LRL Home - Committees - Committee overview
Committee Members
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Jim Murphy, Chair
Hubert Vo, Vice Chair Giovanni Capriglione Dan Flynn Gary Gates Barbara Gervin-Hawkins |
Roland Gutierrez
Stan Lambert Jeff Leach Oscar Longoria Phil Stephenson Gene Wu |
Charges
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Monitor the agencies and programs under the Committee's jurisdiction and oversee the implementation of relevant legislation passed by the 86th Legislature. Conduct active oversight of all associated rulemaking and other governmental actions taken to ensure intended legislative outcome of all legislation, including the following:
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• Monitor the Teacher Retirement System's (TRS) actions in implementing high deductible regional plans for certain school districts interested in providing alternatives to the current TRS Active Care options. | |
• Study pension plan and personal retirement savings options for small businesses in order to be competitive with state and larger employers. | |
• Review and evaluate the actuarial soundness of the Employees Retirement System and TRSpension funds. Examine the cost of and potential strategies for achieving and maintaining the actuarial soundness of the funds. Examine the effect the unfunded liabilities could have on the state's credit. Examine the state's investment policies and practices, including investment objectives, targets, disclosure policies, and transparency. (Joint charge with the House Committee on Appropriations) | |
• Monitor the State Auditor's review of agencies and programs under the Committee's jurisdiction. The Chair shall seek input and periodic briefings on completed audits for the 2019 and 2020 fiscal years and bring forth pertinent issues for full committee consideration. | |
Note:
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