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House Committee on Pensions and Investments - 80th R.S. (2007)

Committee Members
Vicki Truitt, Chair
Mike Villarreal, Vice Chair
Ruth Jones McClendon, Chair - Budget & Oversight
Dan Barrett
Lon Burnam
Jim Keffer
Nathan Macias
Eddie Rodriguez
Charges
• Evaluate the possibility of requiring the state and employee contribution rate to meet the annually required contribution for the statewide retirement funds each biennium in order to prevent unfunded liabilities.
• Explore options for funding other post-employment benefits, and examine strategies employed by other governmental entities in addressing these obligations.
• Study the impact of actuaries on public pension plans, and evaluate the need for legislation to ensure appropriate actuarial assumptions, actuarial audits or regulation of actuaries contracting with state pension plans.
• Analyze the impact of allowing a retiree to return to work in the Texas Municipal Retirement System.
• Assess the representational proportion of each of the stakeholder groups, eligibility requirements, qualifications, and selection and election procedures of the board of trustees of the retirement systems.
• Examine eligibility criteria for membership and possible inclusion of additional employees in the Law Enforcement and Custodial Officers Supplemental Retirement Fund (LECOSRF). Evaluate the effect of diversion of funds from the auto registration fee on the unfunded liability of the LECOSRF, and explore the possibility of creating a similar supplemental retirement program as part of the Teacher Retirement System of Texas for those members performing law enforcement duties.
• Evaluate and make recommendations, if necessary, regarding state contracts with pharmacy benefit managers. Assess the feasibility of combining prescription drug programs of state health insurance programs. All recommendations should take into consideration any budgetary impacts. (Joint Interim Charge with the House Committee on Government Reform.)
• Examine the operation of the Houston Municipal Employees Pension System, its Board of Trustees and staff. (Joint Interim Charge with the House Committee on Urban Affairs.)
• Monitor the agencies and programs under the committee's jurisdiction.

Note:
Nathan Macias removed pursuant to Rule 4, Section 4, which prohibits a member from serving concurrently on more than two standing substantive committees, (Letter, Tom Craddick, September 12, 2007.)
Charges issued by the Speaker November 28, 2007.

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