Forum countdown loadingFund Guide
Assets $80M #91 of 100 by AUM
Funded ratio 60.7% Latest PRB/SB 322 public value
10Y return 5.56% Assumption 7.80%
Members 344 184 active / 160 annuitants
Investment expense 0.59% % of assets, SB 322
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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
9.23%
3-year return
1.35%
10-year return
5.56%
Return assumption
7.80%
10Y vs assumption
-2.24 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
Fixed Income 31.39% 0.08%
Equities 57.75% 0.33%
Cash 3.73% 0.00%
Alternative Investments 0.14% 0.01%

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
0.59%
Total direct + indirect
0.42%
Audit investment expense
0.18%

Service-level detail

Service category% of assets
Investment consultant N/A
Custodial N/A
Legal N/A
Research N/A
Other N/A
Total services N/A

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
184
Annuitants
160
Employee contribution
18.50%
Employer contribution
20.20%
Contribution type
Fixed
Social Security
No

Tier 1

Tier 1 Eligible Members
Employed prior to 1/1/2020
Age/YCS
50/20
Benefit Formula
"Hired Before 5/1/1986: 67.5% x Final Average Salary + $230 x YCS > 20 Hired on/after 5/1/1986: 66.0% x Final Average Salary + $230 x YCS > 20"
Final Average Salary
Highest 48 months
COLA For members with 20 YCS and termed btwn 1/1/97 and 3/1/13: 1.2% compounded after age 61. For members with 20 YCS and termed after 3/1/13: 1.2% compounded after age 65. DROP/PROP Provisions
Forward DROP, 4 yr. max. 6% interest (through retirement date) and employee contributions credited. Or, Retro DROP, 4 yr. max. 6% interest (through retirement date) and employee contributions credited.

Tier 2

Tier 2 Eligible Members
Hired on/after 1/1/2020
Age/YCS
55/25
Benefit Formula
"Hired Before 5/1/1986: 67.5% x Final Average Salary + $230 x YCS > 25 Hired on/after 5/1/1986: 66.0% x Final Average Salary + $230 x YCS > 25"
Final Average Salary
Highest 48 months
COLA For members with 20 YCS and termed btwn 1/1/97 and 3/1/13: 1.2% compounded after age 61. For members with 20 YCS and termed after 3/1/13: 1.2% compounded after age 65. DROP/PROP Provisions
Forward DROP, 4 yr. max. 6% interest (through retirement date) and employee contributions credited. Or, Retro DROP, 4 yr. max. 6% interest (through retirement date) and employee contributions credited.
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