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Archive October 2018

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PRB Chair: Pooled assets legislation not likely in 2019 session

  • By: admin
  • On: 10/17/2018 09:19:09
  • In: News
  • Comments: 0
Texas Pension Review Board Chairman Josh McGee backed down from committing to a legislative effort to enable or require asset pooling for small pension systems. His comments, made at the tail end of the Oct. 4 PRB meeting, recognized concerns from TEXPERS Board President Paul Brown and board member David Stacy. 

PRB Study of Asset Pooling Delayed Due to Staff Member's Resignation

  • By: admin
  • On: 10/03/2018 10:45:42
  • In: News
  • Comments: 0
The Pension Review Board’s Actuarial Committee postponed the agency’s three-year effort to study the feasibility of asset pooling for smaller pension systems. Anumeha Kumar, the PRB’s executive director, told the committee at its Sept. 13 meeting in Austin that the resignation of a staff member would further delay the project.

So, you received a Public Information Act Request. Now What?

Is an investigative journalist, armed with a Texas Public Information Act request, headed your way? Quite possibly. The act allows for the full or partial disclosure of previously unreleased information and documents controlled by state and local governmental entities.

Legislative provisions viewed as harmful to public pensions left out of U.S. tax reform package

  • By: admin
  • On: 10/03/2018 10:37:10
  • In: News
  • Comments: 0
The U.S. House Ways and Means Committee's new tax reform package of legislation does not contain provisions that would have imposed what TEXPERS and other retirement groups viewed to be unnecessary and unfunded federal mandates harmful to local and state public pensions.