Some Texas Pension Funds OK in 2017, Not so Good Long Term

This report needs to be a warning for Georgetown to watch their pension fund even though Georgetown's pension fund, Texas Municipal Retirement System, was not a part of the study reported herein.  City Council needs to make sure it is fully funded with an assumed rational discount rate. Texas Public Pension Funds 

Texas’ public employee pension funds returned an average of 11% in 2017, as they rode the strong gains of US equities last year, according to a survey by Maples Fund Services for the Texas Association of Public Employee Retirement Systems (TEXPERS).

The report from Maples reviewed the asset allocation and investment performance for 63 local pension systems that are members of TEXPERS, which have a combined market value of approximately $57.1 billion. It found that the 63 funds’ average annualized returns for one, three, five, 10, 15, and 20 years were 11.0%, 5.5%, 7.4%, 4.9%, 7.7%, and 6.6% respectively. Overall, the Texas public retirement system has 75 member systems, with approximately 2 million participants, and $165 billion in assets.