Interim charges announced for House Committee on Pensions
Rep. Dan Flynn, R-Canton, continues to head the state House of Representative's Committee on Pensions. Flynn is among those named to the committee in the recently released Interim Committee Charges document released by House Speaker Joe Straus' office in October.
A charge is made up of people delegated to consider, investigate, take action or report on assigned matters. Rep. Roberto Alonzo, D-Dallas, is vice chairman of the committee. Rounding out the seven-member committee are Rep Anchia Rafael, D-Dallas; Rep. Cole Hefner, R-Mount Pleasant; Rep. Dan Huberty, R-Houston, Rep. Dennis Paul, R-Webster; and Rep. Justin Rodriguez, D-San Antonio.
The House Committee on Pensions reviews the state's oversight of pension systems and studying the effectiveness of corrective mechanisms, including the Funding Soundness Restoration Plan and Pension Review Board Funding Guidelines. The committee also is tasked with making recommendations to enhance state oversight and to maintain or achieve soundness among local pension systems, according to a charges document released last month.
The committee will also:
- Evaluate the governance structures, including investment oversight, of the Employee Retirement System, Teacher Retirement System, 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.
- 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.
- Monitor the agencies and programs under the Committee's jurisdiction and oversee the implementation of relevant legislation passed by the 85th legislature.
To learn more about the committee, click here.