The Texas Pension Review Board committee creating rules for implementing House Bill 3898 accepted new, flexible proposals from the staff at its May meeting. The rules will be presented to the full Board on July 14 and the official public comment period will begin. Ultimate consideration of all comments and changes is planned for the October PRB meeting.

Robert "Bob" May, a former actuary member of the Texas Association of Public Employee Retirement Systems through his more than 50-year career as a principal actuary at Rudd and Wisdom Inc., died May 24, 2022. 

The Texas Pension Review Board is developing rules to facilitate the state legislature's 2021 changes to the Funding Soundness Restoration Plan statute and is seeking stakeholder comments on the initial rule concepts.