TEXAS INTERIM CHARGES. Pensions. Local Soundness. Statewide Governance. Teacher Contributions.

Senate State Affairs

Acturarial Assumptions. Financial Disclosures. Pensions: Examine and assess public pension systems in Texas. Specifically, review and assess (1) the different types of retirement plans; (2) the actuarial assumptions used by retirement systems to value their liabilities and the consequences of amending those assumptions; (3) retirement systems’ investment practices and performance; and (4) the adequacy of financial disclosures including asset returns and fees. Make recommendations to ensure public pension system retirees’ benefits are preserved and protected. 

Monitoring Local Pension Bills from the 85th. 

  • Implementation of Senate Bill 2190, relating to the public retirement systems of certain municipalities;

  • Implementation of House Bill 3158, relating to the retirement systems for and the provision of other benefits to police and firefighters in certain municipalities; 

 

House Committee on Pensions 

#1 Local Soundness.  Review the state’s oversight of pension systems and study the effectiveness of corrective mechanisms, including the Funding Soundness Restoration Plan and Pension Review Board Funding Guidelines. Make recommendations to enhance state oversight and to maintain or achieve soundness among local pension systems. 

#2 State Pension Governance.  Evaluate the governance structures, including investment oversight, of the Employee Retirement System (ERS), Teacher Retirement System (TRS), Texas Municipal Retirement System, Texas County and District Retirement System, and Texas Emergency Services Retirement System. Identify best practices and make recommendations to strengthen oversight within the systems. 

 

House Commitee on Public Education

#7 Teacher Contributions. Review the charter school system in Texas. Determine if changes are needed in the granting, renewal, or revocation of charter schools, including the timeline for expansions and notification of expansions to surrounding districts. Review the educational outcomes of students in charter schools compared to those in traditional schools, and to what extent schools participate in the alternative accountability system. Monitor the implementation of facilities funding for charter schools. Consider differences in state funding for charter schools compared to their surrounding districts and the impact on the state budget. Consider admissions policies for charters, including 

appropriate data collection to assess demand for additional charter enrollment, compliance with access by students with disabilities and the effect of exclusions of students with criminal or disciplinary histories. Consider differences in charter and district contributions to the Teacher Retirement System on behalf of their employees and make appropriate recommendations to support the retirement benefits of all public school teachers. 

 

Texas House 85th Legislature Interim Charges

Texas Senate 85th Interim Charges: 2

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