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Brief Finds State and Local Pensions Should Stabilize Debt as Share of Economy Instead of Fully Funding Them

The author of a new brief from the Center for Retirement Research at Boston College finds that state and local pension plans should focus on stabilizing their pension debt as a share of the economy rather than full funding. The alternative of fully prefunding state and local pensions to maintain fiscal sustainability will mean big contribution hikes. 

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Bill Impacting Public Retirement System Investing Agents Placed on the Senate Calendar

There is a bill on the Texas Senate Calendar for April 19 that relates to the fiduciary responsibilities of the governing bodies of public retirement systems in the state and their investment managers and proxy advisors.

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House Pensions & Investments Committee to Host Public Hearing at 8 a.m. on April 12

The Texas House Committee on Pensions, Investments and Financial Services is holding a public hearing at 8 a.m. Wednesday, April 12 in E2.014 of the Capitol Building. 

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We've Sold Out of Our Conference Hotel Block Rooms

We've sold out of our room block at the Austin Marriott Downtown, the official hotel venue for the TEXPERS' 2023 Annual Conference, April 2-5 in Austin, Texas!

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Fulfill State-mandated Educational Requirement Through TEXPERS Courses

TEXPERS is holding Basic and Advanced training on Saturday, April 1, 2023, at the Austin Marriott Downtown, 304 E. Cesar Chavez St.

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How to Take Conference Notes

When you attend a pensions and investment conference, taking notes can be invaluable. Jotting down notes will help you remember topics and ideas for managing the secure retirement of your fund's annuitants.

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Texas Governor Touts Economy, Outlines Priorities During State of the State Address

State and local government public pensions weren't among Gov. Greg Abbot's State of the State address on Feb. 16; however, he did discuss the importance of the public education system in Texas, touted previous increases to teacher pay, and said the current legislative session could do even more for the educational system and teachers. 

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House Speaker Names Chair of Pensions, Investments & Financial Services Committee

Texas House Speaker Dade Phelan announced committee assignments on Feb. 8, naming Rep. Giovanni Capriglione, R-Keller, chair of the Committee on Pensions, Investments & Financial Services.

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Mail Carriers Receive Some Love on Feb. 4 in the U.S.

On Saturday, Feb. 4, a specific group of U.S. Postal Service workers will get some much-needed love. 

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Pension Review Board Creates New Website for Minimum Educational Training

The Pension Review Board recently launched a new Minimum Educational Training website, according to a memo the state agency distributed to Texas public pension trustees and administrators on Jan. 9. 

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Texas Legislators End Frist Day of 88th Legislative Session

UPDATE 1/10/23 - Texas' 88th legislative session adjourned on Jan. 10 after completing opening ceremonies during which Gov. Greg Abbott congratulated newly elected and re-elected members of the House and Senate as well as Rep. Dade Phelan, R-Beaumont, who was reelected today as House Speaker for the session.

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Poverty Increased Among Seniors in 2021

People 65 and older experienced an increase in poverty in 2021, according to the official poverty measure from the U.S. Census Bureau. The Bureau recently highlighted data from its Poverty in the United States: 2021 report originally released in September 2022 as the nation prepares to observe Poverty Awareness Month in the United States this January 2023.

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Spending Bill Vote Likely to Push Through Secure Act 2.0 Before Christmas

Legislation that includes retirement provisions affecting public safety employees and state and local government retirement plans is nearing passage on Capitol Hill as part of an end-of-year omnibus spending bill. 

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Actuarial Valuation Report, Funding Soundness Restoration Plan on Agenda for Dec. 8 PRB Meeting

At 10 a.m. CST on Thursday, Dec. 8, the Texas Pension Review Board will meet to review the actuarial soundness and compliance of state and local government public retirement systems. Those interested in managing public employee pension systems may attend in person or via videoconference. 

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921 Bills Prefilled for Texas' 88th Legislative Session

Nov. 14 was the first day of bill prefiling for Texas' upcoming 88th Legislative Session, and 921 bills and resolutions were filed (646 House bills and 198 Senate bills). 

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Texas Pension Review Board Meets Thursday, Oct. 6 in Austin; Remote Participation Available

The Texas Pension Review Board meets at 10 a.m. CT on Thursday, Oct. 6, 2022, in Austin at the Capitol Extension, Room E2.028, located at 1100 Congress Avenue

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Taking These Online Classes Will Make Your Fund More Data-Savvy

In striving to seek and secure the best investments and services for their membership, public retirement system administrators and staff often look for demographic and economic data to highlight in various reports. 

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Practical Decisions Require Research

There's a lot of research out there, especially regarding retirement, pensions, and investment management. And it seems everyone conducts and publishes it in some form - books, briefs, multi-page reports.

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TEXPERS Hosts RFP List Making it Easy for Vendors to Find Proposals

TEXPERS has a section on its website where it publishes requests for proposals, those public documents that announce a project and invite proposals from service providers. 

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Leaders Aren't Born, They're Made

Administrators and trustees of public retirement systems must act in the best interests of their beneficiaries, exercise good faith in their duties, seek professional services, and supervise those to whom functions are assigned. To put it simply - you're a leader. 

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