Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
PRB: number of Texas plans with funding periods over 30 years falls as many complete FSRPs
Summary
PRB staff actuary reported a substantial drop in plans exceeding 30-year funding periods after multiple systems completed Funding Soundness Restoration Plans; some systems remain at-risk and the board flagged immediate-trigger rules for new valuations.
A PRB staff actuary told the Pension Review Board on Wednesday that the number of Texas public retirement systems with funding periods above 30 years has fallen sharply after several systems completed Funding Soundness Restoration Plans (FSRPs).
"The counter systems greater than 30 years has decreased substantially from 26 in November '23 down to 18 systems today," the staff actuary said. He said, after accounting for recent FSRPs and follow-up notes, the working list of high-risk…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
