Section 802.109, Texas Government Code 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 PRB provides informal IPPE 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 2024 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. A new edition of the Investment Performance Report will be available later this year.
Please find the most recently completed evaluations below.
Abilene Firemen’s Relief & Retirement Fund Initial IPPE
Amarillo Firemen’s Relief & Retirement Fund Initial IPPE
Austin Employee’s Retirement System Initial IPPE
Austin Firefighters Relief & Retirement Fund Initial IPPE
Austin Police Retirement System Initial IPPE
Beaumont Firemen’s Relief & Retirement Fund Initial IPPE
Capital Metro Administrative Employees Pension Plan Initial IPPE
City of El Paso Employees Retirement Trust Initial IPPE
Corpus Christi Fire Fighters’ Retirement System Initial IPPE
Corpus Christi Regional Transportation Authority Initial IPPE
CPS Energy Pension Plan Initial IPPE
Dallas County Hospital District Retirement Income Plan Initial IPPE
Dallas Employees’ Retirement Fund Initial IPPE
Dallas Police & Fire Pension System-Combined Plan Initial IPPE
Dallas/Fort Worth Airport Board DPS Retirement Plan Initial IPPE
DART Employees’ Defined Benefit Retirement Plan & Trust Initial IPPE
Denton Firemen’s Relief and Retirement Fund Initial IPPE
El Paso Firemen & Policemen’s Pension Fund Initial IPPE
Employees Retirement System of Texas Initial IPPE
Fort Worth Employees Retirement Fund Initial IPPE
Galveston Employee’s Retirement Fund Initial IPPE
Galveston Firefighter’s Relief & Retirement Fund Initial IPPE
Guadalupe-Blanco River Authority Initial IPPE
Harlingen Firemen’s Relief & Retirement Fund Initial IPPE
Harris County Hospital District Pension Plan Initial IPPE
Houston Firefighters’ Relief & Retirement Fund Initial IPPE
Houston MTA Non-Union Pension Plan Initial IPPE
Houston MTA Workers Pension Plan Initial IPPE
Houston Municipal Employees Pension System Initial IPPE
Houston Police Officers’ Pension System Initial IPPE
Irving Firemen’s Relief & Retirement Fund Initial IPPE
Irving Supplemental Benefit Plan Initial IPPE
Killeen Firemen’s Relief & Retirement Fund Initial IPPE
Laredo Firefighters Retirement System Initial IPPE
Longview Firemen’s Relief & Retirement Fund Initial IPPE
Lower Colorado River Authority Retirement Plan Initial IPPE
Lubbock Fire Pension Fund Initial IPPE
McAllen Firemen’s Relief & Retirement Fund Initial IPPE
Midland Firemen’s Relief & Retirement Fund Initial IPPE
Odessa Firefighters’ Relief & Retirement Fund Initial IPPE
Plano Retirement Security Plan Initial IPPE
Port Arthur Firemen’s Relief & Retirement Fund Initial IPPE
Port of Houston Authority Retirement Plan Initial IPPE
San Angelo Firemen’s Relief & Retirement Fund Initial IPPE
San Antonio Fire & Police Pension Fund Initial IPPE
San Antonio Metropolitan Transit Retirement Plan Initial IPPE
Teacher Retirement System of Texas Initial IPPE
Temple Firemen’s Relief & Retirement Fund Initial IPPE
Texarkana Firemen’s Relief & Retirement Fund Initial IPPE
Texas County & District Retirement System Initial IPPE
Texas Emergency Services Retirement System Initial IPPE
Texas Municipal Retirement System Initial IPPE
THA Master Trust for Member Hospitals Initial IPPE
The Woodlands Firefighters’ Retirement System Initial IPPE
Tyler Firefighters’ Relief & Retirement Fund Initial IPPE
University Health System Pension Plan Initial IPPE
Wichita Falls Firemen’s Relief & Retirement Fund Initial IPPE
Amarillo Firemen’s Relief & Retirement Fund 2024 IPPE
Austin Employee’s Retirement System 2024 IPPE
Austin Firefighters Relief & Retirement Fund 2024 IPPE
Austin Police Retirement System 2024 IPPE
Beaumont Firemen’s Relief & Retirement Fund 2024 IPPE
City of El Paso Employees Retirement Trust 2024 IPPE
Corpus Christi Fire Fighters’ Retirement System 2024 IPPE
CPS Energy Pension Plan 2024 IPPE
Dallas Area Rapid Transit Retirement Plan 2024 IPPE
Dallas County Hospital District Retirement Income Plan 2024 IPPE
Dallas Employees’ Retirement Fund 2024 IPPE
Dallas Police & Fire Pension System-Combined Plan 2024 IPPE
Dallas/Fort Worth Airport Board DPS Retirement Plan 2024 IPPE
Denton Firemen’s Relief and Retirement Fund 2024 IPPE
El Paso Firemen & Policemen’s Pension Fund 2024 IPPE
Employees Retirement System of Texas 2024 IPPE
Fort Worth Employees Retirement Fund 2024 IPPE
Harris County Hospital District Pension Plan 2024 IPPE
Houston Firefighters’ Relief & Retirement Fund 2024 IPPE
Houston MTA Non-Union Pension Plan 2024 IPPE
Houston MTA Workers Pension Plan 2024 IPPE
Houston Municipal Employees Pension System 2024 IPPE
Houston Police Officers’ Pension System 2024 IPPE
Irving Firemen’s Relief & Retirement Fund 2024 IPPE
Laredo Firefighter’s Retirement System 2024 IPPE
Lower Colorado River Authority Retirement Plan 2024 IPPE
Lubbock Fire Pension Fund 2024 IPPE
Plano Retirement Security Plan 2024 IPPE
Port of Houston Authority Retirement Plan 2024 IPPE
San Antonio Fire & Police Pension Fund 2024 IPPE
San Antonio Metropolitan Transit Retirement Plan 2024 IPPE
Teacher Retirement System of Texas 2024 IPPE
Texas County & District Retirement System 2024 IPPE
Texas Emergency Services Retirement System 2024 IPPE
Texas Municipal Retirement System 2024 IPPE
THA Master Trust for Member Hospitals 2024 IPPE
University Health System Pension Plan 2024 IPPE