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Pension Review Board unanimously backs study of Telfer funding reforms, will monitor FSRP effects
Summary
Following an actuarial presentation showing funding pressures for smaller Telfer systems, the PRB voted unanimously to direct staff to study methods to improve Telfer plan funding for potential 2027 legislative recommendations and to monitor effects of recent FSRP statute changes.
The Pension Review Board voted unanimously Dec. 11 to direct staff to study methods to improve funding for Telfer retirement systems and to prepare potential legislative recommendations for the 2027 session. The board also voted unanimously to direct staff to monitor the effects of recent Funding Soundness Restoration Plan (FSRP) statute changes and report back after September 2025.
The decisions followed a detailed presentation from PRB staff actuary David Fee, who outlined trends in funding periods, funded ratios, and system-level risks across Texas public retirement systems. Fee highlighted that while aggregate funded ratios have been relatively stable, a subset of smaller systems is facing long or even…
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