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1 Document(s) [ Subject: Securities Board, State ]

• Committee:

  House Pensions and Investments, 76th R.S. (1999)

  Title:

  Interim Report

  Document type:

  Report

  Subjects:

  Employees Retirement System of Texas | Public retirement systems | Securities Board, State | State comparisons | State employee turnover | State employees | Teacher Retirement System of Texas | Teacher shortages |

  Library Call Number:

  L1836.76 p387

  Description:

  [79 pages  File size: 162 kb]

  Charges:

  1. Review the adequacy of the state's monitoring of local retirement systems.
  2. Evaluate the pros and cons of defined contribution retirement plans that do not guarantee members any specific level of benefits upon retirement. Plans adopted in other jurisdictions should be considered and compared with Texas' state plans in regard to their ability to provide security to retirees, cost, and fairness to diverse employee groups.
  3. Consider a general policy for the state regarding the re-employment of people who have retired under a state retirement plan.
  4. Review the need for multiple cash and reduced annuity options such as lump sum and "DROP" plans.
  5. Conduct active oversight of the agencies under the committee's jurisdiction.

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