AT THE CAPITOL

Texas State Legislation & TCDRS

The Texas State Legislature is not currently in session. The 86th Regular Session will begin on Jan. 8, 2019. We will update this page if anything should arise related to state pension systems during the interim. 

For information about the outcomes of the 85th Legislative Session and the impacts of SB 500 and HB 89 on TCDRS, please see our 2017 Legislation Summary below.

TCDRS Executive Director provides overview at House Committee on Pensions Interim Hearing

On Fri., Oct. 12, the House Committee on Pensions met at the University of Houston Hilton Center to consider Interim Charges. The Committee heard testimony on:

  • Funding soundness of public pension plans in Texas from staff of the Pension Review Board;
  • Oversight of pension systems and implementation of recent legislation from representatives of the City of Houston, the Houston Municipal Employees Pension, the Houston Police Officer’s Pension, and the Houston Firefighters’ Relief and Retirement Fund; and
  • The state of the system and governance structures from representatives of TCDRS, the Texas Municipal Retirement System, the Employees Retirement System of Texas and the Texas Emergency Services Retirement System.

At the meeting, TCDRS Executive Director Amy Bishop provided an overview of TCDRS’ governance. She also covered the unique features that make TCDRS financially strong and sound including savings-based benefits, responsible funding and flexibility and local control for employers.


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.

 

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