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House Committee on Pensions, Investments, and Financial Services - 87th R.S. (2021)

Committee Members
Rafael Anchia, Chair
Tan Parker, Vice Chair
Giovanni Capriglione
Sergio Muñoz, Jr.
Mary Ann Perez
Glenn Rogers
Shelby Slawson
Phil Stephenson
Hubert Vo
Charges
  • Monitor the agencies and programs under the Committee's jurisdiction and oversee the implementation of relevant legislation passed by the 87th Legislature. Conduct active oversight of all associated rulemaking and other governmental actions taken to ensure the intended legislative outcome of all legislation, including the following:
    • HB 1258 87th R.S., relating to data matching with financial institutions to facilitate the collection of certain delinquent taxes;
    • HB 1585 87th R.S., relating to the operations and functions of the Teacher Retirement System of Texas;
    • HJR 99 87th R.S., proposing a constitutional amendment authorizing a county to finance the development or redevelopment of transportation or infrastructure in unproductive, underdeveloped, or blighted areas in the county; authorizing the issuance of bonds and notes; and
    • SB 1444 87th R.S., relating to participation in the uniform group coverage program for active school employees and to a study concerning health coverage for school district employees.
  • Review and evaluate the actuarial soundness of the Employees Retirement System (ERS) and Teacher Retirement System (TRS) pension funds.
  • Review the Texas Local Fire Fighters Retirement Act to ensure proper governance and financial oversight. Examine whether the Pension Review Board has proper oversight and authority to implement necessary corrective measures.
  • Evaluate the actuarial soundness of the Law Enforcement and Custodial Officer Supplemental Retirement Fund and Judicial Retirement System of Texas Plan 2. Identify strategies to reduce and eliminate existing unfunded liabilities and recommend structural enhancements that improve the financial health and viability of the funds moving forward.
  • Review the impact of investments by public retirement systems of their endowment and other trust funds in businesses and funds owned or controlled by the Russian government or Russian nationals, and determine the need for investment restrictions. Consider the impact of any proposed investment restrictions on fund performance.

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