The latest employee retirement system news from The Texas Tribune.
Senate Bill 321 would enroll new state workers in a cash-balance plan — similar to a common 401(k) retirement account — rather than the defined-benefit pension plan that current employees have. Full Story
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Senate Bill 321 would also authorize yearly payments to shore up $14.7 billion in unfunded pension obligations. Full Story
Senate Bill 321 would enroll new employees eligible for the Texas Employees Retirement System in a cash balance plan — similar to a common 401(k) retirement account — instead of the traditional, defined benefit pension plan. Full Story
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Trustees for the Employees Retirement System of Texas voted Wednesday to decrease earnings assumptions for its $26 billion trust fund, a rare move that could have major implications for the state budget and the retirement system’s beneficiaries. Full Story
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The Employees Retirement System of Texas is considering lowering its earnings assumption for the $26 billion trust fund. Labor advocates fear the move would push lawmakers to cut benefits or require current workers to chip in more. Full Story
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Senators believe they have found a way to save $80 million on health care for state employees. But medical schools say the savings would come at their expense. Full Story
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Sen. Van Taylor's bill would let the public find out when former lawmakers with felony convictions are receiving state pensions Full Story
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More than two dozen former elected officials convicted of felonies may be receiving taxpayer-funded retirement pay. But state law keeps the details secret. Full Story
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State Rep. Dawnna Dukes announced her retirement in September, but doesn't plan to make it official until Tuesday. That would make her annual pension payout $3,220 bigger. Full Story
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Thousands of retired Texas state workers are essentially stuck in 2001. Though health care, food and pretty much everything else keep getting more expensive, their monthly pension checks haven’t budged. Full Story
Between now and the next legislative session, Texas lawmakers will be tinkering with an obscure formula that links their own state pensions to the salaries of state judges. Full Story
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The Texas Senate on Friday voted to beef up the state’s underfunded retirement system for state employees by adding about $440 million to the program, a plan that has received mixed reviews from state employee advocacy groups. Full Story
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State workers would pay more into their retirement system but get pay raises to offset the cost under legislation that earned preliminary House approval Monday. Full Story
Texas House leaders unveiled a plan Tuesday to shore up the state's chronically underfunded retirement system for employees that requires workers to pay more into the system, but gives them a pay raise to offset the cost. Full Story
Lawmakers are talking seriously about a 21.5 percent pay raise for state district judges, which would increase the pensions of those same lawmakers by that same amount. Full Story
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Political insiders rarely take things at face value, so it’s not surprising that they are scratching their collective heads over Ann Bishop’s sudden hiring and equally sudden departure from the office of Gov. Rick Perry. Full Story
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Days before she became Gov. Rick Perry's chief of staff, Ann Bishop — already the highest-paid executive officer at a state agency — received a $162,500 bonus from the Employees Retirement System, records show. Full Story
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Texas' public pension systems — including the one state lawmakers pay into — have an airtight exemption from the landmark 1973 sunshine law that was designed to let taxpayers known how public money is being spent. But some lawmakers want to change that. Full Story
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Will the Planned Parenthood brouhaha affect elections? Should state officeholders be able to collect retirement while they're still on the job? And should Texas lawmakers have term limits? Full Story
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Texas has scored a 68 out of 100, placing 27th in a national state integrity study. The state got high marks for auditing and for monitoring pension funds, but not as high for accountability of the governor and legislators. Full Story
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