House Committee on Pensions, Investments, and Financial Services - 86th R.S. (2019)
|House Pensions, Investments, and Financial Services
|Attorney General of Texas | Consumer credit and debt | Consumer Credit Commissioner, Office of | Consumer protection | Employees Retirement System of Texas | Investment of public funds | Pension liabilities | Private retirement systems | Public retirement systems | Small businesses | Teacher health insurance | Teacher Retirement System of Texas |
|Library Call Number:
|86th R.S. (2019)
|View report [42 pages File size: 2,254 kb]
|This report should address the charges below.
|Monitor the agencies and programs under the Committee's jurisdiction and oversee the implementation of relevant legislation passed by the 86th Legislature. Conduct active oversight of all associated rulemaking and other governmental actions taken to ensure intended legislative outcome of all legislation, including the following:
|Monitor the Teacher Retirement System's (TRS) actions in implementing high deductible regional plans for certain school districts interested in providing alternatives to the current TRS Active Care options.
|Study pension plan and personal retirement savings options for small businesses in order to be competitive with state and larger employers.
|Review and evaluate the actuarial soundness of the Employees Retirement System and TRSpension funds. Examine the cost of and potential strategies for achieving and maintaining the actuarial soundness of the funds. Examine the effect the unfunded liabilities could have on the state's credit. Examine the state's investment policies and practices, including investment objectives, targets, disclosure policies, and transparency. (Joint charge with the House Committee on Appropriations)
|Monitor the State Auditor's review of agencies and programs under the Committee's jurisdiction. The Chair shall seek input and periodic briefings on completed audits for the 2019 and 2020 fiscal years and bring forth pertinent issues for full committee consideration.
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