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Texas state, local pension funds maintaining 'positive trend performance'

Texas public pension funds are maintaining 'positive trend performance' according to a report from the Texas Association of Public Employee Retirement Systems.

By Marlene Y. Satter | Updated on November 13, 2017
Texas public pension funds are maintaining 'positive trend performance.' (Photo: Shutterstock)

Despite the fact that a number of Texas’ 93 state and local pension funds reduced their target rate below eight percent, a new report from the Texas Association of Public Employee Retirement Systems says that the funds combined in 2016–2017 to maintain positive trend performance in the key metric recommended by the Texas Pension Review Board.

The reduction in the target rate, the report finds, despite being a conservative move that, “mathematically, could have moved pension systems in undesirable directions,” did not interrupt the “steady trend data.”

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