Executive Office for Administration and Finance             

                      Massachusetts Teachers' Retirement Board                 

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                                                                       Projected   Recommended

                                                                            FY95          FY96



 Budgetary Direct Appropriations              





 TEACHERS' RETIREMENT SYSTEM ADMINISTRATION                       

 1108-4010 For the administration of the teachers' retirement          1,556,381     1,666,406

           system; provided, that the General Fund shall be       

           reimbursed for the amount of this appropriation        

           pursuant to clause (iv) of subdivision (6) of section  

           twenty-two of chapter thirty-two of the General Laws,  

           as amended by chapter one hundred and thirty-three of  

           the acts of nineteen hundred and ninety-four           





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