1. Provide consultation on Compensation Policy, design and structure: A. Attend the Teachers’ Retirement Board’s Compensation Committee meetings as requested by the Compensation Committee Chair or Vice Chair. B. Review Compensation Committee materials and provide comments and advice to committee members on the materials and committee agenda items. C. Recommend changes to compensation design, structure and policies based on industry trends or as requested by the committee, including but not limited to: i. Provide independent advice to Compensation Committee members on the labor market benchmarks (compensation comparator groups) and results of salary and incentive studies, incentive program components and policies, and other compensation related studies and research provided by staff and outside compensation consultants. ii. Review incentive criteria, performance metrics and benchmarks and make recommendations for implementation. iii. Conduct and facilitate education sessions with the Compensation Committee on compensation related topics. iv. Provide advice and recommendations for compensation packages for the Chief Executive Officer, Chief Investment Officer and other executive and investment management positions as requested by the Board or the Compensation Committee. v. Review emerging or potential risks related to the compensation program, including an awareness of state budget impacts and union environment, and make recommendations to the Compensation Committee for mitigation.
