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Upcoming Interim Legislative Hearings

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. 

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PRB Posts Draft Rule Language and Board Policy Related to Funding Soundness Restoration Plans

The Texas Pension Review Board has posted the draft rule language and board policy related to Funding Soundness Restoration Plans to the state agency's website. 

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Upcoming Interim Legislative Hearings

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.

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How to Get the Most Out of Your Conference Attendance

Public pension fund trustees and administrators benefit from participating in TEXPERS conferences by receiving valuable education and connecting with other professionals committed to securing retirement for public employees. Your next opportunity to boost your professional skills is during our Annual Conference April 3-6, 2022, at The Worthington Renaissance Fort Worth Hotel in Fort Worth, Texas.

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Why the Heck Do We Own Bonds?

When advising our sons and daughters on how to invest for their retirement in roughly 60 years, we point them to stocks and the budding venture capital ideas of their classmates. The same advice might also hold true for perpetual institutions with a nearly infinite time horizon, no annual cash-flow requirements, and a passing interest in market volatility.

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Former Police Officer's Pension Board Trustee Answers Your Questions

Editor's note: Before Steve Toyota, a Vice President on the Business Development team at fund management and investment advisory firm Capital Dynamics, he spent 28 years with the Miramar Police Department. He retired from the police department in February of 2021. He had served as a trustee on the Miramar Police Officers' Retirement Plan Board since 1998 and was chairman of the Board from 2005 to 2019. During his 20-plus years as a trustee on this retirement plan's Board, he worked with investment managers of nearly every asset class, helping grow the plan from $20 million to $260 million. At Capital Dynamics, as a global private asset manager, he focuses on private equity, private credit, and clean energy infrastructure and has gained extensive knowledge and experience developing solutions tailored to meet the needs of a diverse and global client base of institutional investors, including public pension systems. In this blog post, he explains why it is important for trustees to get involved in their retirement plan's decisions, why he moved from policing to investment management and offers advice to trustees.

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First Responders Don’t Get Much of a Break During Holidays: Report

When families gather for the holidays, workers nationwide often get time off to spend with loved ones. That isn't always the case for thousands of public employees who work as first responders. The holidays can be a stressful time for those in law enforcement and firefighting. In fact, the holidays often result in higher numbers of incidents as folks strive to create festive memories. Yet, most first responders stay on the job despite the stress of the holidays and beyond.

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Passage of SB 321 Would Hurt Secure Retirement

 

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