TEXPERS members might want to tune in for upcoming legislative hearings. 

There is a bill on the Texas Senate Calendar for April 19 that relates to the fiduciary responsibilities of the governing bodies of public retirement systems in the state and their investment managers and proxy advisors.

The Texas House Committee on Pensions, Investments and Financial Services is holding a public hearing at 8 a.m. Wednesday, April 12 in E2.014 of the Capitol Building. 

House Committee on Pensions, Investment, and Financial Services members met on March 1 to discuss the Employee Retirement System and the Teacher Retirement System, among other topics.

State and local government public pensions weren't among Gov. Greg Abbot's State of the State address on Feb. 16; however, he did discuss the importance of the public education system in Texas, touted previous increases to teacher pay, and said the current legislative session could do even more for the educational system and teachers. 

Texas House Speaker Dade Phelan announced committee assignments on Feb. 8, naming Rep. Giovanni Capriglione, R-Keller, chair of the Committee on Pensions, Investments & Financial Services.

The Senate Committee on Finance met on Jan. 30, 2023, to discuss Senate Bill 1, the Senate budget proposal, and to hear presentations from the Legislative Budget Board and Article 1 agencies. It was necessary to reschedule the hearing due to inclement weather; however, the Texas Pension Review Board made its presentation. 

TEXPERS System Members will likely keep an eye on the Senate Committee on State Affairs, which reviews legislation under its purview, including pension regulations, during the 88th Legislative Session. 

The first week of Texas' 88th Legislative Session is in recess until Jan. 17, ending a day of debates in the House and drawing of terms in the Senate. 

UPDATE 1/10/23 - Texas' 88th legislative session adjourned on Jan. 10 after completing opening ceremonies during which Gov. Greg Abbott congratulated newly elected and re-elected members of the House and Senate as well as Rep. Dade Phelan, R-Beaumont, who was reelected today as House Speaker for the session.

Nov. 14 was the first day of bill prefiling for Texas' upcoming 88th Legislative Session, and 921 bills and resolutions were filed (646 House bills and 198 Senate bills). 

The Texas House Pension, Investments and Financial Services Committee is hosting a public hearing at 10 a.m. CT on Monday, June 6, 2022, regarding the operation of the Teacher Retirement System of Texas and its school district employee benefits program participation. 

Below is a list of upcoming or recently held interim Texas legislative hearings TEXPERS' System Members and others interested in managing public employee pensions in the state might be interested in following. The topics either directly or indirectly impact pension management or governance issues. 

The following list is a compilation of the upcoming interim legislative hearings that might interest TEXPERS' System Members. Hearing dates and times are subject to change. Please note that additional hearings dates may also be added at any time. Items directly impacting pensions are highlighted in yellow.

Due to the impending retirement of three Texas senators, Lt. Gov. Dan Patrick announced on March 23 the appointments of their replacements to serve on committees during the interim leading up to the 88th Legislative Session.

Dade Phelan, the Republican Speaker of the Texas House, announced some of the key policy priorities for the 2023 legislative session. Some of his priorities have direct and indirect implications for managing public employee pensions.

The Texas 2022 Primary Election is set for Tuesday, March 1st, 2022. Due to redistricting, all 181 legislative seats are up for re-election this year. If needed, primary election runoffs will be held on May 24th, 2022.

House Speaker Dade Phelan, R-Beaumont, recently announced his appointments to the Texas Sunset Advisory Commission, which determines when state agencies will be abolished if the Legislature doesn't act to extend them.