Texas State Pension Review Board:
An Inventory of State Pension Review Board Minutes and Agenda at the Texas State Archives, 1990-2014
In 1979, the Texas State Pension Review Board (TSPRB) was established to conduct a continuing review of the state's public retirement systems by compiling and comparing information about benefits, creditable service structure, financing, and administration across programs; evaluate current and potential risks to the actuarial soundness of retirement plans; provide information, technical, and educational assistance to the state's pension boards; balance equitable distribution of benefits with the efficient use of tax dollars; and recommend policies, practices, and legislation to public retirement systems and their sponsoring governments (House Bill 1506, 66th Texas Legislature, Regular Session). Retirement systems that report to the TSPRB range in size from statewide systems to local government units. These retirement systems contribute funds for the administration of the TSPRB. As of 2014, the TSPRB consists of an executive director and 13 additional staff persons.
From 1979 to 2013, the TSPRB consisted of nine members, seven of whom were appointed by the governor plus one state senator appointed by the lieutenant governor and one state representative appointed by the Speaker of the House. In 2013, the legislature reduced the TSPRB to seven-members by eliminating the legislative member positions (Senate Bill 200, 83rd Legislature, Regular Session). Members serve six-year staggered terms. Three members must have experience in the field of securities investment, pension administration, or pension law; one member must be an actuary; one member must have experience in government finance; one person must be a contributing member of a public retirement system; and the remaining member must be receiving benefits from a public retirement system. Board members serve on committees that report to the board-at-large. According to TSPRB's enacting legislation, the board met six times per year. By 1990, the board met quarterly.
(Sources include: Guide to State Agencies,11th edition (2001); the Texas State Pension Review Board website (http://www.prb.state.tx.us/), accessed August 18, 2016; various Texas State Pension Review Board annual reports; and the records themselves.)
The Texas State Pension Review Board (TSPRB) reviews, studies, and makes recommendations regarding the state's public retirement systems to ensure financial soundness, equitable benefits, and proper management. Records primarily consist of meeting minutes, dating 1990-2014. Agenda and agenda attachments (such as correspondence, reports, survey results, resolutions, other background information, and a seminar announcement) are also present. Subjects include comparisons between the various retirement systems and benefit plans both in Texas and in the United States, rules for the establishment of public employee retirement districts, ways to determine actuarial soundness, results of surveys regarding Texas retirement programs, trainings provided to retirement systems through seminars and presentations, affects of the legislature raising or lowering state contributions to retirement systems, strategies to fund needs of retired public service employees, efforts to centrally distribute information about benefits, and attempts to standardize investment portfolios. TSPRB's relationship with the non-profit Texas Association of Public Employee Retirement Systems is also present. Retirement systems reflected in the records range in size from statewide systems (e.g., Teacher Retirement System of Texas and Texas Employees Retirement System) to plans for local government employees (e.g., fire fighter funds, law enforcement trusts, and hospital district plans).
Minutes are created to document in a thorough yet summary fashion the official actions of the board in its meetings. Agenda inform the public as to what will be discussed and/or decided at each board meeting. Agenda attachments provide background information for topics discussed at board meetings. The majority of the records document board-at-large meetings, but minutes to some committee and work session meetings are present. The seminar announcement, for the Public Pension Seminar hosted by the TSPRB on November 20, 1996, includes biographies for two featured speakers.
To prepare this inventory, the described materials were cursorily reviewed to delineate series, to confirm the accuracy of contents lists, to provide an estimate of dates covered, and to determine record types.
Restrictions on Access
Materials do not circulate, but may be used in the State Archives search room. Materials will be retrieved from and returned to storage areas by staff members.
Restrictions on Use
Most records created by Texas state agencies are not copyrighted. State records also include materials received by, not created by, state agencies. Copyright remains with the creator. The researcher is responsible for complying with Copyright Law (Title 17 U.S.C.).
(Identify the item), Texas State Pension Review Board minutes. Archives and Information Services Division, Texas State Library and Archives Commission.
Accession numbers: 1998/170, 1999/061, 2000/034, 2001/013, 2002/088, 2003/152, 2004/061, 2005/011, 2005/073, 2006/014, 2006/285, 2007/042, 2008/081, 2009/042, 2010/141, 2011/090, 2013/038, 2014/003, 2015/012, and 2015/230
These records were transferred to the Archives and Information Services Division of the Texas State Library and Archives Commission by the Texas State Pension Review Board on June 11 and December 3, 1998; September 29, 1999; September 28, 2000; December 31, 2001; April 29 and November 14, 2003; December 6, 2004; September 15, 2005; October 23, 2006; January 22 and October 10, 2008; August 30, 2010; October 29, 2012; September 3, 2013; and September 4, 2014; and by the Texas Legislative Reference Library on September 13, 2004; January 26, 2006; September 10, 2010; and December 13, 2012.
Initial processing by Tony Black, September 2005 and August 2010
Five new accessions and descriptions added by Anna M. Reznik, August 2016
The Texas State Pension Review Board transfers copies of its minutes to the Texas State Archives regularly.
The Texas State Pension Review Board mounts board meeting minutes and agenda on its website (http://www.prb.state.tx.us/about/board/board-meetings/).
The record copies of minutes and agenda are maintained by the Texas State Pension Review Board.
Detailed Description of the Records