Director Iii at Employees Retirement System of Texas
Employing Organization
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Decision makers at Employees Retirement System of Texas
Audit Manager
Chief Financial Officer
Chief Information Officer
Chief Investment Officer
Chief Operating Officer
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The Employees Retirement System of Texas submitted aLegislative Appropriations Request (LAR) for the fiscal years 2028-2029, which is a proposed request presented to the Texas Legislature for funding consideration.
The committee reviewed internal audit reports, specifically focusing on the Service Purchases Audit. The audit evaluated FY25 service purchase activity, examining key areas including calculation and eligibility, collections, crediting, and security and access controls. The audit resulted in an overall satisfactory assessment of the service purchase processes.
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The board meeting covered several key agenda items, including the presentation of the 2026 Board of Trustees self-evaluation results and the adoption of a new Governance Manual. The board reviewed an agency update that encompassed the financial report for the ERS building, the Legislative Appropriations Request, and the 2026 Survey of Employee Engagement results. Budgetary considerations were prominent, with the board reviewing and considering the Fiscal Year 2027 Operating and Capital budgets. Additionally, the meeting included an executive session regarding the Executive Director's evaluation and a discussion on the proposed Calendar Year 2027 rates for the HealthSelect Medicare Advantage Preferred Provider Organization plan.
The strategic plan outlines the organization's long-term direction by focusing on four key goals: supporting members' retirement income security, sustaining competitive group benefits programs, engaging stakeholders for informed decision-making, and enhancing agency performance and accountability. The plan aims to achieve these goals through actuarially sound retirement plans, prudent management of trust assets, competitive group benefits, effective communication, and continuous improvement in efficiency, security, and staff development. The vision emphasizes engaging members, fostering collaboration, providing sustainable benefits, driving innovation, and cultivating a model work environment.
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