Forum countdown loadingFund Guide
Assets $8.27B #12 of 100 by AUM
Funded ratio 94.2% Latest PRB/SB 322 public value
10Y return 7.75% Assumption 7.00%
Members 10,604 5,305 active / 5,299 annuitants
Investment expense 1.00% % of assets, SB 322
Free data boundary

Published by Simpli-FI Events, using public PRB data.

This page is an event companion profile built from public regulatory data for Summer Forum planning and source review.

No financial advice. Nothing here is investment, actuarial, legal, fiduciary, procurement, provider-selection, or financial advice. Verify current source documents before formal decisions.

Returns and assumptions

Reported performance

1-year return
11.00%
3-year return
5.67%
10-year return
7.75%
Return assumption
7.00%
10Y vs assumption
+0.75 pts

Returns are net-of-fees as reported to the Texas Pension Review Board in the SB 322 Investment Data Report.

Asset allocation

Portfolio composition

Asset classAllocationClass expense
Real Assets 9.91% 0.08%
Fixed Income 24.29% 0.03%
Equities 32.11% 0.03%
Cash 0.01% 0.00%
Alternative Investments 33.39% 0.85%

Displayed percentages are the reported SB 322 allocation rows. The bar normalizes visible categories when rounding or blank rows make totals differ from 100%.

Investment expense breakdown

SB 322 expense categories

Total investment expense
1.00%
Total direct + indirect
0.99%
Audit investment expense
0.09%

Service-level detail

Service category% of assets
Investment consultant 0.01%
Custodial 0.00%
Legal 0.00%
Research 0.00%
Other 0.00%
Total services 0.01%

The PRB services line is an expense category, not a firm-name field. Provider names stay locked unless a source-backed public record exists in the off-site Simpli-FI Signal Desk workspace.

Benefits and membership

PRB public plan detail

Active members
5,305
Annuitants
5,299
Employee contribution
10.50%
Employer contribution
27.12%
Contribution type
Actuarial
Social Security
No

Tier 1

Tier 1 Eligible Members
Hired before 10/9/2004
Age/YCS
60/10
Benefit Formula
Years of Credited Service x 2.75% (First 20 YCS) then 2% (> 20 YCS) x Final Average Salary
Final Average Salary
Highest 36 months
COLA 100% of 5-yr smoothed return - 5%; min 0%, max 4%. Beginning at age 55 with a 3-yr freeze on COLAs for members under 70 yrs until 2021. DROP/PROP Provisions
Forward DROP - 20-yr max; interest: 65% of 5-yr compounded avg fund return, min 2.5%. No COLA or contribs after 7/1/17. Retro DROP - allows member to recalc notional DROP account by selecting a different entrance date. PROP - same interest as DROP. One-time lump sum payment of $5,000 at retirement.

Tier 2

Tier 2 Eligible Members
Members hired on/after 10/09/2004
Age/YCS
60/10
Benefit Formula
Years of Credited Service x 2.25% (First 20 YCS) then 2.0% (>20 YCS) x Final Average Salary; max 80%
Final Average Salary
Highest 36 months
COLA 100% of 5-yr smoothed return - 5%; min 0%, max 4%. Beginning at age 55 with a 3-yr freeze on COLAs for members under 70 yrs until 2021. DROP/PROP Provisions
Forward DROP - 20-yr max; interest: 65% of 5-yr compounded avg fund return, min 2.5%. No COLA or contribs after 7/1/17. Retro DROP - allows member to recalc notional DROP account by selecting a different entrance date. PROP - same interest as DROP. One-time lump sum payment of $5,000 at retirement.
Paid dashboard preview

What stays locked in the free forum guide