We believe the COVID-19 crisis has facilitated a fundamental reshaping of society in how people shop and pay, along with how businesses interact with their employees, customers, and other businesses.
The impact of inflation on defined benefit pension plan liabilities might surprise you. For private plans, the news is mostly good. For public plans, it is more challenging and provides a good reminder that public plan sponsors need to keep making their full pension contributions even if times are difficult.
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.
This week, law enforcement officers from Fort Worth, Mesquite, and the Texas Department of Public Safety are traveling to Washington, D.C., to take part in a memorial service during National Police Week to honor their colleagues who died serving their communities.
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.
There are an estimated 15.1 million full-time and 4.7 million part-time employees working in state and local governments in the U.S., according to the 2020 Annual Survey of Public Employment and Payroll, the most recent statistics available from the U.S. Census Bureau.
The Texas Association of Public Employee Retirement Systems held its 2022 Annual Conference at The Worthington Renaissance Hotel in Fort Worth, Texas, April 3-6, 2022.
Austin Firefighters Relief and Retirement Fund is seeking resumes for a Benefits Specialist. For further information, view the Job Description below:
The Institutional Limited Partners Association's ILPA Institute will be in Austin May 11-12, 2022, offering its executive education programming for trustees. The Private Equity for Trustee course explores the basic aspects of the private equity asset class, the economics of a private equity investment, the current state of the market, and its external perception. The program fee is $1499 and will run from 9 a.m. to 5 p.m. each day at the DLA Piper Austin Office, 303 Colorado St., Suite 3000, in Austin. For more information and to register, contact Mandy Ilk at [email protected].
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 countdown to the start of TEXPERS' 2022 Annual Conference, April 3-6 in Fort Worth, Texas, continues with the announcement of the sponsors of the event's annual golf tournament. On Sunday, April 3, the conference kicks off with the association's annual golf tournament at Rockwood Park Golf Course.
Due to the impending retirement of three Texas senators, Lt. Gov. Dan Patrick announced on March 23 the appointments of their replacements to serve on committees during the interim leading up to the 88th Legislative Session.
Dade Phelan, the Republican Speaker of the Texas House, announced some of the key policy priorities for the 2023 legislative session. Some of his priorities have direct and indirect implications for managing public employee pensions.
TEXPERS members are trustees, administrators, professional service providers, employee groups, and associations engaged or interested in managing public employee retirement systems.
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.
Attendees of TEXPERS' 2022 Annual Conference have an easy way to satisfy their networking, learning, and organizational needs. Meet TEXPERS365, your personal conference assistant.
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.
With headline inflation at multi-decade highs investors are rightly concerned and it bears an in-depth look. Some of the drivers of price rises have persisted longer than the Fed expected. But looking beyond the headlines at some of those drivers of the last twelve months could be useful.
Since mid-January risk markets have experienced elevated volatility and weakness due to fears of the Fed’s tightening policy. Market segments with the highest valuations and most perceived sensitivity to rates have suffered the worst, as many investors took gains after a sustained post-pandemic run. While it is important to not overreact to short-term swings, it’s also important to assess possible downside moves from here based on both technicals and fundamentals.
