The Texas Pension Review Board (PRB) is mandated to oversee all Texas public retirement systems, both state and local, in regard to their actuarial soundness and compliance with state law. Our mission is to provide the State of Texas with the necessary information and recommendations to ensure that our public retirement systems, whose combined assets total in the multi-billions, are financially sound, benefits are equitable, the systems are properly managed, tax expenditures for employee benefits are kept to a minimum while still providing for those employees, and to expand the knowledge and education of administrators, trustees, and members of Texas public pension funds. Feel free to provide feedback and suggestions regarding the site.
The Texas Pension Review Board (PRB) would like to provide important information in response to COVID-19.
Changes Regarding March 30, 2020 Actuarial Committee Meeting:
Last week, the Legislature canceled all public meetings in the Capitol due to COVID-19 precautions. Out of concern for stakeholder safety, the PRB has postponed the March Actuarial Committee meeting.
We will communicate the new meeting date as soon as it is scheduled.
Plan Report Submissions:
We understand that plans may be experiencing disruptions due to COVID-19, which may affect the ability to submit timely reports. The agency will work with any plans affected to address delays in reporting. Staff is available to assist in any way we can.
Please let us know if you have questions.