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 reporting requirements under Chapter 802, Texas Government Code.
The Pension Review Board has an upcoming meeting on September 25, 2024. Click here to view the agenda.
The PRB has been studying governance issues related to systems under the Texas Local Fire Fighters Retirement Act (TLFFRA) and would appreciate your feedback. PRB staff has updated the document identifying issues and providing potential recommendations following the PRB’s July 25, 2024, board meeting. For ease of review, PRB staff has provided a summary of the Potential TLFFRA Governance Issues and Recommendations report in the first few pages. The summary lists the identified issues and staff recommendations and notes which recommendations have been updated since the July board meeting.
If you are a system administrator, please share this document with your board members, including city representatives. We are interested in receiving feedback from all impacted parties.
Link: Potential TLFFRA Governance Issues and Recommendations
The PRB would like to offer you an opportunity to review and provide feedback on two potential legislative recommendations regarding the Investment Practices and Performance Evaluations (IPPE) requirement presented at the July PRB meeting.
Linked below is a two-page overview of the recommendations. Our second recommendation also has three options for you to either provide feedback on or just provide a preference.
Link: Recommendations Overview
Feedback/suggestions: Please email [email protected] with any feedback or suggested changes by Friday, September 6, 2024.
Annual reports are due to the PRB within 211 days after the end of a system’s fiscal year end date.
Annual training reports (PRB-2000s) are due on September 1st for training taking place between August 1 of the previous year and July 31.
The PRB has seven free online courses that can count toward your Core or Continuing Education credit under the MET Program, as well as three Continuing Education online courses. Additional or alternative education may be obtained through one of our accredited sponsors.
The PRB is excited to announce the launch of a new portal for submitting annual and other reports: the PRB Pension Online Reporting Tool.
The portal is intended to replace email submissions and to be more secure and efficient in getting your information to us.
