Pension funds rely on investment assets such as equities and fixed income to provide stable asset growth to support the retirement benefits promised to members. Over the long term, investment returns on pension assets provide most of the income that public retirement systems use to pay benefits. A properly diversified investment program minimizes risk while maximizing investment returns that is suitable for each pension’s situation.

Texas public retirement systems submit information about their investment programs to the PRB. Our staff prepares reports based on information received from systems or research conducted about relevant pension-related topics.