AT THE CAPITOL

Texas State Legislation & TCDRS

The 86th Texas State Legislature began on Jan. 8, 2019. We will track and monitor bills that could directly or potentially impact TCDRS and, ultimately, our employers’ county and district plans.

We will update this page if anything should arise related to state pension systems during the session. 

TCDRS EXECUTIVE DIRECTOR TO SPEAK AT HOUSE PENSIONS, INVESTMENTS & FINANCIAL SERVICES COMMITTEE MEETING

On Wed., Feb. 13, the House Pensions, Investments & Financial Services Committee will meet for organizational purposes and to hear invited testimony from statewide retirement systems.

At the meeting, TCDRS Executive Director Amy Bishop will provide an overview of the TCDRS plan. She will also cover the unique features that make TCDRS financially strong and sound, such as savings-based benefits, responsible funding and flexibility and local control for employers.

We will post a link to the session recording when it is available in the committee’s broadcast archives. For more information, please visit the committee’s web page.


MEET THE PENSIONS, INVESTMENTS AND FINANCIAL SERVICES COMMITTEE

The Honorable Dennis Bonnen has been elected as Speaker of the House for the 86th session. The Speaker determines the composition and jurisdiction of the House Committees. Retirement bills will be referred to the Pensions, Investments and Financial Services Committee.

The committee members who will serve during the 86th session are: 

For more information about this committee and its members, visit the committee’s web page.


GET TO KNOW THE SENATE COMMITTEE ON STATE AFFAIRS

On the Senate side, the Senate Committee on State Affairs generally holds hearings on bills that affect public pension plans (such as TCDRS).

Lt. Gov. Dan Patrick has appointed the committee members for the 86th session, naming Sen. Joan Huffman as chair and Sen. Bryan Hughes as vice chair.

A full list of committee members is available on the committee’s web page.


Previous Legislation

You can read summaries of legislation that impacts TCDRS here:

2017 TCDRS Legislation Summary

2015 TCDRS Legislation Summary

2013 TCDRS Legislation Summary

Copies of bills, as well as tracking information, may be found on the Texas Legislature’s website. You can use the “Search Legislation” tool to find specific bills by keyword or bill number.


Pension Review Board Documentation

The Pension Review Board (PRB) oversees all Texas public retirement systems. One of the requirements of the PRB is that we create and publish an Investment Return and Assumptions Report (PRB-1000). The report shows our actual rate of investment return and our assumed rate of return over the 10 most recent fiscal years, as well as our annualized rolling rate of return. This report is updated annually. We also provide the PRB with our Investment Policy and Comprehensive Annual Financial Report (CAFR).


External Links

House Pensions Committee hearings

Broadcasts of the committee hearings are available in the committee’s broadcast archives.

These websites are included for informational purposes only. The inclusion of links on this website does not constitute endorsement of information or opinions of other organizations.

 

02.13.19

Estimated portfolio and asset class returns as of Dec. 31, 2018

TCDRS’ estimated investment return for 2018 is between -2.75% and -3.25%, net of all fees. The estimated returns for individual asset classes (also net of all fees) are:       *Note: Our es...

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02.01.19

Employers maintain benefit levels for 2019

For 2019, most TCDRS employers maintained their current benefit levels. Of those employers that made plan changes, 53 adopted benefit increases and 2 decreased benefits. In addition, 51 employers adopted cost-of-living adjustme...

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TOP PUBLICATIONS

Doing Retirement Right
2017 Economic Impact Study