TRS 2011 Comprehensive Annual Financial Report

TEACHER RETIREMENT SYSTEM OF TEXAS COMPREHENSIVE ANNUAL FINANCIAL REPORT 2011
Board of Trustees
R. David Kelly
(Chair)
Managing Partner, Straight
Line Realty Partners, Plano
Direct appointment of
the governor
Term expires 2011
Linus D. Wright
(Vice Chair)
Retired educator and
administrator, Dallas
Retiree position
Term expires 2011
Todd Barth
President, Bowers
Properties Inc., Houston
Direct appointment of
the governor
Term expires 2015
Charlotte Clifton
Teacher, Snyder ISD
Snyder
Active public
education position
Term expires 2013
Robert P. Gauntt
Partner, Avalon
Advisors L.P., Houston
Direct appointment of
the governor
Term expires 2013
Eric C. McDonald
Owner and CIO, McDonald
Capital Management
Lubbock
Position nominated by the
State Board of Education
Term expires 2013
Christopher Moss
Vice President
The Advanced Financial
Group, Lufkin
Position nominated by the
State Board of Education
Term expires 2015
Philip Mullins
Power Plant Operator
University of Texas
Austin
Higher education position
Term expires 2011
Nanette Sissney
Counselor
Whitesboro ISD
Whitesboro
Active public education
position
Term expires 2015
The TRS Board of Trustees is responsible for administration of the system under provisions of the state constitution and
laws. The board is comprised of nine trustees, all of whom are appointed by the governor to staggered six-year terms.
Three trustees are direct appointments of the governor. Two trustees are appointed from a list prepared by the State
Board of Education. Two trustees are appointed from the three public school district active member candidates who
have been nominated for each position by employees of public school districts. One trustee is appointed from the three
higher education active member candidates nominated by employees of institutions of higher education. One trustee
is appointed from the three retired member candidates who are nominated by TRS retirees. Appointments are subject
to confirmation by the Senate. Board member terms expire August 31 of odd numbered years.
In August 2011, Governor Perry reappointed R. David Kelly of Plano as board chair for a term ending August 31, 2017.
He also appointed two new trustees to six-year terms ending August 31, 2017 – T. Karen Charleston of Houston (replacing
Philip Mullins) and Anita Palmer of Wichita Falls (replacing Linus D. Wright). In addition, Joe Colonnetta of Dallas
was appointed by Governor Perry to fill the position formerly held by Robert P. Gauntt who resigned from the board in
August 2011.
INTRODUCTORY SECTION
3