Your Money and Pension Obligations
Published December 2012
To give Texans a closer look at the operations and finances of public pension plans in Texas and across the U.S., the Comptroller’s office prepared Your Money and Pension Obligations, the fourth in a series of “Texas, It’s Your Money” reports examining various facets of state and local spending and debt.
Take a closer look at the finances of state and local pension plans throughout Texas using our Public Pension Search Tool. This tool includes details on state and local pension plans in Texas as reported to the Pension Review Board and submitted by each plan in response to public information requests from the Comptroller’s office.
Call to Action
Many public pension plans throughout the U.S. have been inadequately funded, and the dramatic downturn in investment earnings during the Great Recession brought some to the brink of insolvency.
While most Texas plans remain stable, the issue of pension funding is a significant problem that deserves close attention.
Tools and Resources
- Public Pension Search Tool
- Snapshots: Case Studies of Two Pension Plans (PDF, 537K)
- Report Appendix – Pension Plan Design (PDF, 270K)
- A Review of Defined Benefit, Defined Contribution, and Alternative Retirement Plans (PDF, 1.1M)
- Financial Economics and Public Pensions (PDF, 512K)
- Understanding the Basics of Actuarial Methods (PDF, 328K)
- Retirement Benefits in the Public and Private Sectors (PDF, 1.1M)
- Who administers local pension plans?
- Texas Retirement Systems’ Legislative and Statutory Authority