• Investment Practices and Performance Evaluations

    Texas Government Code §802.109 requires Texas public retirement systems with assets of at least $30 million to select an independent firm with substantial experience to evaluate the appropriateness, adequacy, and effectiveness of the system’s investment practices and performance and to make recommendations for improving its investment policies, procedures, and practices. The Pension Review Board (PRB) provided informal guidance to assist systems in defining the scope and content of the evaluation.  

    Per statute, the PRB is required to submit an investment performance report to the governor and legislative leadership offices that compiles and summarize information received in the evaluations. The 2020 Investment Performance Report contains aggregate analysis of the evaluations, summaries of each individual evaluation and resources including a compilation of references from the evaluations to help systems access best practices and relevant benchmarking resources.

    Please find the most recently completed evaluations below.

    Investment Practices and Performance Evaluations

    Abilene Firemen’s Relief & Retirement Fund
    Amarillo Firemen’s Relief & Retirement Fund
    Austin Employee’s Retirement System
    Austin Firefighters Relief & Retirement Fund
    Austin Police Retirement System
    Beaumont Firemen’s Relief & Retirement Fund
    Capital Metro Administrative Employees Pension Plan
    City of El Paso Employees Retirement Trust
    Corpus Christi Fire Fighters’ Retirement System
    Corpus Christi Regional Transportation Authority
    CPS Energy Pension Plan
    Dallas County Hospital District Retirement Income Plan
    Dallas Employees’ Retirement Fund
    Dallas Police & Fire Pension System-Combined Plan
    Dallas/Fort Worth Airport Board DPS Retirement Plan
    DART Employees’ Defined Benefit Retirement Plan & Trust
    Denton Firemen’s Relief and Retirement Fund
    El Paso Firemen & Policemen’s Pension Fund
    Employees Retirement System of Texas
    Fort Worth Employees Retirement Fund
    Galveston Employee’s Retirement Fund
    Galveston Firefighter’s Relief & Retirement Fund
    Guadalupe-Blanco River Authority
    Harlingen Firemen’s Relief & Retirement Fund
    Harris County Hospital District Pension Plan
    Houston Firefighters’ Relief & Retirement Fund
    Houston MTA Non-Union Pension Plan
    Houston MTA Workers Pension Plan
    Houston Municipal Employees Pension System
    Houston Police Officers’ Pension System
    Irving Firemen’s Relief & Retirement Fund
    Irving Supplemental Benefit Plan
    Killeen Firemen’s Relief & Retirement Fund
    Laredo Firefighters Retirement System
    Longview Firemen’s Relief & Retirement Fund
    Lower Colorado River Authority Retirement Plan
    Lubbock Fire Pension Fund
    McAllen Firemen’s Relief & Retirement Fund
    Midland Firemen’s Relief & Retirement Fund
    Odessa Firefighters’ Relief & Retirement Fund
    Plano Retirement Security Plan
    Port Arthur Firemen’s Relief & Retirement Fund
    Port of Houston Authority Retirement Plan
    San Angelo Firemen’s Relief & Retirement Fund
    San Antonio Fire & Police Pension Fund
    San Antonio Metropolitan Transit Retirement Plan
    Teacher Retirement System of Texas
    Temple Firemen’s Relief & Retirement Fund
    Texarkana Firemen’s Relief & Retirement Fund
    Texas County & District Retirement System
    Texas Emergency Services Retirement System
    Texas Municipal Retirement System
    THA Master Trust for Member Hospitals
    The Woodlands Firefighters’ Retirement System
    Tyler Firefighters’ Relief & Retirement Fund
    University Health System Pension Plan
    Wichita Falls Firemen’s Relief & Retirement Fund