Paul Brown, of Big Spring Firemen's Relief and Retirement Fund, continues as TEXPERS' board's president. As president, Brown directs the association's dealings as authorized by the board and presides over trustee meetings. He was elected to the TEXPERS board in 1996 and went on to serve as second vice president, first vice president, and president. He resigned in 2010 but returned to the board in 2014 when he was also elected as the board's president. He has served the board for a total of 19 years.
After more than 10 years as the executive director of the Texas Association of Public Employee Retirement Systems, Max Patterson is retiring. He announced his upcoming retirement during TEXPERS' annual membership business meeting, held April 15. The business meeting took place during the association's yearly conference, which was held this year on South Padre Island April 15-18.
The Pension Review Board advisory committee tasked with making a list of new principles for benefit plan features continued their wordsmithing effort in late April. Committee members Keith Brainard, Stephanie Leibe and Josh McGee reviewed public comments by state and local systems, adopting a view of “sharing” as implying benefit cuts.