It’s been nearly two years since the Texas Sunset Advisory Commission released its report on the state’s largest public pension fund, the Teachers Retirement System of Texas (TRS). The below analysis recaps the committee’s findings and reviews TRS’s recent responses to the Commission’s recommendations. This commentary builds upon previous analysis of the Sunset Committee’s recommendations that can be found here.
Quick Facts—Sunset Commission Findings and Recommendations:
Staff Report Issue #3: “As One of the Largest Public Pension Funds in the U.S., TRS Would Benefit from Additional Oversight and Greater Transparency of Its Investment Practices.”
Staff Report Finding: “TRS lacks stakeholder- and member-friendly