Andrew Keese

This Investment Policy Statement for the Employees Retirement System of Texas serves as a framework for managing its trust funds to support current and future beneficiary benefits. The plan outlines the System's investment philosophy, objectives, and governance structure, emphasizing a long-term perspective, prudent asset allocation, and risk management. Key areas include defining legal authority and fiduciary duties, detailing investment philosophy and performance objectives, establishing asset allocation parameters, and providing guidelines for asset classes, leverage, risk, and securities lending. It also covers trust monitoring, reporting, and a comprehensive Code of Ethics to ensure integrity and compliance in investment decisions.

The Employees Retirement System of Texas (ERS) outlines its strategic direction to enhance members' lives through competitive benefits and prudent trust fund management, guided by principles including Trust, Integrity, and Service. The plan focuses on four key goals: supporting members' retirement income security by ensuring actuarially sound retirement plans and strong stewardship of trust assets; sustaining competitive group benefits programs through value-driven offerings and promoting health; engaging stakeholders for informed decision-making through education and responsive communication; and enhancing agency performance and accountability via efficient processes, data security, and staff development.