Recognizing the Texas Association of Public Employee Retirement Systems on the occasion of its 30th anniversary.
TEXPERS plays a significant role in the economic ecosystem of Texas, with public pension systems contributing over $29 billion in economic stimulus in 2018 alone. This contribution also extends to tax revenues, generating approximately $4.4 billion in federal, state, and local taxes. The resolution acknowledges the crucial support these retirement systems provide to public employees and the broader community, demonstrating their importance in ensuring secure retirements for those who serve the public.
Senate Resolution 29 recognizes the Texas Association of Public Employee Retirement Systems (TEXPERS) on the occasion of its 30th anniversary, celebrated in 2019. The resolution highlights the organization's role as a nonprofit entity established to educate and advocate for effective management of public employee retirement systems in Texas. Founded in 1989, TEXPERS has become a central figure in representing nearly 300,000 public employees, including those from police and fire departments, municipalities, and other agencies.
While the resolution is largely celebratory, it implicitly underlines ongoing conversations about public pension systems and their management. Discussions might focus on the sustainability of these systems, the training provided to trustees and administrators, and the legislative challenges faced by public pension funds. The resolution's adoption reflects a recognition of the association's contributions in maintaining the soundness of these systems and the need for ongoing advocacy in an evolving legislative framework.