Tex. Gov't Code § 802.1085 · Subchapter B. STUDIES AND REPORTS
BIENNIAL REPORT ON INVESTMENT RETURNS OF CERTAIN PUBLIC RETIREMENT SYSTEMS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) This section applies only to the:
(1) Employees Retirement System of Texas; and
(2) Teacher Retirement System of Texas.
(b) Not later than December 31 of each even-numbered year, the governing body of a public retirement system shall submit to the governor, the lieutenant governor, and each member of the legislature a report that details and compares the assumed rate of return and the annualized actual time-weighted rate of return achieved by the system for the most recent 1-year, 5-year, 10-year, and 20-year fiscal periods. The report must include:
(1) for each period, an estimate of what the market value of the invested assets of the fund would have been as of the most recent fiscal year end had the system achieved the applicable assumed rate of return; and
(2) a comparison of each estimate described by Subdivision (1) and the actual market value of the invested assets in the fund as of the most recent fiscal year end.
(c) The report required by this section may be combined with any other report required by law.
Notes and commentary — not statutory text
History
Added by Acts 2021, 87th Leg., R.S., Ch. 570 (S.B. 483), Sec. 1, eff. September 1, 2021.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.802.htm
- Text hash
- sha256 18825b917bbf7397cba27c860f57f908338bbfc8de34ad594c58a8aa4573f71e
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.