Industry News

On March 4, 2021, the Texas Pension Review Board (PRB) published its biannual guide, Guide to Public Retirement Systems in Texas, February 2021. Prior to each legislative session, the guide is published as a reference for lawmakers, the public, retirement systems, and other stakeholders to help understand and locate information on the state’s public retirement systems.

The guide includes current actuarial, financial, benefits and governance data. In addition, it provides an overview of the status of public retirement systems in Texas, as well as a brief explanation of the main concepts associated with pre-funded defined benefit plans.

There are 100 actuarially funded defined benefit public pension plans registered with the PRB. The plans have a total membership of over 2.95 million active and retired members with about $301 billion in total net assets.

The report is available here.