PRB Posts Draft Rule Language and Board Policy Related to Funding Soundness Restoration Plans

The Texas Pension Review Board has posted the draft rule language and board policy related to Funding Soundness Restoration Plans to the state agency's website. 

The draft rule language is available here, and the draft board policy is here

The PRB's Actuarial Committee will be discussing these drafts during its meeting at 10 a.m. CT on Wednesday, May 18, 2022. Visit the PRB website for more details on the meeting. The full meeting packet will be released before the meeting.

The public may request a Zoom link to provide comments during the board meeting virtually by preregistering here no later than 5 p.m. on May 17, 2022. After registering, a confirmation email will be sent containing information about joining the meeting. Attendees are requested to mute their connections when not addressing the board members. Meeting attendees can provide comments in person by attending the meeting.

This draft language is subject to change based on committee discussion, stakeholder feedback, and consultation with an attorney, according to a notice from the PRB.

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