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Texas Bill Seeks to Boost Employee, Employer Pension Contributions

The Texas House of Representatives unveiled a bill on Tuesday aimed at shoring up the funding status of its pension system. The reforms specifically target members of the Employees Retirement System (ERS), which is 76 percent funded. The bill would boost contributions to the System for both employees and employers. More details from the Texas Tribune: The ...
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Texas Pension Official Calls For Better Funding, Offers Options to Lawmakers

The executive director of Texas’ Employee Retirement System testified in front of the state Senate Finance Committee. Executive Director Ann Bishop used the opportunity to call for measures to improve the system’s funding, and warn that credit downgrades could be coming sooner than later if lawmakers stand pat. Bishop offered lawmakers some options ...
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