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2 Document(s) [ Subject: Texas Municipal Retirement System ]
| Committee: | House Pensions | |
| Title: | Interim Report | |
| Subjects: | Employees Retirement System of Texas | Health insurance | Pension liabilities | Public retirement systems | State employee early retirement programs | Teacher Retirement System of Texas | Texas County and District Retirement System | Texas Municipal Retirement System | | |
| Library Call Number: | L1836.85 P387 | |
| Session: | 85th R.S. (2017) | |
| Online version: | View report [46 pages] | |
| Charges: | This report should address the charges below. | |
| 1. | Review the state's oversight of pension systems and study the effectiveness of corrective mechanisms, including the Funding Soundness Restoration Plan and Pension Review Board Funding Guidelines. Make recommendations to enhance state oversight and to maintain or achieve soundness among local pension systems. | |
| 2. | Evaluate the governance structures, including investment oversight, of the Employee Retirement System (ERS), Teacher Retirement System (TRS), Texas Municipal Retirement System, Texas County and District Retirement System, and Texas Emergency Services Retirement System. Identify best practices and make recommendations to strengthen oversight within the systems. | |
| 3. | Review and evaluate health incentive programs within the group benefit programs at ERS and TRS. Identify best practices among similar programs and barriers to implementation. Make recommendations for achieving further savings through existing and/or new programs. | |
| 4. | Monitor the agencies and programs under the Committee’s jurisdiction and oversee the implementation of relevant legislation passed by the 85th Legislature. | |
| Committee: | House Pensions and Investments | |
| Title: | Interim Report | |
| Subjects: | Employees Retirement System of Texas | Houston Municipal Employees Pension System | Peace officers | Pension liabilities | Prescription drug costs | Prescription drugs | Public retirement systems | Retire/Rehire | Teacher Retirement System of Texas | Texas Municipal Retirement System | | |
| Library Call Number: | L1836.80 P387 | |
| Session: | 80th R.S. (2007) | |
| Online version: | View report [64 pages File size: 12,741 kb] | |
| Charges: | This report should address the charges below. | |
| 1. | 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. | |
| 2. | Explore options for funding other post-employment benefits, and examine strategies employed by other governmental entities in addressing these obligations. | |
| 3. | 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. | |
| 4. | Analyze the impact of allowing a retiree to return to work in the Texas Municipal Retirement System. | |
| 5. | 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. | |
| 6. | 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. | |
| 7. | 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.) | |
| 8. | 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.) | |
| 9. | Monitor the agencies and programs under the committee's jurisdiction. | |
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