Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Board Actions topic
No spam. Unsubscribe anytime.
PRB actions: minutes approved; Keith Brainard reelected vice chair; executive director pay and FY26 budget approved
Summary
At its July 10 meeting the Pension Review Board approved minutes from Dec. 4, 2024, reelected Keith Brainard as vice chair for 2025, approved a two-step salary increase for the executive director effective Sept. 1 of 2025 and 2026, and adopted the agency's FY2026 operating budget.
The Pension Review Board took multiple formal actions July 10 during its public meeting in Austin.
Minutes: The board approved the minutes of the Dec. 4, 2024 meeting. A motion to approve the minutes was made and seconded; the chair called for a voice vote and the motion carried.
Vice chair election: The board conducted its annual election for vice chair (per board bylaws for the first meeting of 2025). Keith Brainard was nominated, seconded, and approved by voice vote to continue as vice chair for 2025.
Executive director compensation: Following an executive session to discuss personnel matters, the board voted to increase the executive director’s salary to $156,240 effective Sept. 1, 2025 and to $164,240 effective Sept. 1, 2026. The motion was moved and seconded in open session; the chair stated the motion reflected the board’s “tremendous satisfaction with the performance of the executive director.” The motion passed on a voice vote.
FY 2026 operating budget: The board approved the agency’s fiscal year 2026 operating budget as presented and updated to reflect the approved executive director salary. The motion carried on a voice vote.
Why it matters: The actions set the PRB’s leadership for 2025, establish compensation and resources for the agency’s FY2026 work plan and reflect board oversight of staffing and budget priorities.
