The Board advises the Employe Trust Funds Board and the Department of Employe Trust Funds on matters affecting teacher retirement. It recommends amendments to and approves or rejects proposed administrative rules relating to teachers. The Teachers Retirement Board also selects a teacher to serve on the State of Wisconsin Investment Board, which is responsible for the investment of the Trust Funds. Four Teacher Retirement Board members are chosen by the Board or by statute to serve on the Employe Trust Funds Board. The Board also authorizes and terminates payment of teacher disability benefits and decides teacher appeals regarding disability annuities.
Board members attend a minimum of four meetings a year.