Filtered by tag: Governance Remove Filter

Brief Finds State and Local Pensions Should Stabilize Debt as Share of Economy Instead of Fully Funding Them

The author of a new brief from the Center for Retirement Research at Boston College finds that state and local pension plans should focus on stabilizing their pension debt as a share of the economy rather than full funding. The alternative of fully prefunding state and local pensions to maintain fiscal sustainability will mean big contribution hikes. 

Read More

Bill Impacting Public Retirement System Investing Agents Placed on the Senate Calendar

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.

Read More

Overview of March 1 House Pensions Committee Meeting

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.

Read More

Uncover How Lawmakers Could Impact Your Public Retirement System in the 88th Legislative Session

The 88th Texas Legislative Session is in full swing, with lawmakers proposing and debating bills that could significantly impact public employee pension plans.

Read More

Fulfill State-mandated Educational Requirement Through TEXPERS Courses

TEXPERS is holding Basic and Advanced training on Saturday, April 1, 2023, at the Austin Marriott Downtown, 304 E. Cesar Chavez St.

Read More

Book Your Conference Room by March 10 to Get a Special Rate

As conference attendees, finding a convenient and comfortable place to stay can be difficult. Staying at the on-site hotel of a conference venue is more convenient than staying off-site. 

Read More

Poverty Increased Among Seniors in 2021

People 65 and older experienced an increase in poverty in 2021, according to the official poverty measure from the U.S. Census Bureau. The Bureau recently highlighted data from its Poverty in the United States: 2021 report originally released in September 2022 as the nation prepares to observe Poverty Awareness Month in the United States this January 2023.

Read More

Spending Bill Vote Likely to Push Through Secure Act 2.0 Before Christmas

Legislation that includes retirement provisions affecting public safety employees and state and local government retirement plans is nearing passage on Capitol Hill as part of an end-of-year omnibus spending bill. 

Read More

Actuarial Valuation Report, Funding Soundness Restoration Plan on Agenda for Dec. 8 PRB Meeting

At 10 a.m. CST on Thursday, Dec. 8, the Texas Pension Review Board will meet to review the actuarial soundness and compliance of state and local government public retirement systems. Those interested in managing public employee pension systems may attend in person or via videoconference. 

Read More

921 Bills Prefilled for Texas' 88th Legislative 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). 

Read More

Pension Fund Leaders Have Opportunity to Engage With U.S. Census Bureau

Pension administrators and trustees having the ability to access and engage with the government and its data is a necessity. The U.S. Census Bureau is allowing you to do just that. 

Read More

Going Concern Uncertainties and Severe Financial Stress Disclosure Task Force Formed

The Governmental Accounting Standards Board has formed a task force to assist with a project to address disclosure issues related to going concerns, uncertainties, and severe financial stress plan sponsors may be facing.

Read More

Texas Pension Review Board Meets Thursday, Oct. 6 in Austin; Remote Participation Available

The Texas Pension Review Board meets at 10 a.m. CT on Thursday, Oct. 6, 2022, in Austin at the Capitol Extension, Room E2.028, located at 1100 Congress Avenue

Read More

Taking These Online Classes Will Make Your Fund More Data-Savvy

In striving to seek and secure the best investments and services for their membership, public retirement system administrators and staff often look for demographic and economic data to highlight in various reports. 

Read More

Practical Decisions Require Research

There's a lot of research out there, especially regarding retirement, pensions, and investment management. And it seems everyone conducts and publishes it in some form - books, briefs, multi-page reports.

Read More

ESG Portfolio Monitoring

For institutional investors, ESG-related initiatives are ultimately about managing risk. As noted by the Organization for Economic Co-operation and Development (OECD), a poor environmental record may make a firm vulnerable to legal or regulatory fines/sanctions; socially, the mistreatment of workers and dissatisfied employees may lead to higher absenteeism, lower productivity, and weaker client servicing/relationships; and weak corporate governance may incentivize and/or enable unethical behaviors related to pay, accounting irregularities, and even fraud.1 For all these reasons and more, identifying and addressing material ESG-related issues germane to a corporation is a quintessential exercise in risk management – for the management of that company, for investment managers thinking about holding that security in their investment portfolio, and for asset owners concerned whether the manager is acting in accordance with fund policies.

Read More

Consensus for 75bps Increase in November, higher Terminal Rate in Intermediate Future

About a half a year has passed since we last updated you with our take on the bond market. Since then, the Federal Reserve has tilted even more hawkishly with 75bp rate increases in their attempt to combat inflation. Unfortunately, they have not made much headway, as August CPI data registered a gain of 8.3% year-over-year, with Ex Food and Energy CPI at 6.3%, both ahead of economists’ and market expectations. These high numbers are not what Fed Governors or the markets were hoping to see as the immediate reaction from both bonds and stocks was a quick sell-off. Making matters even more difficult is the reality that the “sticky” components of inflation, such as rent, posted its largest monthly increase in this cycle since 1986. Inflation on services also touched a new high, as medical care and transportation services helped drive gains. If not for drops in gasoline and other commodities, the latest inflation report would have been even hotter. We believe another 75bps rate increase is all but certain when the Fed meets later in September. While consensus is growing for an additional 75bps in November and a higher terminal rate in our intermediate future, the question becomes whether or not this scenario is fully accounted for in current prices.

Read More

TEXPERS Hosts RFP List Making it Easy for Vendors to Find Proposals

TEXPERS has a section on its website where it publishes requests for proposals, those public documents that announce a project and invite proposals from service providers. 

Read More

Leaders Aren't Born, They're Made

Administrators and trustees of public retirement systems must act in the best interests of their beneficiaries, exercise good faith in their duties, seek professional services, and supervise those to whom functions are assigned. To put it simply - you're a leader. 

Read More

1.07M Minority-owned Firms Contribute to U.S. Economy

There are 1.07 million minority-owned firms in the United States with 9.3 million employees and $344.5 billion in annual payroll, according to the 2019 Annual Business Survey.

Read More