For Immediate Release
Contact Joe Gimenez, 713.478.8034
August 23, 2011
HOUSTON (August 23, 2011) - The Texas Association of Public Employee Retirement Systems (TEXPERS) in the second week of August concluded its Annual Summer Educational Forum, titled "Understanding Volatility & Its Global Impact," while the Dow Jones Industrial Average tossed and turned from 600 point losses to 500 point gains after Standard & Poor’s downgraded U.S. government debt and rocked world financial markets.
The conference gathered over 195 representatives from local public employee pension systems across Texas to receive training on pension benefit administration and investment opportunities. More than 160 investment professionals attended as well, to share ideas on opportunities and risk diversification.
TEXPERS promotes quality pension management through its summer educational forum and its annual spring conference. By attending, members access a vast network of investment and pension administration expertise offered by an assortment of professionals. The forums serve as information exchanges and anchor the process for equipping pension Board Trustees, administrators, staff and members of the Texas public pension community with the background they need to keep local pensions performing at the high levels they do.
In addition, the conferences are part of TEXPERS fiduciary education program for plan members. TEXPERS’ three-part Certified Trustee Training Program (CTT) provides pension trustees and related personnel with in-depth education on subjects covering fiduciary duties, governance, investment terms and practices, ethics, actuarial matters and legal matters.
"High performing public employee pension systems in Texas usually have several Board members who have completed our training courses," said Max Patterson, the executive director of TEXPERS. "We salute pension trustees who take time from their personal lives to dedicate themselves to learning about investments and pension administration. They deliver valuable services to their members and truly execute their role as fiduciary for their active and retired members."
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The Texas Association of Public Employee Retirement Systems (TEXPERS) is a statewide voluntary nonprofit association that provides education and advocacy services to the Trustees, administrators, professional service providers and employee groups that manage the retirement money of police, firefighters, municipal and district employees in cities across Texas. Today, TEXPERS' member systems represent approximately 300,000 active and retired participants and over $22 billion in assets. Learn more at www.TEXPERS.org or www.TEXPERS.blogspot.com.