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5 Points about new PRB Chair from Association of Public Employee Retirement Systems

  • Remember that the state’s Defined benefit pension funds are better than the average 401(k)
  • Remember that 401Ks take bigger risks to prevent the fear of under performing
  • It’s the private sector retirement benefit that need review, not the government pensions
  • The PRB should continue to use amortization periods as the yard stick to measure financial strength
  • The last 5 years of the 83 pensions under the PRB review have yielded the strongest performance

Statesman | Patterson: Texas public employee pensions remain healthy

5 Points about new PRB Chair from Association of Public Employee Retirement Systems

  • Remember that the state’s Defined benefit pension funds are better than the average 401(k)
  • Remember that 401Ks take bigger risks to prevent the fear of under performing
  • It’s the private sector retirement benefit that need review, not the government pensions
  • The PRB should continue to use amortization periods as the yard stick to measure financial strength
  • The last 5 years of the 83 pensions under the PRB review have yielded the strongest performance

Statesman | Patterson: Texas public employee pensions remain healthy