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Task force recommends ORP advisory board to give non‑TRSL members a formal voice
Summary
The HR 169 Task Force proposed creating an ORP advisory board to provide a formal comment channel for ORP participants, with options for system representation, eligibility requirements, and an eventual push for a voting seat on the TRSL board (which would require a statutory change).
The HR 169 Task Force on Dec. 5 recommended creating an advisory board to represent Optional Retirement Plan (ORP) participants and provide an official comment period to the Teachers’ Retirement System (TRSL).
Task force members described the advisory board as a first step to address long‑standing representation gaps for ORP participants, who the group estimated number more than 6,000. Discussion focused on a compact, representative body—members proposed caps ranging from about five up to roughly 10 seats—with representation drawn from university systems (faculty and non‑faculty), K–12 where relevant, and an appointed rotating seat for the Board of Regents. Selection methods considered included elections run by systems or appointments coordinated through system presidents.
Members emphasized two linked recommendations: (1) establish a non‑voting ORP advisory board to begin communicating concerns and advising TRSL on vendor and communication issues, and (2) split out a separate, longer‑term recommendation that the advisory board seek a voting seat on TRSL, noting that adding a voting seat would require a statutory change.
The task force debated eligibility criteria for advisory members (examples suggested: minimum years in ORP such as seven or 10, active status rather than former participants) and term lengths (two‑year terms were floated as a starting point). Members also discussed practical guardrails to avoid the advisory body becoming purely a complaints forum—proposed approaches included vetting nominees, limiting initial membership size, and requiring a minimum time in ORP to ensure members have a stake.
The group agreed the advisory board should be formed ahead of the next vendor selection cycle so it could advise on outreach and vendor evaluation. The task force instructed staff to draft report language describing the advisory board’s composition and responsibilities and to circulate a draft report prior to the next meeting.
The recommendation will appear in the draft task force report and move forward for further review and potential referral to House Retirement for any legislative steps.
