Appt. By/Rep.: Governor/County Commissioner
Appointed: May 14, 2024
Exp. Date:  March 31, 2028
Homer Dearmin
Appt. By/Rep.:  Governor /Active City Manager
Appointed: July 17, 2020
Exp. Date: March 31, 2028
Vernon Gammon -TSERS and LGERS Boards
Appt. By/Rep.: Governor/General Public
Appointed: ​Feb. 9, 2018
Exp. Date: March 31, 2025
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, 2028
Avril Pinder
Avril Pinder
Appt. By/Rep.: Governor/Active County Manager
Appointed: April 29, 2024
Exp. Date: March 31, 2028
Melody Reagan
Appt. By/Rep.: Governor/County Commissioner
Appointed: July 17, 2020
Exp. Date:  March 31, 2028
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, 2028
Wilson S. Weaver
Appt. By/Rep.: Governor/County Commissioner
Appointed: May 31, 2024
Exp. Date:  March 31, 2028

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