Board meetings, strategic plans, and buyer signals from Holly Carr’s organization
Jun 25, 2026·BoardMeeting
Board
Highway Patrol Retirement System Board Meeting Highlights
The board reviewed the preliminary results of the 2025 Actuarial Valuation and Funding Policy Analysis, approving a cost-of-living adjustment for eligible members, maintaining active member contribution rates, and allocating funding to the health care fund. Legislative initiatives for alternative cost-of-living adjustments were discussed. The board also authorized increases to Pre-Medicare and Medicare Health Reimbursement Allowance (HRA) and surviving spouse benefits following an analysis of post-employment benefits. Furthermore, the board addressed investment portfolio performance, processed retirement applications and survivor benefits, and received an update regarding the status of the external financial audit.
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The committee discussed proposed updates to HPRS policies and procedures, including the separation of policy and procedure documents and minor language revisions. Additionally, the committee received an overview of the Service Credit Reform project and discussed a staff recommendation regarding the management of DROP account balances below a specific threshold, specifically concerning setting minimum active balances and automatic payouts for smaller accounts.
Apr 16, 2026·BoardMeeting
Board
Retirement Board Retirement Board Meeting
The board reviewed and approved updates to the Board Governance Manual. Committee reports were provided regarding health, wellness, and disability matters, health care funding, audit activities, and investment strategies. Staff presented the Quarterly Health Care Fund Report, updates on COLA alternatives, a summary of active and retired member statistics, and a review of the 2024 Disability Experience report. The board formally approved retirement applications and survivor pensions.
Apr 16, 2026·BoardMeeting
Board
Audit Committee Minutes
The Audit Committee discussed and approved the Audit Committee Charter and the 2026 Work Plan. Additionally, the committee reviewed trustee expense reports and confirmed their compliance with HPRS policies.
Extracted from official board minutes, strategic plans, and video transcripts.
