Is Texas’ definition of an actuarially sound public pension system outdated?  

In Politics by Michael Rae

Last month, the Texas House Appropriations Committee gathered to hear state budget requests from agency heads. Rising costs and the impacts of inflation took center stage as pension stakeholders and retirees, for example, reported on how rising inflation is eroding their pension benefits.

With the challenge of inflation likely to continue to be at the forefront of all of the state’s major financial discussions when the Texas legislature reconvenes in January 2023, it is essential to understand how the state government determines the health of its public pension funds and how policymakers can protect public retirees from the degradation effects