Board meetings, strategic plans, and buyer signals from Austin Pace’s organization
Sep 30, 2026·BoardMeeting
Board
Pension Review Board Board Meeting
The Board discussed administrative matters, including the departure of the executive director and the recognition of her service. An interim executive director was appointed, and the Board deliberated on the timeline for the search for a permanent successor, noting that the search process will be deferred until after the upcoming legislative session to ensure continuity. Additionally, the Board reviewed actuarial evaluation reports, noting significant progress in funding periods for various pension systems across the state, and received a report on the funding soundness restoration plan status for several systems.
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The board meeting focused on pension system oversight and administrative updates. Key discussion topics included the status of various pension plans across Texas, updates on actuarial valuation reports, and the progress of systems under funding improvement plans. The board discussed communication with plan sponsors regarding contribution rates and the importance of realistic actuarial assumptions. Additionally, the meeting covered proposed rule revisions for reporting and compliance, and the board noted that no systems are currently subject to formal funding improvement plans.
May 28, 2026·StrategicPlan
Board
State Pension Review Board Strategic Plan 2027-2031
This strategic plan outlines the direction for the State Pension Review Board from 2027 to 2031. Its core mission is to ensure that Texas public retirement systems are actuarially sound, equitably managed, and fiscally responsible, while expanding the knowledge of stakeholders. The plan focuses on four main goals: maintaining actuarial soundness for public retirement systems, educating trustees and administrators on pension concepts, providing comprehensive information and technical assistance to stakeholders, and monitoring compliance with reporting and education requirements.
The Education Committee meeting focused on an overview of potential statutory and nonstatutory changes to the Minimum Educational Training program intended to improve compliance. Key discussion topics included authorizing retirement systems to create internal education policies, requirements for trustees to complete training before serving, and potential consequences for noncompliant trustees. Additionally, the committee discussed promoting individual course approval applications and the potential publication of lists of noncompliant individuals on the organization website, along with reviewing stakeholder feedback gathered during a prior session.
Extracted from official board minutes, strategic plans, and video transcripts.
