Congress raised the debt limit this year to prevent a government default. They are working to agree on next year's budget by Sept. 30.

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). 

It's election day in the United States. Here's what you need to know as you head to the polls.

This report, compiled by TEXPERS legislative consultants and staff in attendance, is intended to give you an overview and highlight the discussions on the various topics taken up. It is not a verbatim transcript of the discussions but based on what was audible or understandable to the observer and the desire to get details out as quickly as possible with few errors or omissions.

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.

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.