House Committee on Pensions, Investments, and Financial Services - 87th R.S. (2021)
Committee: | House Pensions, Investments, and Financial Services | |
Title: | Interim Report | |
Subjects: | Bonds | County government | Employees Retirement System of Texas | Foreign investments | Pension Review Board, Texas | Public retirement systems | Russia | Tax evasion | Teacher retirement | Teacher Retirement System of Texas | | |
Library Call Number: | ||
Session: | 87th R.S. (2021) | |
Online version: | View report [44 pages File size: 1,440 kb] | |
Charges: | This report should address the charges below. | |
1. | Monitor the agencies and programs under the Committee's jurisdiction and oversee the implementation of relevant legislation passed by the 87th Legislature. Conduct active oversight of all associated rulemaking and other governmental actions taken to ensure the intended legislative outcome of all legislation, including the following:
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2. | Review and evaluate the actuarial soundness of the Employees Retirement System (ERS) and Teacher Retirement System (TRS) pension funds. | |
3. | Review the Texas Local Fire Fighters Retirement Act to ensure proper governance and financial oversight. Examine whether the Pension Review Board has proper oversight and authority to implement necessary corrective measures. | |
4. | Evaluate the actuarial soundness of the Law Enforcement and Custodial Officer Supplemental Retirement Fund and Judicial Retirement System of Texas Plan 2. Identify strategies to reduce and eliminate existing unfunded liabilities and recommend structural enhancements that improve the financial health and viability of the funds moving forward. | |
5. | Review the impact of investments by public retirement systems of their endowment and other trust funds in businesses and funds owned or controlled by the Russian government or Russian nationals, and determine the need for investment restrictions. Consider the impact of any proposed investment restrictions on fund performance. | |
Supporting documents | ||
Committee: | House Pensions, Investments, and Financial Services | |
Title: | Committee meeting handouts and testimony, March 3, 2021 | |
Library Call Number: | ||
Session: | 87th R.S. (2021) | |
Online version: | View document [75 pages File size: 6,181 kb] | |
Committee: | House Pensions, Investments, and Financial Services | |
Title: | Committee meeting handouts and testimony, March 10, 2021 | |
Library Call Number: | ||
Session: | 87th R.S. (2021) | |
Online version: | View document [127 pages File size: 8,204 kb] | |
Committee: | House Pensions, Investments, and Financial Services | |
Title: | Committee meeting testimony, March 31, 2021 | |
Library Call Number: | ||
Session: | 87th R.S. (2021) | |
Online version: | View document [6 pages File size: 92 kb] | |
Committee: | House Pensions, Investments, and Financial Services | |
Title: | Committee meeting testimony, April 7, 2021 | |
Library Call Number: | ||
Session: | 87th R.S. (2021) | |
Online version: | View document [14 pages File size: 101 kb] | |
Committee: | House Pensions, Investments, and Financial Services | |
Title: | Committee meeting handouts and testimony, June 6, 2022 | |
Library Call Number: | ||
Session: | 87th R.S. (2021) | |
Online version: | View document [64 pages File size: 7,128 kb] | |
Committee: | House Pensions, Investments, and Financial Services | |
Title: | Committee meeting handouts and testimony, August 16, 2022 | |
Library Call Number: | ||
Session: | 87th R.S. (2021) | |
Online version: | View document [66 pages File size: 1,886 kb] | |
Committee: | House Pensions, Investments, and Financial Services | |
Title: | Committee meeting handouts and testimony, August 25, 2022 | |
Library Call Number: | ||
Session: | 87th R.S. (2021) | |
Online version: | View document [68 pages File size: 5,738 kb] |
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