In its latest meeting, the Texas Pension Review Board's Investment Committee made it clear that it intends to request pension funds to report on how their investment portfolios are structured to meet real-time expectations for outflow benefit payments to retirees.
Fort Worth Employees' Retirement Fund Executive Director Benita Falls Harper has announced her departure from the Fund to accept a new position. Her service with the Fund will conclude following the Board's monthly meeting on Sept. 28, 2022.
Tiffany White is the new executive director of the Texas Emergency Services Retirement System, according to an announcement on the state pension fund's website.
TEXPERS' office is closed in observance of Labor Day on Monday, Sept. 5, 2022. Labor Day is an annual celebration of American workers' social and economic achievements. Don't forget the impact of public employees on local communities.
Nearly 270 people attended TEXPERS' Summer Educational Forum, Aug. 21-23, 2022, in El Paso, located in the far western corner of the Lone Star State, bordering Mexico.
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.
Napier Park Global is a Silver Sponsor of TEXPERS' 2022 Summer Educational Forum Aug. 21-23 in El Paso, Texas, and is sending Amit Sanghani, managing director and product specialist for the firm's global credit and real asset strategies.
As a Silver Sponsor of TEXPERS' 2022 Summer Educational Forum in El Paso, Texas, Oxford Funds, LLC will send Senior Portfolio Manager Deep Maji to present.
William Blair Investment Management is a Silver Sponsor of TEXPERS' 2022 Summer Educational Forum Aug. 21-23 in El Paso, Texas, and is sending hard currency portfolio manager Jared Lou from the firm's emerging markets debt team to present.
In 2018, public pension benefit dollars represented between 0.4% and 1.1% on average of Gross Domestic Product (GDP) for each county type in Texas. New research indicates that public pension plans have a particularly positive economic impact on small towns and rural communities.
Want to save on your travel expenses for TEXPERS' 2022 Summer Educational Forum in El Paso, Texas, Aug. 21-23, 2022? Reduce your costs by saving on your room, but do it quickly before the special rate ends on July 29!
The first glimpses of global economic growth, inflation trends, and monetary policy meetings have kept financial and investment professionals busy this week. Some interesting retirement data is also set to be released soon. Online presentations offered by thought leaders from various firms in the financial, investment, banking, and research industries can provide your retirement funds insights to manage the pensions of your annuitants.Here are four webinars offering fresh insights into the latest economic market conditions and retirement research.
Texas Association of Public Retirement Pension Systems, a statewide nonprofit organization providing education to trustees and administrators of public employee pension funds, is pleased to announce Federated Hermes, Wolf Popper, and Napier Park as sponsors of its upcoming conference in El Paso, Texas. The firms are Silver Sponsors of TEXPERS' 2022 Summer Educational Forum Aug. 21-23 at Hotel Paso Del Norte in El Paso, Texas.
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.
Wolf Popper LLP is a Silver Sponsor of TEXPERS' 2022 Summer Educational Forum Aug.21-23 in El Paso, Texas, and is sending securities and commercial litigation attorney Joshua Ruthizer as a presenter.
The Texas Pension Review Board is holding a board meeting at 10 a.m. CST on Thursday, July 14, 2022. The Board's Investment Committee will gather later that afternoon.
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.
Amundi Asset Management is serving as a Gold Keynote Sponsor of TEXPERS' 2022 Summer Educational Forum to be held Aug. 21-23, 2022, in El Paso, Texas.
TerraCap Management is a Gold Keynote Sponsor of TEXPERS' 2022 Summer Educational Forum to be held Aug. 21-23, 2022, in El Paso, Texas, and is sending its founder, W. Stephen Hagenbuckle as a keynote speaker for the event’s opening session.
Interest rates have been on a secular decline since the early-1980s after Paul Volcker pushed short-term rates to nearly 20% to beat back inflation. Today, by comparison, the Fed Funds rate is targeted between 0.25% and 0.50%. Unfortunately, as interest rates fell, pension discount rates have barely budged, leading to a widening “yield gap” between what plan fiduciaries expect to receive from the market and what the market can realistically provide.
