Congratulating the Texas Association of Public Employee Retirement Systems on its 30th anniversary.
Through this resolution, HR64 not only celebrates the milestones of TEXPERS but also emphasizes the economic contribution of public pension systems to the state's economy. In 2018, public employee retirement systems in Texas provided over $29 billion in economic stimulus, generating approximately $4.4 billion in taxes at federal, state, and local levels. This aspect of the resolution underscored the importance of stable and well-managed pension systems to the overall economic health of Texas, thereby reinforcing the narrative that public pensions benefit not just the employees, but the community at large.
House Resolution 64 (HR64) was introduced to commend the Texas Association of Public Employee Retirement Systems (TEXPERS) on its 30th anniversary. The resolution highlights the significant role TEXPERS plays in advocating for public employee retirement systems and ensuring the secure retirement of Texans who have dedicated their careers to public service. Founded in 1989, TEXPERS has represented nearly 300,000 active and retired employees across various sectors, including police, fire departments, municipalities, and community colleges. The resolution serves to express recognition of the organization’s achievements over the past three decades.
The sentiment surrounding HR64 is largely positive, reflecting a consensus among legislators on the value of public employee retirement systems and the organization that supports them. The resolution received unanimous support and represents a non-controversial acknowledgment of the efforts made by TEXPERS in promoting good governance and effective management of retirement benefits, which is crucial for public employees.
Since HR64 is a celebratory resolution rather than a legislative change or initiative, there appears to be minimal contention surrounding it. The resolution aligns with a general appreciation for public service and the systems in place that support public employees after their careers. As such, it acts as a bipartisan acknowledgment of past achievements and ongoing efforts within the realm of public employee retirement.