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Juneteenth: The Anniversary of Slavery's End and the Ongoing Struggle for Economic Equity

Juneteenth, commemorated annually since 2021 as a federal observance, marks a pivotal moment in American history—the end of slavery. It also serves as a stark reminder of the continuous struggle for justice and equality in the United States. In the context of public pensions, Juneteenth underscores the importance of secure retirement plans in promoting economic equity for all Texans.

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Shape the Future of TLFFRA Legislative Changes

 

The Texas Pension Review Board has put out requests for comment on the changes they will propose to the Texas Legislature for the Texas Local Fire Firefighters Retirement Act, also known as TLFFRA.

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PRB Meeting Set for March 6: Why You Should Attend

The Texas Pension Review Board (PRB) is a state agency that oversees all Texas public retirement systems, both state and local, regarding their actuarial soundness and compliance with state reporting requirements. The PRB provides pensioners and fund managers with news, education, and guidance. The next Texas Pension Review Board meeting is scheduled for 10 a.m. on Wednesday, March 6, 2024, at the William P. Clements Building in Austin, Texas.

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Public Employee Retirement Systems Have a Part in Promoting Human Rights

Feb. 20 was World Day of Social Justice, a poignant moment for us at the Texas Association of Public Employee Retirement Systems (TEXPERS) to reflect on the profound impact of pension systems in fostering social and economic justice across the Lone Star State.

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What to Expect from the 2024 Texas Primary Elections

As the 2024 election cycle heats up, Texas voters will soon have the opportunity to cast their ballots in the March 5 primary elections. The primary elections are how Texas' political parties decide who ends up on the general election ballot in November. The results will have significant implications for the state's future of public policy, politics, and government.

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EBRI Report Examines Toll Caregiving Takes on Workers

The Employee Benefit Research Institute recently published an Issue Brief titled Shining a Spotlight on Caregivers in the Workplace: Findings from the 2023 Workplace Wellness Survey. The brief examines the retirement prospects, knowledge, preparations for retirement, and retirement experiences for unpaid caregivers versus those who do not provide this care. 

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National Retirement Security Month: Ensuring a Bright Future for Public Employees in Texas

The Federal Reserve Report on Economic Well-Being of U.S. Households in 2022 indicates Americans' progress toward retirement savings goals declined. October is National Retirement Security Month, which encourages individuals to consider their retirement goals and take action to secure them. A Texas public employee pension system is ideal for guiding its annuitants through the process. 

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Texas Pension Review Board to Review and Revise Key Administrative Rules

The Texas Pension Review Board is reviewing several of the state agency's key rules and seeking public input.

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Governor Abbott Announces Special Session No. 3

With a commitment to furthering the progress he says was achieved during the 88th Regular Legislative Session and two preceding special sessions this summer, Texas Gov. Greg Abbott on Oct. 5 unveiled his agenda for the third legislative special session of the year. The special session starts at 1 p.m. Monday, Oct. 9.

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A Comprehensive Look Into the Economic Well-Being and Retirement Preparedness of U.S. Workers

In an era defined by evolving workplace dynamics and a heightened focus on employee well-being, the 2023 Workplace Wellness Survey offers a comprehensive look into the well-being and retirement preparedness of employees in the United States. Employee Benefit Research Institute (EBRI) conducted this survey on financial well-being, employment-based health insurance, and retirement benefits in the workplace.

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Join Us for TEXPERS' Annual Conference in Dallas, Texas

Are you ready for an unforgettable experience that combines professional development, networking opportunities, and the chance to celebrate three decades of excellence in pensions? Look no further than the Texas Association of Public Employee Retirement Systems (TEXPERS) 35th Anniversary Conference, set to take place from April 7 to 10, 2024, at the Hyatt Regency Dallas in Dallas, Texas.

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Government Shutdown: Why it Matters to Texas Public Employee Pension System Administrators

Good news. Congress is avoiding a government shutdown, at least through Nov. 17. As news of a government shutdown captures headlines nationwide, it might seem like a distant issue for those entrusted with managing Texas public employee pension systems. After all, the daily operations of pension systems are largely independent of federal politics, right? Well, not quite. In this blog post, we'll explore why any potential government shutdown should concern trustees and administrators of public employee pension systems and why staying informed is crucial for safeguarding the financial futures of countless retirees.

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Catch Up on the Latest Advancements and Trends in the Field of Pensions

Research papers and studies serve as a gateway to the latest advancements and trends in the field of public employee retirement systems. They provide access to cutting-edge knowledge, allowing trustees and administrators to stay ahead of the curve. By staying informed about the latest research, pension fund leaders can make informed decisions that can significantly impact the retirement systems they oversee. Through networking with its partner organizations plus the Association's investment, consultants, actuaries, vendors, and other service providers members and communicating with retirement and investment industry research groups, TEXPERS shares reports, research papers, briefs, and other documents with its members. 

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Pension Review Board Reports on System News

On June 29, the Texas Pension Board received updates on the recent progress and changes pension funds have made. The City of Midland and pension officials presented their case at the beginning of the meeting, and PRB staff actuary David Fee followed on with additional reports:

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Celebrating World Population Day on Tuesday, July 11, 2023

July 11 is World Population Day, a time to celebrate the growth of our global society and recognize how population changes impact our lives. The U.S. Census Bureau population projections indicate the world population will surpass 8 billion by the end of this year.

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Maximize Your Success

As members of the pensions and investments industry, we know that professional development is essential for staying current on trends and regulations. TEXPERS is proud to host its Summer Educational Forum in The Woodlands, Texas – an annual event designed to provide public employee retirement system administrators, board members, and other key stakeholders with the necessary tools and resources to maximize their professional growth. In this blog post, we'll discuss how you can make the most out of your experience at the conference and prepare for success!

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Report Warns of More Economic Shocks

A recently released report from Ortec Finance has some interesting findings about the U.S. public pension plan sector. According to the Ortec Finance report, 90% of public sector pension plan managers expect to increase spending on scenario modeling and stress testing in the next two years to manage market shocks. For TEXPERS System Members, scenario modeling and stress testing are familiar tools they use to better understand how market volatility may affect their pensions. We'll look at the report's key findings and provide context. 

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Next-gen Security Providers Offer Products That Protect Multiple Parts of the IT Supply Chain and Use AI to Find Network Anomalies or Threats

Over the past decade, as businesses have undertaken digital transformation initiatives to improve efficiencies and outcomes, cyberattacks have continued to increase in both frequency and complexity. These cyberattacks are increasingly committed by well-funded criminal and state-sanctioned groups seeking to exploit vulnerabilities and disrupt operations for financial gain or to steal intellectual property and other sensitive data for competitive gains or national intelligence purposes. Since the onset of the COVID-19 pandemic, businesses of all sizes have responded to new, unexpected customer and employee needs by accelerating their investments in digital technologies. These investments have not only driven positive business outcomes but have also created new areas of vulnerability for companies across their entire technology supply chain and infrastructure. The increase in the number of endpoints resulting from the exponential growth of mobile computing and Internet of Things (IoT) devices, as well as the larger technology infrastructure surface areas supporting cloud-computing needs, has provided cyber attackers with more areas to potentially exploit and gain unauthorized access. These cyberattacks contribute to a wide variety of adverse outcomes—lost revenue from network downtime, increased costs from ransom payments, fines and/or mitigation spending, lost data integrity, impact to the business from increased reputational risk and, in certain cases, national security risks. As businesses continue to invest in digital transformation to accelerate growth initiatives, the increased threat from cyber criminals will also require larger and more targeted investments in next-generation cybersecurity defense technology to protect digital assets and networks while minimizing the operational and financial costs of a cyberattack.

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Celebrating Older Americans: Uncovering the Contributions of America's Aging Population in May 2023

In May 2023, Americans are invited to join in celebrating Older Americans Month – a time dedicated to recognizing the contributions of older Americans to our nation’s culture and society. U.S. population statistics show that the number of Americans age 65 and older is expected to double over the next 25 years – making it more important than ever for TEXPERS members to appreciate and value the contributions of this segment of our population. Join us as we explore why celebrating Older Americans Month is so important for all of us!

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'The Gentle Art of Swedish Death Cleaning' is Looking for TEXPERS Pension System Members to Apply for Its Next Season in Austin

 

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