Press Releases

Texas Public Employee Pension Funds Hold Ground in Unprecedented Covid-19 Markets

AUSTIN, Texas (Dec. 9, 2020) – Texas state and local pension funds combined in 2019-20 to nearly maintain the record-breaking achievements of 2018-19, according to a trend analysis of aggregate amortization periods performed by the Texas Association of Public Employee Retirement Systems. The systems' achievement was notable in holding mostly steady despite extreme market fluctuations early in 2020 due to the COVID-19 pandemic. (more)