document resume ed 429 966 institution texas …files.eric.ed.gov/fulltext/ed429966.pdfdocument...
TRANSCRIPT
DOCUMENT RESUME
ED 429 966 SP 038 468
TITLE Improving Service into the 21st Century. A Strategic Planfor the Teacher Retirement System of Texas 1999-2003.
INSTITUTION Texas Teacher Retirement System, Austin.PUB DATE 1998-06-00NOTE 135p.
PUB TYPE Guides Non-Classroom (055)
EDRS PRICE MF01/PC06 Plus Postage.DESCRIPTORS Educational Legislation; Elementary Secondary Education;
Higher Education; Public Schools; *Retirement Benefits;State Government; State Legislation; Teacher EmploymentBenefits; *Teacher Retirement; Teachers
IDENTIFIERS Texas
ABSTRACTThis report presents the Teacher Retirement System of
Texas's (TRS's) strategic plan for teacher retirement in the state of Texasfor the years 1999-2003. The mission of the TRS is to deliver retirement andrelated benefits authorized by law for members and their beneficiaries and toprudently invest and manage the assets held in trust for members andbeneficiaries in an actuarially sound system. Section 1 of this reportpresents State of Texas Strategic Elements (state vision, mission, andphilosophy regarding education and teaching) . Section 2 discusses Internaland External Assessment at TRS: Legislative and Historical Framework, AgencyMission and Philosophy, Core Competencies, Major Challenges, TRSOrganizational Structure, Membership Base, Legislative Impact, FiscalAttributes, Resources, Technological Developments, Summary Statement, TRSContributions to Texas Priority Goals, and Accomplishments and Commitments.Section 3 presents TRS Strategic Goals (including objectives and strategies).The four appendixes present the Strategic Planning Steering Committee, theTRS strategic planning process, projections of outcomes for 5-year planninghorizon, and performance measure definitions. (SM)
********************************************************************************* Reproductions supplied by EDRS are the best that can be made *
* from the original document. *
********************************************************************************
TE
AC
HE
R R
ET
IRE
ME
NT
SY
STE
M O
F T
EX
AS
Impr
ovin
gSe
rvic
e In
toth
e 21
stC
entu
ryA
Str
ateg
ic P
lan
for
the
Tea
cher
Ret
irem
ent S
yste
m o
f T
exas
1999
-200
3
2B
ES
TC
OP
Y A
VA
ILA
BLE
PE
RM
ISS
ION
TO
RE
PR
OD
UC
E A
ND
DIS
SE
MIN
AT
E T
HIS
MA
TE
RIA
L H
AS
BE
EN
GR
AN
TE
D B
Y
14kt
yr&
/v\
TO
TH
E E
DU
CA
TIO
NA
L R
ES
OU
RC
ES
INF
OR
MA
TIO
N C
EN
TE
R (
ER
IC)
U.S
. DE
PA
RT
ME
NT
OF
ED
UC
AT
ION
Offi
ce o
f Edu
catio
nal R
esea
rch
and
Impr
ovem
ent
ED
UC
AT
ION
AL
RE
SO
UR
CE
S IN
FO
RM
AT
ION
CE
NT
ER
(E
RIC
)O
Thi
s do
cum
ent h
as b
een
repr
oduc
ed a
sre
ceiv
ed fr
om th
e pe
rson
or
orga
niza
tion
orig
inat
ing
it.O
Min
or c
hang
es h
ave
been
mad
e to
impr
ove
repr
oduc
tion
qual
ity.
Poi
nts
of v
iew
or
opin
ions
sta
ted
in th
isdo
cum
ent d
o no
t nec
essa
rily
repr
esen
tof
ficia
l OE
RI p
ositi
on o
r po
licy.
3
Ipr
ovin
g S
ervi
ce In
toth
e 21
st C
entu
ryA
Str
ateg
ic P
lan
for
the
Tea
cher
Ret
irem
ent S
yste
m o
f Tex
as19
99-2
003
Boa
rd o
f Tru
stee
sJa
mes
H. (
Jim
) Si
mm
s (C
hair
man
)
Kat
hryn
Str
eam
, Ph.
D. (
Vic
e C
hair
man
)
Jam
es P
. Cum
min
gs, S
r.
H. B
arha
m F
ulm
er, 1
1
Bre
nda
L. J
acks
on
Cec
ilia
M. M
oren
o, E
d.D
.
Wen
dell
Whi
ttenb
urg
Lee
R. W
illia
mso
n, E
d.D
.
Kne
elan
d Y
oung
bloo
d, M
.D.
Hom
etow
nA
mar
illo
Hou
ston
San
Ang
elo
Lin
dale
Dal
las
Lar
edo
Swee
twat
er
Wic
hita
Fal
ls
Dal
las
Subm
itted
on
June
15,
199
8
Sign
ed:
Cha
rles
L. D
unla
pE
xecu
tive
Dir
ecto
r
App
rove
d.Ja
m.(J
im)
Sim
ms
Cha
irià
n, B
oard
of
Tru
stee
s
Ter
m E
xpire
sA
ugus
t 31,
200
1
Aug
ust 3
1, 1
999
Aug
ust 3
1, 2
001
Aug
ust 3
1, 2
003
Aug
ust 3
1, 2
003
Aug
ust 3
1, 2
003
Aug
ust 3
1, 2
001
Aug
ust 3
1, 1
999
Aug
ust 3
1, 1
999
111=
5 T
EA
CH
ER
RE
TIR
EM
EN
T S
YS
TE
M O
F T
EX
AS
4
6
Pref
ace
Impr
ovin
g Se
rvic
e In
to th
e 2
Ist C
entu
ry is
the
Stra
tegi
cPl
an f
or th
e T
each
er R
etir
emen
t Sys
tem
of
Tex
as (
TR
S)fo
r fi
scal
yea
rs 1
999-
2003
. Thi
s pl
an c
ontin
ues
to b
uild
upon
the
stro
ng f
ound
atio
n of
the
prev
ious
pla
n, e
ntitl
edA
New
Beg
inni
ng,1
997
-200
1, f
ocus
ing
on th
e es
sent
ial
core
res
pons
ibili
ties
of th
e sy
stem
deliv
ery
of b
enef
itsan
d m
anag
emen
t of
the
trus
t fun
d.
Dur
ing
the
spri
ng o
f 19
96, t
he a
genc
y's
stra
tegi
c pl
an-
ning
team
con
duct
ed a
com
preh
ensi
ve in
tern
al a
ndex
tern
al a
sses
smen
t of
the
maj
or g
oals
and
issu
es a
ffec
t-in
g T
RS.
In
mor
e th
an 6
0 sm
all g
roup
mee
tings
and
indi
vidu
al in
terv
iew
s w
ith e
mpl
oyee
s, a
ctiv
e an
d re
tired
mem
bers
, mem
ber
asso
ciat
ions
, boa
rd m
embe
rs, s
tate
agen
cies
, leg
isla
tive
staf
f, a
nd o
ther
sta
keho
lder
s, th
est
rate
gic
plan
ning
team
gai
ned
valu
able
insi
ghts
into
the
rew
ards
and
cha
lleng
es o
f ad
min
iste
ring
the
natio
n's
sixt
h la
rges
t pub
lic p
ensi
on f
und.
Impr
ovin
g Se
rvic
e In
to th
e 2
I st
Cen
tury
con
tinue
s th
issa
me
com
mitm
ent.
With
in th
e fr
amew
ork
of o
ur le
gisl
a-tiv
e ch
arte
r an
d m
issi
on, T
RS
is m
eetin
g th
e ne
eds
of it
s
mem
bers
. TR
S st
aff
mem
bers
take
pri
de in
doi
ng th
is,
and
in d
eliv
erin
g pr
ogra
ms
for
whi
ch it
is r
espo
nsib
le.
In d
oing
so,
TR
S fo
cuse
s al
l of
its r
esou
rces
to a
ddre
ssth
e ch
alle
nges
of
serv
ing
its m
embe
rs w
ell.
Impr
ovin
gSe
rvic
e In
to th
e 2
I st
Cen
tury
con
tinue
s th
e bl
uepr
int f
orac
hiev
ing
this
goa
l, an
d fo
r co
ntri
butin
g to
the
pros
peri
tyan
d se
curi
ty o
f re
tired
Tex
as p
ublic
edu
catio
n em
ploy
ees
now
. ..
.an
d on
into
the
next
cen
tury
.
A N
ew B
egin
ning
est
ablis
hed
a st
rong
fou
ndat
ion
for
agen
cy f
isca
l and
man
agem
ent d
ecis
ions
, and
for
pla
ying
a m
eani
ngfu
l rol
e in
sup
port
of
the
Tex
as p
ublic
edu
ca-
tion
syst
em.
TR
S S
take
hold
ers
111=
1S T
EA
CH
ER
RE
TIR
EM
EN
T S
YS
TE
M O
F T
EX
AS
7
Tab
le o
f Con
tent
sI.
Stat
e of
Tex
as S
trat
egic
Ele
men
tsSt
ate
Vis
ion,
Mis
sion
, & P
hilo
soph
y
Stat
e Pr
iori
ty G
oals
that
App
ly to
TR
S
II. I
nter
nal a
nd E
xter
nal A
sses
smen
tat
TR
SL
egis
lativ
e &
His
tori
cal F
ram
ewor
k
Age
ncy
Mis
sion
& P
hilo
soph
y
Cor
e C
ompe
tenc
ies
Ben
efit
Del
iver
yIn
vest
men
t Man
agem
ent
Com
mun
icat
ion
with
Sta
keho
lder
sW
orkf
orce
Dev
elop
men
t
Maj
or C
halle
nges
TR
S O
rgan
izat
iona
l Str
uctu
reG
over
nanc
e Pr
oces
sT
RS
Org
aniz
atio
n C
hart
Key
Org
aniz
atio
nal C
hang
es
Mem
bers
hip
Bas
eM
embe
rshi
p D
emog
raph
ics
Sign
ific
ant D
emog
raph
ic &
Eco
nom
icT
rend
sPu
blic
Per
cept
ion
Leg
isla
tive
Impa
ctIn
tern
al R
even
ue C
ode
1 2 3 5 6 7 8 8 8 8 8 9 10 11 12 13 14 14 15 18 19 19
ER
ISA
Rec
ent F
eder
al A
ctiv
ities
Oth
er L
egal
Iss
ues
Fisc
al A
ttrib
utes
Pens
ion
Fund
ing
Sour
ces
and
Use
sT
RS'
s C
ash
Flow
TR
S A
dmin
istr
ativ
e B
udge
tA
dmin
istr
ativ
e C
ost P
er M
embe
rFu
ndin
g fo
r R
etir
ee H
ealth
Ben
efits
Prog
ram
Inve
stm
ents
Act
uari
al C
ondi
tion
Phys
ical
Fac
ilitie
sU
tiliz
atio
n of
HU
B's
Sum
mar
y of
Fis
cal A
ttrib
utes
Res
ourc
esT
echn
olog
ical
Dev
elop
men
ts
Sum
mar
y St
atem
ent
TR
S C
ontr
ibut
ions
to T
exas
Pri
ority
Goa
ls
Acc
ompl
ishm
ents
and
Com
mitm
ents
Ret
irem
ent B
enef
itsT
RS-
Car
e H
ealth
Ben
efits
Pro
gram
Inve
stm
ents
Ris
k M
anag
emen
tC
omm
unic
atio
nE
mpl
oyee
s
19 19 20 21 21 22 23 24 25 26 27 28 29 31 33 36 39 40 41 42 44 45 46 47 48
iTm
TE
AC
HE
R R
ET
IRE
ME
NT
SY
ST
EM
OF
TE
XA
Siii
89
Tab
le o
f Con
tent
s
III.
TR
S St
rate
gic
Goa
ls49
IV. A
ppen
dice
s53
A: S
trat
egic
Pla
nnin
g St
eeri
ng C
omm
ittee
55
B: T
RS
Stra
tegi
c Pl
anni
ng P
roce
ss55
C: P
roje
ctio
ns o
f O
utco
mes
for
Fiv
e-Y
ear
Plan
ning
Hor
izon
56D
: Per
form
ance
Mea
sure
Def
initi
ons
58
M T
EA
CH
ER
RE
TIR
EM
EN
T S
YS
TE
M O
F T
EX
AS
iv
10
1 1 1
11
Sta
te o
f Tex
asS
trat
egic
Ele
men
ts
M T
EA
CH
ER
RE
TIR
EM
EN
T S
YS
TE
M O
F T
EX
AS
1
13
1 4
ST
AT
E V
ISIO
N"T
oget
her,
we
can
mak
e T
exas
a b
eaco
n st
ate:
a st
ate
whe
re o
ur c
hild
ren
rece
ive
an e
xcel
lent
edu
catio
n so
they
hav
e th
e kn
owle
dge
and
skill
s fo
r th
e ne
xt c
entu
ry;
a st
ate
whe
re p
eopl
e fe
el s
afe
in th
eir
com
mun
ities
and
all
peop
le k
now
the
cons
eque
nces
of
com
mitt
ing
a cr
ime
are
swif
t and
sur
e;
a st
ate
whe
re o
ur la
ws
enco
urag
e jo
bs a
nd ju
stic
e;
a st
ate
whe
re e
ach
citiz
en a
ccep
ts r
espo
nsib
ility
for
his
or
her
beha
vior
; and
a st
ate
whe
re o
ur g
reat
est r
esou
rceo
ur p
eopl
eare
fre
e to
achi
eve
thei
r hi
ghes
t pot
entia
l.
I en
visi
on a
sta
te w
here
it c
ontin
ues
to b
e tr
ue th
at w
hat
Tex
ans
can
drea
m, T
exan
s ca
n do
." Gov
erno
r G
eorg
e W
Bus
h
Febr
uary
, 199
8
ST
AT
E M
ISS
ION
The
mis
sion
ofT
exas
sta
te g
over
nmen
t is
to s
uppo
rt a
nd p
rom
ote
indi
vidu
al a
nd c
omm
unity
eff
orts
to a
chie
ve a
nd s
usta
in s
ocia
lan
d ec
onom
ic p
rosp
erity
for
its
citiz
ens.
ST
AT
E P
HIL
OS
OP
HY
Stat
e go
vern
men
t will
be
ethi
cal,
acco
unta
ble,
and
ded
icat
ed to
serv
ing
the
citiz
ens
ofT
exas
wel
l. St
ate
gove
rnm
ent w
ill o
pera
teef
fici
ently
and
spe
nd th
e pu
blic
's m
oney
wis
ely.
Stat
e go
vern
men
t will
be
base
d on
fou
r co
re p
rinc
iple
s th
at w
illgu
ide
deci
sion
-mak
ing
proc
esse
s.
Lim
ited
and
Effi
cien
t Gov
ernm
ent
Gov
ernm
ent c
anno
t sol
ve e
very
pro
blem
or
mee
t eve
ryne
ed S
tate
gov
ernm
ent s
houl
d do
a f
ew th
ings
and
do
them
wel
l.
Loca
l Con
trol
The
bes
t for
m o
f go
vern
men
t is
one
that
is c
lose
st to
the
peop
le. S
tate
gov
ernm
ent s
houl
d re
spec
t the
rig
ht a
ndab
ilio;
of
loca
l com
mun
ities
to r
esol
ve is
sues
that
aff
ect
them
. The
sta
te m
ust a
void
impo
sing
unf
unde
d m
an-
date
s.
Per
sona
l Res
pons
ibili
tyIt
is u
p to
eac
h in
divi
dual
, not
gov
ernm
ent,
to m
ake
resp
onsi
ble
deci
sion
s ab
out h
is o
r he
r lif
e. P
erso
nal
resp
onsi
bilir
y is
the
key
to a
mor
e de
cent
and
just
soci
ery.
Sta
te e
mpl
oyee
s, to
o, m
ust b
e ac
coun
tabl
e fo
rth
eir
actio
ns.
Sup
port
for
Str
ong
Fam
ilies
The
fam
ily is
the
back
bone
of
soci
ery
and
acco
rdin
gly,
stat
e go
vern
men
t mus
t pur
sue
polic
ies
that
nur
ture
and
stre
ngth
en T
exas
fam
ilies
.
Tex
as s
tate
gov
ernm
ent s
houl
d se
rve
the
need
s of
our
sta
te b
ut
also
be
min
dfiil
of
thos
e w
ho p
ay th
e bi
lls. B
y pr
ovid
ing
the
best
ser
vice
at t
he lo
wes
t cos
t and
wor
king
in c
once
rt w
ith o
ther
part
ners
, sta
te g
over
nmen
t can
eff
ectiv
ely
dire
ct th
e pu
blic
'sre
sour
ces
to c
reat
e a
posi
tive
impa
ct o
n th
e liv
es o
f in
divi
dual
Tex
ans.
The
peo
ple
of T
exas
exp
ect t
he b
est,
and
stat
e go
vern
-
men
t mus
t giv
e it
to th
an
TIM
S T
EA
CH
ER
RE
TIR
EM
EN
T S
YS
TE
M O
F T
EX
AS
2
Sta
te P
riorit
yG
oals
that
App
ly to
TR
ST
RS
has
cons
ider
ed th
is p
lan
and
its m
issi
on in
rela
tion
to th
e st
ate'
s vi
sion
and
goa
ls. I
mpr
ovin
gSe
rvic
e In
to th
e 2
I st
Cen
tury
, im
plem
ente
d in
acc
or-
danc
e w
ith th
e tr
uste
es' f
iduc
iary
dut
ies,
sup
port
s th
efo
llow
ing
prio
rity
goa
ls.
ED
UC
AT
ION
Publ
ic S
choo
lsPr
iori
ty G
oal:
To
ensu
re th
at a
ll st
uden
ts in
the
publ
iced
ucat
ion
syst
em le
arn
to r
ead
at g
rade
leve
l by
the
end
ofth
e th
ird
grad
e, c
ontin
ue r
eadi
ng a
t gra
dele
vel,
dem
onst
rate
exe
mpl
ary
perf
orm
ance
in f
oun-
datio
n su
bjec
ts, a
nd a
cqui
re th
e kn
owle
dge
and
skill
s ne
eded
to b
e re
spon
sibl
e an
d in
depe
nden
tT
exan
s.
ED
UC
AT
ION
Hig
her
Edu
catio
nPr
iori
ty G
oal:
To
prov
ide
an a
ffor
dabl
e, a
cces
sibl
e, a
ndhi
gh q
ualit
y sy
stem
of
high
er e
duca
tion
that
pre
-pa
res
indi
vidu
als
for
a ch
angi
ng e
cono
my
and
wor
kfor
ce, a
nd f
urth
ers
the
deve
lopm
ent a
nd a
p-pl
icat
ion
of k
now
ledg
e th
roug
h re
sear
ch a
nd in
-st
ruct
ion.
HE
ALT
H A
ND
HU
MA
NS
ER
VIC
ES
Prio
rity
Goa
l: T
o re
duce
dep
ende
nce
on p
ublic
ass
ista
nce
thro
ugh
an e
ffic
ient
and
eff
ectiv
e sy
stem
that
pro
-m
otes
the
heal
th, r
espo
nsib
ility
, and
sel
f-su
ffi-
cien
cy o
f in
divi
dual
s an
d fa
mili
es.
EC
ON
OM
IC D
EV
ELO
PM
EN
T
Prio
rity
Goa
l: T
o fo
ster
eco
nom
ic o
ppor
tuni
ty, j
ob g
en-
erat
ion,
and
cap
ital f
orm
atio
n by
pro
vidi
ng q
ual-
ity b
usin
ess
serv
ices
, pre
pari
ng th
e w
orkf
orce
for
prod
uctiv
e em
ploy
men
t, an
d su
ppor
ting
infr
astr
uc-
ture
dev
elop
men
t.
GE
NE
RA
L G
OV
ER
NM
EN
T
Prio
rity
Goa
l: T
o su
ppor
t eff
ectiv
e, e
ffic
ient
, and
acco
unta
ble
stat
e go
vern
men
t ope
ratio
ns.
1MS
TE
AC
HE
R R
ET
IRE
ME
NT
SY
ST
EM
OF
TE
XA
S3
7
Inte
rnal
and
Ext
erna
lA
sses
smen
t at T
RS
TE
AC
HE
R R
ET
IRE
ME
NT
SY
ST
EM
OF
TE
XA
S
is19
20
Legi
slat
ive
& H
isto
rical
Fra
mew
ork
Mor
e th
an 7
0 ye
ars
ago,
a g
roup
of
Tex
as te
ache
rs h
ad a
prof
ound
dre
ama
prog
ram
to p
rovi
de r
etir
emen
tbe
nefi
ts to
edu
cato
rs th
roug
hout
the
stat
e. T
he te
ache
rsof
Tex
as e
xpre
ssed
thei
r de
sire
for
a s
tate
wid
e sy
stem
,an
d th
e le
gisl
atur
e re
spon
ded
by p
ropo
sing
an
amen
d-m
ent t
o th
e C
onst
itutio
n of
Tex
as o
n th
e N
ovem
ber
1936
ballo
t. V
oter
s ap
prov
ed th
e am
endm
ent a
nd, w
ith e
n-ab
ling
legi
slat
ion
pass
ed in
193
7, th
e T
each
er R
etir
e-m
ent S
yste
m o
f T
exas
was
for
med
.
Ove
r 38
,000
elig
ible
teac
hers
par
ticip
ated
that
fir
st y
ear.
The
ori
gina
l res
pons
ibili
ty o
f th
e sy
stem
was
to p
rovi
dese
rvic
e an
d di
sabi
lity
retir
emen
t ben
efits
to te
ache
rs a
ndad
min
istr
ator
s of
the
publ
ic s
choo
l sys
tem
s of
Tex
as,
incl
udin
g in
stitu
tions
of
high
er e
duca
tion.
In
1949
,
legi
slat
ion
expa
nded
mem
bers
hip
elig
ibili
ty to
all
thos
eem
ploy
ed b
y pu
blic
edu
catio
n in
stitu
tions
. In
1985
, TR
Sw
as a
ssig
ned
to a
dmin
iste
r a
heal
th in
sura
nce
prog
ram
for
publ
ic s
choo
l ret
iree
s, a
nd in
199
5 to
off
er a
hea
lthin
sura
nce
prog
ram
for
act
ive
publ
ic s
choo
l em
ploy
ees
asw
ell.
Art
icle
16,
Sec
tion
67 o
f th
e co
nstit
utio
n no
w c
hart
ers
the
syst
em to
pro
vide
ret
irem
ent a
nd r
elat
ed b
enef
its f
orth
ose
empl
oyed
by
the
publ
ic s
choo
ls, c
olle
ges,
and
univ
ersi
ties
supp
orte
d by
the
Stat
e of
Tex
as.
111=
5 T
EA
CH
ER
RE
TIR
EM
EN
T S
YS
TE
M O
F T
EX
AS
6
21
Age
ncy
Mis
sion
& P
hilo
soph
yT
RS
Mis
sion
The
mis
sion
of
the
Tea
cher
Ret
irem
ent S
yste
m o
f T
exas
is:
1. to
del
iver
ret
irem
ent a
nd r
elat
ed b
enef
its a
utho
-ri
zed
by la
w f
or m
embe
rs a
nd th
eir
bene
fici
arie
s; a
nd2.
to p
rude
ntly
inve
st a
nd m
anag
e th
e as
sets
hel
d in
trus
t for
mem
bers
and
ben
efic
iari
es in
an
actu
aria
llyso
und
syst
em a
dmin
iste
red
in a
ccor
danc
e w
ith a
ppli-
cabl
e fi
duci
ary
prin
cipl
es.
TR
S P
hilo
soph
yW
e ar
e de
dica
ted
to p
rofe
ssio
nal,
accu
rate
, tim
ely,
and
cost
-eff
ectiv
e de
liver
y of
ser
vice
s an
d be
nefi
ts to
mem
bers
and
ann
uita
nts.
We
are
sens
itive
, car
ing,
and
fair
to th
ose
we
serv
e an
d to
our
co-
wor
kers
. We
take
prid
e in
the
wor
k w
e pe
rfor
m a
nd s
triv
e to
con
tinuo
usly
impr
ove.
We
are
open
, res
pons
ive,
and
eth
ical
in th
e
cond
uct o
f bu
sine
ss w
ith m
embe
rs, a
nnui
tant
s, g
over
n-m
ent o
ffic
ials
, and
the
publ
ic.
MS
iJ T
EA
CH
ER
RE
TIR
EM
EN
T S
YS
TE
M O
F T
EX
AS
7
2223
Cor
e C
ompe
tenc
ies
As
an o
rgan
izat
ion,
TR
S ha
s fo
ur c
ore
com
pete
ncie
s:B
enef
it de
liver
yIn
vest
men
t man
agem
ent
Com
mun
icat
ion
with
sta
keho
lder
s (r
etir
ed a
nd a
ctiv
em
embe
rs, s
tate
lead
ersh
ip, t
axpa
yers
, em
ploy
ees,
and
trus
tees
)W
orkf
orce
dev
elop
men
t
Ben
efit
Del
iver
yT
RS
adm
inis
ters
an
arra
y of
ben
efits
for
pub
lic e
duca
-tio
n em
ploy
ees
thro
ugho
ut th
e st
ate,
incl
udin
g re
tirem
ent,
disa
bilit
y, d
eath
, and
hea
lth b
enef
its p
rogr
ams.
The
syst
em is
com
mitt
ed to
del
iver
ing
thes
e se
rvic
es in
an
effi
cien
t and
pro
fess
iona
l man
ner.
Inve
stm
ent M
anag
emen
tT
RS
man
ages
mon
ies
held
in tr
ust f
or it
s m
embe
rs. T
RS
is p
rese
ntly
the
seve
nth
larg
est d
efin
ed b
enef
it pe
nsio
nfu
nd in
the
natio
n, b
ased
on
asse
t siz
e. T
he f
und
ises
tabl
ishe
d th
roug
h co
ntri
butio
ns f
rom
the
Stat
e of
Tex
as, T
RS
mem
bers
and
inve
stm
ent r
etur
ns. I
nves
tmen
tre
turn
s fo
r th
e 19
97 f
isca
l yea
r pr
ovid
ed m
ore
than
85%
of T
RS
reve
nues
.
Com
mun
icat
ion
With
Sta
keho
lder
sC
onsi
sten
t with
Tex
as s
tate
gov
ernm
ent p
hilo
soph
y, T
RS
reco
gniz
es th
at it
is u
p to
eac
h in
divi
dual
to m
ake
re-
spon
sibl
e re
tirem
ent d
ecis
ions
. As
subj
ect-
mat
ter
expe
rts
for
a nu
mbe
r of
com
plex
pro
gram
s, T
RS
staf
f ar
ere
spon
sibl
e fo
r pr
ovid
ing
accu
rate
info
rmat
ion
abou
t the
syst
em to
all
inte
rest
ed p
artie
s, in
clud
ing
legi
slat
ive
and
gove
rnin
g bo
dies
, sch
ool d
istr
icts
and
inst
itutio
ns o
fhi
gher
edu
catio
n, a
ctiv
e an
d re
tired
mem
bers
, and
the
publ
ic. T
RS'
s in
tent
ion
is to
ena
ble
thes
e st
akeh
olde
rs to
mak
e in
form
ed d
ecis
ions
rel
ated
to th
e sy
stem
, suc
h as
bene
fit d
ecis
ions
mad
e by
the
legi
slat
ure
or r
etir
emen
top
tions
sel
ecte
d by
mem
bers
. TR
S co
ntin
ues
to s
harp
enits
com
mun
icat
ion
focu
s on
ben
efit
deliv
ery
and
fund
man
agem
ent.
Wor
kfor
ce D
evel
opm
ent
In o
rder
to p
rovi
de th
e le
vel o
f ex
celle
nce
expe
cted
by
its s
take
hold
ers,
TR
S m
ust a
ttrac
t, de
velo
p, a
nd r
etai
n an
exce
ptio
nally
qua
lifie
d w
orkf
orce
. Suc
h ef
fort
s ar
e of
part
icul
ar im
port
ance
for
the
syst
em's
pro
fess
iona
l sta
ff.
NM
S T
EA
CH
ER
RE
TIR
EM
EN
T S
YS
TE
M O
F T
EX
AS
248
25
Maj
or C
halle
nges
As
an o
rgan
izat
ion,
TR
S fa
ces
maj
or c
halle
nges
, whi
chin
clud
e:
Man
agin
g si
gnif
ican
t mem
bers
hip
and
inve
stm
ent
grow
th.
Com
mun
icat
ing
com
plex
pen
sion
issu
es e
ffec
tivel
yw
ith d
iver
se g
roup
s of
TR
S st
akeh
olde
rs.
Mai
ntai
ning
a s
tron
g te
chno
logy
infr
astr
uctu
re in
aco
st-e
ffec
tive
man
ner.
Add
ress
ing
com
pens
atio
n is
sues
with
in s
tate
gui
de-
lines
in o
rder
to a
ttrac
t and
ret
ain
the
high
ly q
ualif
ied
staf
f re
quir
ed to
man
age
and
adm
inis
ter
the
fund
effe
ctiv
ely.
Add
ress
ing
plan
des
ign,
cos
t-ef
fect
ive
serv
ice
deliv
ery,
and
fun
ding
issu
es f
or th
e re
tiree
hea
lthbe
nefi
ts p
rogr
am.
M=
5 T
EA
CH
ER
RE
TIR
EM
EN
T S
YS
TE
M O
F T
EX
AS
9
TR
S O
rgan
izat
iona
l Str
uctu
reT
RS
is a
sta
te a
genc
y go
vern
ed b
y a
boar
d of
trus
tees
appo
inte
d by
the
gove
rnor
. The
exe
cutiv
e di
rect
or,
sele
cted
by
the
boar
d of
trus
tees
, is
the
chie
f ex
ecut
ive
offi
cer
and
is r
espo
nsib
le f
or th
e ge
nera
l adm
inis
trat
ion
of th
e ag
ency
. TR
S is
a c
entr
aliz
ed o
rgan
izat
ion
head
-qu
arte
red
in A
ustin
, ser
ving
the
publ
ic e
duca
tion
em-
ploy
ees
of T
exas
. App
roxi
mat
ely
400
com
bine
d st
aff
mem
bers
pro
vide
ser
vice
s to
TR
S st
akeh
olde
rs f
or b
oth
pens
ion
and
insu
ranc
e be
nefi
ts.
Ori
aniz
atia
n of
MS
$B
OA
RD
OF
TR
US
TE
ES
I
IINT
ER
NA
L A
UD
IT
EX
EC
UT
IVE
DIR
EC
TO
R
INV
ES
TM
EN
TS
FIN
AN
CE
AN
D IN
FO
RM
AT
ION
MA
NA
GE
ME
NT
GE
NE
RA
L C
OU
NS
EL
TT
IMS
TE
AC
HE
R R
ET
IRE
ME
NT
SY
ST
EM
OF
TE
XA
S10
28
Gov
erna
nce
Pro
cess
The
nin
e-m
embe
r bo
ard
of tr
uste
es a
dmin
iste
rs th
epr
ogra
ms
and
inve
sts
the
fund
s of
the
syst
em. B
oard
mem
bers
are
app
oint
ed b
y th
e go
vern
or f
or s
ix-y
ear
term
s an
d ar
e co
nfir
med
by
the
Sena
te. T
he g
over
nor
desi
gnat
es th
e bo
ard'
s pr
esid
ing
offi
cer.
The
boa
rd a
ppoi
ntm
ents
mad
e by
the
gove
rnor
incl
ude:
Thr
ee d
irec
t app
oint
men
ts o
f pe
rson
s w
ho h
ave
dem
onst
rate
d fi
nanc
ial e
xper
tise
and
are
not a
ctiv
eor
ret
ired
mem
bers
of
the
syst
em.
Tw
o ap
poin
tmen
ts f
rom
nom
inat
ions
off
ered
by
the
Stat
e B
oard
of
Edu
catio
n. T
he in
divi
dual
s no
mi-
nate
d m
ust h
ave
dem
onst
rate
d fi
nanc
ial e
xper
tise,
have
wor
ked
in p
riva
te b
usin
ess
or in
dust
ry, a
ndha
ve b
road
inve
stm
ent e
xper
ienc
e, p
refe
rabl
y in
inve
stm
ent o
f pe
nsio
n fu
nds.
Tw
o ap
poin
tmen
ts o
f ac
tive
publ
ic s
choo
l em
ploy
-ee
s, s
elec
ted
from
list
s of
thre
e no
min
atio
ns b
yac
tive
publ
ic s
choo
l em
ploy
ees.
One
app
oint
men
t of
an a
ctiv
e hi
gher
edu
catio
nm
embe
r, s
elec
ted
from
a li
st o
f th
ree
nom
inat
ions
mad
e by
act
ive
mem
bers
in h
ighe
r ed
ucat
ion.
One
app
oint
men
t of
a re
tired
mem
ber,
sel
ecte
d fr
oma
list o
f th
ree
nom
inat
ions
by
retir
ed m
embe
rs.
Gav
e-na
me
Ot I
RS
Boa
rd o
f Tru
stee
s
Pol
icy
Ove
rsig
htF
orm
ulat
ion
Com
mitt
ees
and
Rev
iew
Aud
itB
enef
itsB
udge
tC
orpo
rate
Boa
rds
Eth
ics
Inve
stm
ents
Nom
inat
ions
Pol
icy
Rea
l Est
ate
Adv
isor
s an
dC
onsu
ltant
s
Act
uary
Inve
stm
ent C
ouns
elIn
vest
men
t Adv
isor
s (2
)R
eal E
stat
eC
onsu
ltant
s (2
)F
iduc
iary
Cou
nsel
Med
ical
Boa
rdR
etire
e A
dvis
ory
Com
mitt
ee
Ris
k M
anag
emen
t
Inte
rnal
Aud
itE
xter
nal A
udit
Bud
getin
p an
dR
epor
ting
Per
form
ance
Mea
sure
sF
ocus
ed R
evie
ws
If
71=
5 T
EA
CH
ER
RE
TIR
EM
EN
T S
YS
TE
M O
F T
EX
AS
11
3130
TR
S O
rgan
izat
ion
Cha
rt
BO
AR
D O
F T
RU
ST
EE
S
EX
EC
UT
IVE
DIR
EC
TO
RC
harl
es D
unla
p
INT
ER
NA
L A
UD
ITO
RL
inda
Hen
ry
CH
IEF
INV
ES
TM
EN
T O
FF
ICE
RM
artin
J. W
alke
rI
CH
IEF
BE
NE
FIT
OF
FIC
ER
Nor
ma
E. K
oont
z
FIX
ED
INC
OM
EH
erm
an M
artin
aE
QU
TIE
SM
icha
el B
rake
bill
Jam
es H
i lle
Ben
nett
Woo
dwar
d
RE
AL
ES
TA
TE
Lau
rie
Dot
ter
BE
NE
FIT
PR
OC
ES
SIN
GB
EN
EF
ITC
OU
NS
ELI
NG
Kat
hy G
eorg
e
DA
TA
MA
NA
GE
ME
NT
Jan
Selm
an
TR
S-C
AR
EFr
ank
J. D
i Lor
enzo
RE
CO
RD
SM
AN
AG
EM
EN
TB
ill W
olle
tD
avid
Pet
erso
n
I
CH
IEF
FIN
AN
CIA
L O
FF
ICE
RR
onni
e Ju
ngG
EN
ER
AL
CO
UN
SE
LB
ill B
aker
CO
NT
RO
LLE
R iW
ayne
Fic
kel
AC
CO
UN
TIN
G&
CO
NT
RO
LT
ony
Gal
aviz
BE
NE
FIT
AC
CO
UN
TIN
GM
argi
e H
orto
n
MA
NA
GE
ME
NT
INF
OR
MA
TIO
N S
YS
TE
MS
Am
y M
orga
n
INV
ES
TM
EN
TA
CC
OU
NT
ING
Jerr
y A
lbri
ght
NE
TW
OR
KS
UP
PO
RT
Chr
is C
utle
r
iINF
OR
MA
TIO
NS
YS
TE
MS
SU
PP
OR
TN
eil W
eise
ITE
CH
NIC
AL
SU
PP
OR
TD
avid
Cox
lOP
ER
AT
ION
SS
UP
PO
RT
Gle
n C
hism
I
ST
AF
F S
ER
VIC
ES
Jerr
y G
ilber
t
OT
HE
RA
DM
INIS
TR
AT
IVE
SE
RV
ICE
S
_1
GO
VE
RN
ME
NT
AL
RE
LAT
ION
SPa
tric
ia F
eath
erst
on
_1
INF
OR
MA
TIO
NS
ER
VIC
ES
How
ard
Gol
dman
1
HU
MA
NR
ES
OU
RC
ES
Shar
i Coo
per
3 2
=s
TE
AC
HE
R R
ET
IRE
ME
NT
SY
ST
EM
OF
TE
XA
S12
3 3
Key
Org
aniz
atio
nal C
hang
esB
enef
it Se
rvic
es R
eeng
inee
ring
Eff
ort.
An
initi
ativ
eto
reo
rgan
ize
and
reen
gine
er T
RS
serv
ice
deliv
ery
proc
esse
s co
ntin
ues.
TR
S w
ill c
ontin
ue to
see
k op
port
u-ni
ties
thro
ugho
ut th
e sy
stem
to s
tren
gthe
n pe
rfor
man
ce,
esta
blis
h ac
coun
tabi
lity,
and
pro
mot
e co
st e
ffec
tiven
ess.
Ben
efit
Ser
vice
s O
rgan
izat
iona
l Cha
rt
Wha
t Is
New
at T
RS?
Ben
efit
Serv
ices
Tra
nsfo
rmat
ion
(BeS
T)
Proj
ect
laun
ched
3/1
/97
to:
Stre
ngth
en th
e ca
pabi
litie
s of
MIS
.
Impl
emen
t int
egra
ted
rela
tiona
l dat
abas
e.
Dev
elop
age
ncyw
ide
tech
nica
l arc
hite
ctur
e.
Des
ign
new
mem
ber
enro
llmen
t, di
stri
ct r
epor
ting,
bene
fit p
roce
ssin
g an
d di
sbur
sem
ent p
roce
sses
.
Bui
ld s
uppo
rtin
g co
mpu
ter
syst
ems.
Con
trac
ted
on 5
/1/9
8 to
con
vert
mic
rofi
che
reco
rds
toel
ectr
onic
imag
es.
Impl
emen
ted
the
inte
ract
ive
voic
e-re
spon
se (
IVR
) un
it to
prov
ide
mem
bers
with
24-
hour
acc
ess
to a
ccou
nt a
ndbe
nefi
t inf
orm
atio
n an
d en
able
them
to m
ake
rout
ine
serv
ice
requ
ests
.
Cre
ated
a T
RS
Web
site
to f
urth
er p
rom
ote
accu
rate
,co
nsis
tent
, and
fas
ter
acce
ss to
TR
S in
form
atio
n.
TII=
S T
EA
CH
ER
RE
TIR
EM
EN
T S
YS
TE
M O
F T
EX
AS
13
3435
36
Mem
bers
hip
Bas
eM
embe
rshi
p D
emog
raph
ics
TR
S cu
rren
tly s
erve
s ap
prox
imat
ely
690,
000
activ
em
embe
rs a
nd 1
58,0
00 r
etir
ed o
r di
sabl
ed m
embe
rs.
The
Tea
cher
Ret
irem
ent S
yste
m o
f T
exas
pro
vide
sbe
nefi
ts to
em
ploy
ees
who
are
invo
lved
in th
e T
exas
educ
atio
n sy
stem
, inc
ludi
ng b
oth
high
er a
nd p
ublic
educ
atio
n. T
he to
tal a
ctiv
e m
embe
rshi
p co
mpr
ises
not
only
pub
lic s
choo
l tea
cher
s, b
ut it
als
o in
clud
es s
choo
lan
d di
stri
ct a
dmin
istr
atio
n st
aff,
foo
d se
rvic
e pe
rson
nel,
mai
nten
ance
sta
ff, t
rans
port
atio
n em
ploy
ees,
col
lege
and
univ
ersi
ty f
acul
ty a
nd s
taff
, and
cer
tain
oth
er s
tate
age
ncy
empl
oyee
s.
Size
of
Mem
bers
hip.
TR
S's
mem
bers
hip
will
con
tinue
to g
row
, in
both
the
num
ber
of a
ctiv
e pu
blic
sch
ool
empl
oyee
s an
d re
tired
mem
bers
. Pro
ject
ions
sho
w th
atth
e nu
mbe
r of
pub
lic s
choo
l em
ploy
ees
in th
e st
ate
will
rise
with
the
popu
latio
n gr
owth
am
ong
scho
ol-a
gech
ildre
n.
The
ret
ired
mem
bers
hip
popu
latio
n is
exp
ecte
d to
ris
esi
gnif
ican
tly d
ue to
the
grow
ing
num
ber
of m
embe
rsap
proa
chin
g re
tirem
ent a
ge. A
s a
resu
lt of
this
tren
d, th
elo
nger
life
exp
ecta
ncy
of m
embe
rs, a
nd th
e lo
wer
age
requ
irem
ent f
or r
etir
emen
t, th
e nu
mbe
r of
ret
ired
mem
-be
rs is
pro
ject
ed to
incr
ease
. The
rat
e of
incr
ease
of
annu
itant
s is
exp
ecte
d to
exc
eed
the
rate
of
incr
ease
inac
tive
mem
bers
hip,
whi
ch w
ill c
ause
the
ratio
of
activ
eto
ret
ired
mem
bers
to f
all s
light
ly.
71=
5 T
EA
CH
ER
RE
TIR
EM
EN
T S
YS
TE
M O
F T
EX
AS
14
37
Sig
nific
ant D
emog
raph
ic &
Eco
nom
icT
rend
sA
ctua
rial
dat
a su
gges
t tha
t the
pro
babi
lity
of a
n em
-pl
oyee
ret
irin
g do
uble
s w
hen
the
indi
vidu
al r
each
es th
em
inim
um r
etir
emen
t age
. In
addi
tion,
a n
umbe
r of
dist
rict
s of
fer
earl
y re
tirem
ent i
ncen
tive
prog
ram
s. T
hein
crea
se in
ret
irem
ents
due
to e
arly
ince
ntiv
es m
ay b
eof
fset
by
the
effe
cts
of th
e D
efer
red
Ret
irem
ent O
ptio
nPl
an (
DR
OP)
ena
cted
in th
e la
st le
gisl
ativ
e se
ssio
n.
The
gro
win
g nu
mbe
r of
mem
bers
in th
e re
tirem
ent
syst
em is
an
impo
rtan
t fac
tor.
How
ever
, oth
er im
port
ant
char
acte
rist
icsi
nclu
ding
age
dis
trib
utio
n an
d co
mpe
n-sa
tion
tren
dsw
ill a
lso
have
a s
igni
fica
nt im
pact
on
the
syst
em. T
he c
urre
nt a
ctiv
e m
embe
r ag
e di
stri
butio
n is
heav
ily w
eigh
ted
in th
e 35
-49
year
age
gro
ups.
The
sefa
ctor
s ar
e co
nsid
ered
in th
e sy
stem
's lo
ng-t
erm
act
uari
alst
udie
s.
Com
pens
atio
n an
d E
cono
mic
Tre
nds.
Com
pens
atio
ntr
ends
hav
e a
sign
ific
ant i
mpa
ct o
n th
e re
tirem
ent s
yste
m.
With
in g
uide
lines
set
by
the
Stat
e B
oard
of
Edu
catio
n,sa
lary
and
oth
er c
ompe
nsat
ion
fact
ors
are
gene
rally
dete
rmin
ed b
y th
e 1,
195
indi
vidu
al s
choo
l dis
tric
ts,
colle
ges,
and
sta
te a
genc
ies
who
se e
mpl
oyee
s pa
rtic
ipat
ein
the
syst
em. A
mem
ber's
ave
rage
sal
ary
is a
key
elem
ent o
f th
e be
nefi
t for
mul
a w
hich
est
ablis
hes
the
amou
nt o
f an
nuity
to b
e pa
id th
roug
hout
the
retir
ee's
lifet
ime.
AC
TIV
E M
EM
BE
RS
//1
/%40
Aie
-c/
111=
15 T
EA
CH
ER
RE
TIR
EM
EN
T S
YS
TE
M O
F T
EX
AS
15
3839
40
Oth
er f
acto
rs d
eter
min
ed b
y th
e em
ploy
er th
at a
ffec
tre
tirem
ents
incl
ude
polic
ies
on y
ear-
roun
d sc
hool
s, s
ick
leav
e, e
mpl
oym
ent a
fter
ret
irem
ent,
and
redu
ctio
n in
the
num
ber
of in
-ser
vice
day
s. T
RS
mon
itors
suc
h de
velo
p-m
ents
clo
sely
to e
nsur
e th
at it
res
pond
s to
cha
nges
as
they
occ
ur. C
hang
es in
the
econ
omy
also
aff
ect t
henu
mbe
r of
mem
bers
who
ele
ct to
ret
ire
and
thos
e w
hode
cide
to w
ithdr
aw f
rom
the
syst
em if
they
cha
nge
empl
oym
ent.
Alth
ough
sal
ary
leve
ls a
nd e
mpl
oyer
con
trib
utio
n ra
tes
have
con
side
rabl
e im
pact
on
the
syst
em, t
he b
alan
cebe
twee
n th
ese
and
othe
r fa
ctor
s (s
uch
as in
vest
men
tpe
rfor
man
ce a
nd b
enef
it ar
chite
ctur
e) d
eter
min
es th
efu
nd's
act
uari
al s
olve
ncy.
TR
S is
act
uari
ally
sou
nd,
with
a lo
w u
nfun
ded
actu
aria
l lia
bilit
y.
Sum
mar
y of
Rep
ortin
g E
ntiti
esA
ugus
t 31,
1997
Publ
ic S
choo
ls1,
092
Juni
or C
olle
ges
51Se
nior
Col
lege
s39
Med
ical
Sch
ools
8O
ther
Sta
te A
genc
ies
5
TO
TA
LS
1,19
5
71M
S T
EA
CH
ER
RE
TIR
EM
EN
T S
YS
TE
M O
F T
EX
AS
16
41
Spec
ial S
ervi
ce N
eeds
. TR
S m
ust c
onsi
der
the
spec
ial
need
s of
its
mem
bers
in o
rder
to s
erve
them
eff
ectiv
ely.
Som
e of
the
fact
ors
TR
S ta
kes
into
acc
ount
in p
rovi
ding
serv
ice
incl
ude:
Mee
ting
the
need
s of
per
sons
who
req
uire
info
rma-
tion
in a
lang
uage
oth
er th
an E
nglis
h.
Mee
ting
the
need
s of
per
sons
with
a d
isab
ility
, suc
has
mob
ility
, sig
ht, o
r he
arin
g im
pair
men
t.
Off
erin
g in
form
atio
n in
a m
anne
r th
at is
use
r-fr
iend
lyan
d ac
cess
ible
to a
n ag
ing
popu
latio
n.
App
lyin
g te
chno
logi
cal i
nnov
atio
ns f
or in
form
atio
nse
rvic
es in
a m
anne
r th
at m
eets
the
need
s of
bot
hus
ers
who
are
tech
nolo
gica
lly p
rofi
cien
t and
of
thos
ew
ho a
re n
ot.
TR
S's
Rol
e in
the
Ret
irem
ent P
roce
ss. I
n th
e pr
ivat
ese
ctor
, eac
h em
ploy
er ty
pica
lly p
rovi
des
retir
emen
top
tion
coun
selin
g to
its
own
retir
ing
empl
oyee
s. I
n th
eT
exas
sys
tem
, TR
S is
cha
rged
with
pro
vidi
ng th
isse
rvic
e ra
ther
than
eac
h re
port
ing
entit
y es
tabl
ishi
ng it
sow
n pr
ogra
m. T
his
appr
oach
has
adv
anta
ges,
suc
h as
ensu
ring
con
sist
ency
and
acc
urac
y of
the
info
rmat
ion
com
mun
icat
ed. I
t als
o re
quir
es a
sub
stan
tial a
lloca
tion
of T
RS
staf
f an
d bu
dget
res
ourc
es in
ord
er to
pro
vide
the
need
ed s
ervi
ces.
TR
S pr
ovid
es:
Info
rmat
iona
l mat
eria
ls.
Com
pute
r di
sks
for
estim
ates
.
Indi
vidu
al c
ouns
elin
g in
the
fiel
d an
d at
the
hom
eof
fice
.
Spea
kers
for
gro
ups
of e
mpl
oyee
s.
Con
vent
ion
repr
esen
tativ
es to
ans
wer
que
stio
ns.
Tel
epho
ne c
ouns
elin
g se
rvic
es.
Inte
ract
ive
voic
e-re
spon
se u
nit.
Tol
l-fr
ee in
form
atio
n ce
nter
.
Com
preh
ensi
ve W
eb s
ite.
Geo
grap
hic
Impa
ct. T
he g
eogr
aphi
c di
vers
ity o
f ou
rm
embe
rshi
p al
so a
ffec
ts th
e m
anne
r in
whi
ch T
RS
deliv
ers
serv
ices
. Whi
le th
e m
ajor
ity o
f ac
tive
and
retir
ed T
RS
mem
bers
(an
d be
nefi
ciar
ies)
res
ide
inT
exas
, the
sys
tem
ser
ves
mem
bers
in a
ll 50
sta
tes
asw
ell a
s in
oth
er c
ount
ries
. Thi
s di
vers
e se
rvic
e ar
eam
eans
that
trav
el (
in-s
tate
), p
osta
ge, a
nd lo
ng d
ista
nce
char
ges
incr
ease
as
the
dive
rsity
incr
ease
s.
TII=
S T
EA
CH
ER
RE
TIR
EM
EN
T S
YS
TE
M O
F T
EX
AS
17
4243
44
Pub
lic P
erce
ptio
nT
RS
plac
es g
reat
impo
rtan
ce o
n al
loca
ting
appr
opri
ated
reso
urce
s in
a m
anne
r to
max
imiz
e m
embe
r sa
tisfa
ctio
nw
ith q
ualit
y of
ser
vice
. In
orde
r to
gau
ge le
vels
of
mem
ber
satis
fact
ion,
the
syst
em c
ondu
cted
a m
embe
rsa
tisfa
ctio
n su
rvey
in 1
997.
The
sur
vey
was
mai
led
out
to 2
,000
ran
dom
ly s
elec
ted
TR
S re
tiree
s an
d 2,
750
activ
e m
embe
rs.
Surv
ey r
esul
ts in
dica
ted
that
mos
t ret
iree
s an
d ac
tive
mem
bers
wer
e sa
tisfi
ed w
ith T
RS
serv
ices
. Ret
iree
satis
fact
ion
leve
ls w
ere
part
icul
arly
hig
h w
ith a
ppro
val
ratin
gs (
som
ewha
t or
very
sat
isfi
ed)
rang
ing
from
92
to95
per
cent
, bas
ed o
n th
e se
rvic
e in
que
stio
n. R
etir
ees
foun
d T
RS
publ
icat
ions
to b
e ac
cura
te, u
sefu
l and
eas
yto
und
erst
and.
Ove
rall,
thei
r ap
prov
al r
atin
gs o
n va
riou
sT
RS
serv
ices
wer
e 90
per
cent
or
high
er. A
ppro
val
ratin
gs o
f be
nefi
t cou
nsel
ors,
ben
efit
pres
enta
tions
, the
TR
S ca
ll in
form
atio
n ce
nter
, the
ann
uity
pay
roll
depa
rt-
men
t and
the
timel
ines
s an
d ac
cura
cy o
f T
RS
bene
fit
paym
ents
ran
ged
betw
een
92 a
nd 9
5 pe
rcen
t.
Act
ive
mem
bers
' app
rova
l rat
ings
of
thes
e se
rvic
esra
nged
bet
wee
n 65
and
84
perc
ent.
Posi
tive,
act
ive
mem
bers
' rat
ings
of
TR
S se
rvic
es w
ere
typi
cally
low
erth
an th
ose
of r
etir
ees.
In
som
e ca
ses,
how
ever
, act
ive
mem
bers
indi
cate
d a
low
er u
tiliz
atio
n of
age
ncy
ser-
vice
s. T
heir
ans
wer
s al
so a
ppea
r to
ref
lect
less
inte
rest
in s
ome
retir
emen
t-re
late
d is
sues
, whi
ch m
ay b
e lin
ked
to th
e am
ount
of
time
sepa
ratin
g th
em f
rom
ret
irem
ent.
Inre
spon
se to
thes
e su
rvey
res
ults
, the
age
ncy
will
cus
tom
-iz
e its
com
mun
icat
ion
effo
rts
to a
ddre
ss th
e in
tere
sts
ofits
dif
fere
nt m
embe
rshi
p se
gmen
ts.
New
opt
ions
for
com
mun
icat
ing
with
act
ive
and
retir
edm
embe
rs w
ere
also
exp
lore
d in
the
surv
ey. T
he I
nter
net
prov
ed p
opul
ar w
ith n
earl
y ha
lf o
f th
e ac
tive
mem
bers
surv
eyed
. How
ever
, a m
uch
smal
ler
num
ber
of r
etir
ees
expr
esse
d in
tere
st in
this
cha
nnel
of
com
mun
icat
ion.
Bot
hgr
oups
fou
nd v
ideo
tape
s, a
udio
tape
s an
d C
D-R
OM
to b
eat
trac
tive
optio
ns.
Bui
ldin
g up
on th
is s
urve
y an
d ot
her
publ
ic c
omm
ents
,T
RS
is e
xpan
ding
cus
tom
er s
urve
y ef
fort
s to
incr
ease
its
effe
ctiv
enes
s in
res
pond
ing
to m
embe
rs' n
eeds
.
TE
AC
HE
R R
ET
IRE
ME
NT
SY
ST
EM
OF
TE
XA
S18
45
I I I I I I I I I I I I I I 146Le
gisl
ativ
e Im
pact
Fede
ral l
aws
and
regu
latio
ns h
ave
a su
bsta
ntia
l im
pact
on T
RS,
alth
ough
TR
S do
es n
ot r
ecei
ve f
eder
al f
unds
and
is n
ot d
irec
tly r
egul
ated
by
the
fede
ral g
over
nmen
t.Se
vera
l fed
eral
law
s in
flue
nced
the
deve
lopm
ent o
f T
RS
bene
fits
, as
sum
mar
ized
bel
ow.
Inte
rnal
Rev
enue
Cod
eT
he I
nter
nal R
even
ue C
ode
(IR
C)
has
had
a pr
ofou
ndin
flue
nce
on T
RS
beca
use,
und
er th
e IR
C, a
pen
sion
pla
nm
ay o
btai
n ad
vant
ageo
us ta
x tr
eatm
ent f
or it
s pa
rtic
i-pa
nts
and
for
the
plan
itse
lf b
y m
aint
aini
ng "
tax-
qual
i-fi
ed"
stat
us u
nder
Sec
tion
401(
a). A
dvan
tage
s to
aqu
alif
ied
plan
incl
ude
defe
rred
taxa
tion
of p
artic
ipan
ts'
cont
ribu
tions
and
acc
rued
ben
efits
, fav
orab
le ta
x tr
eat-
men
t of
cert
ain
dist
ribu
tions
to p
artic
ipan
ts, a
nd ta
xex
empt
ion
of th
e in
com
e of
the
pens
ion
trus
t fun
d. T
heim
port
ance
of
rem
aini
ng ta
x-qu
alif
ied
is r
ecog
nize
d by
Tex
as la
w (
Sect
ion
825.
506,
Tex
as G
over
nmen
t Cod
e).
The
Int
erna
l Rev
enue
Ser
vice
(IR
S) h
as d
eter
min
ed th
atT
RS
is a
qua
lifie
d pl
an. B
ecau
se o
f ch
ange
s in
bot
h th
eIR
S C
ode
and
TR
S L
aw, T
RS
will
soo
n as
k fo
r an
othe
rru
ling
on th
is q
uest
ion.
Maj
or q
ualif
icat
ion
requ
irem
ents
incl
ude:
Pens
ion
plan
ass
ets
mus
t be
held
in tr
ust a
nd th
e pl
anm
ust b
e ad
min
iste
red
for
the
excl
usiv
e be
nefi
t of
the
plan
par
ticip
ants
.
The
am
ount
of
a pa
rtic
ipan
t's r
etir
emen
t ben
efit
isre
stri
cted
by
IRC
, Sec
tion
415.
Qua
lific
atio
n re
quir
emen
ts a
lso
affe
ct th
e w
ithdr
awal
of
mem
ber
cont
ribu
tions
, the
met
hod
in w
hich
ben
efits
are
paid
, and
sev
eral
oth
er p
rovi
sion
s of
the
plan
.
ER
ISA
The
hm
ploy
ees
Ret
irem
ent I
ncom
e Se
curi
ty A
ct o
f 19
74(E
RIS
A)
impo
ses
fund
ing
and
plan
des
ign
rest
rict
ions
on
pens
ion
plan
s bu
t exe
mpt
s go
vern
men
tal p
lans
fro
m it
spr
ovis
ions
. How
ever
, ER
ISA
oft
en p
rovi
des
guid
ance
tost
ate
pens
ion
plan
s on
fun
ding
, ben
efit,
or
fidu
ciar
yis
sues
.
Rec
ent F
eder
al A
ctiv
ities
Con
gres
s ha
s re
cent
ly e
xcep
ted
publ
ic p
lans
fro
m n
on-
disc
rim
inat
ion
test
ing.
Leg
isla
tion
to a
llevi
ate
ineq
uitie
sre
sulti
ng f
rom
the
Sect
ion
415
limita
tion
on b
enef
its a
ndco
ntri
butio
ns h
as a
lso
pass
ed. T
he T
RS-
Car
e he
alth
bene
fits
pro
gram
for
ret
iree
s is
aff
ecte
d by
ong
oing
effo
rts
of M
edic
are
to r
educ
e be
nefi
ts to
its
part
icip
ants
.Su
ch e
ffor
ts s
hift
cos
ts to
hea
lth c
are
prov
ider
s, w
ho th
enpa
ss th
ose
cost
s to
pla
n pa
rtic
ipan
ts.
T1M
S T
EA
CH
ER
RE
TIR
EM
EN
T S
YS
TE
M O
F T
EX
AS
19
47
43
Oth
er L
egal
Issu
esIm
pact
of
Cou
rt C
ases
. Man
y pu
blic
ret
irem
ent s
ys-
tem
s in
oth
er s
tate
s fa
ce s
igni
fica
nt li
tigat
ion.
Res
olvi
ngsu
ch c
ases
req
uire
s si
gnif
ican
t inv
estm
ent o
f tim
e fr
omth
e sy
stem
's s
taff
, out
side
cou
nsel
, and
gov
erni
ng b
oard
.W
hile
TR
S do
es e
xper
ienc
e so
me
litig
atio
n re
quir
ing
the
use
of le
gal c
ouns
el, t
he s
yste
m c
urre
ntly
has
no
case
spe
ndin
g th
at m
ight
hav
e a
sign
ific
ant a
dver
se f
inan
cial
impa
ct.
TR
S an
d T
RS-
Car
e m
onito
r lit
igat
ion
acro
ss th
e co
untr
yth
at c
ould
est
ablis
h im
port
ant p
rece
dent
s co
ncer
ning
bene
fits
. Aw
aren
ess
of s
uch
case
s is
impo
rtan
t bec
ause
of th
e st
anda
rds
they
est
ablis
h fo
r re
tirem
ent p
lans
and
heal
th in
sura
nce
prog
ram
s.
Ant
icip
ated
Sta
te S
tatu
tory
Cha
nges
. Maj
or s
tate
stat
utor
y ch
ange
s af
fect
ing
the
TR
S tr
ust f
und,
ben
efit
plan
des
ign
or it
s op
erat
ions
are
not
ant
icip
ated
.
Futu
re f
undi
ng o
f th
e T
RS-
Car
e he
alth
ben
efits
pro
gram
for
retir
ees
will
be
a ch
alle
nge,
as
the
fund
will
be
depl
eted
in f
isca
l yea
r 20
01 u
nles
s cu
rren
t fun
ding
prov
isio
ns a
re c
hang
ed.
Fut
ure
fund
ing
of th
e T
RS
-Car
ehe
alth
ben
efits
pro
gram
for
retir
ees
will
be
a ch
alle
nge,
as
the
fund
will
be
depl
eted
in fi
scal
yea
r20
01 u
nles
s cu
rren
t fun
ding
prov
isio
ns a
re c
hang
ed.
TliM
S T
EA
CH
ER
RE
TIR
EM
EN
T S
YS
TE
M O
F T
EX
AS
20
49
Fis
cal A
ttrib
utes
The
for
mul
a fo
r ef
fect
ivel
y ad
min
iste
ring
the
syst
em in
the
face
of
chan
ging
dem
ogra
phic
tren
ds is
sim
ple
toill
ustr
ate,
but
a c
halle
nge
to a
ccom
plis
h.
Mm
inis
teri
ng th
e Sy
stem sw,
larg
e,
grow
ing
mem
bers
hip
Agi
ng m
embe
rshi
p
Sm
a I I
org
aniz
atio
n
Nee
d fo
r st
rong
gov
erna
nce
Rea
listic
cos
t con
tain
men
t
Exp
ande
dus
e of
tech
nolo
gy
Pen
sion
Fun
ding
Sou
rces
and
Use
sSo
urce
s of
Rev
enue
. A p
ensi
on f
und
has
five
bas
icso
urce
s of
rev
enue
:
Mem
ber
cont
ribu
tions
Stat
e co
ntri
butio
ns
Em
ploy
er r
eim
burs
emen
ts
Ear
ning
s on
inve
stm
ents
Stat
e ap
prop
riat
ions
for
adm
inis
trat
ion
Use
s of
Fun
ds. T
here
are
als
o fo
ur b
asic
use
s of
fun
ds:
Ben
efit
paym
ents
Ref
unds
Inve
stm
ents
Adm
inis
trat
ive
expe
nses
The
sou
rces
and
use
s of
fun
ds r
elat
ed to
inve
stm
ent
activ
ities
are
con
side
red
inte
rnal
ly g
ener
ated
cas
h fl
ow.
All
othe
r so
urce
s an
d us
es a
re e
xter
nal.
Ext
erna
l cas
hfl
ow is
a m
easu
re o
f a
fund
's a
bilit
y to
gro
w w
ithou
tre
lyin
g on
inve
stm
ent i
ncom
e or
red
empt
ions
to f
und
curr
ent l
iabi
litie
s.
The
sum
of
mem
ber
and
empl
oyer
con
trib
utio
ns m
inus
the
sum
of
bene
fit p
aym
ents
, ref
unds
, and
adm
inis
trat
ive
expe
nses
equ
als
the
exte
rnal
cas
h fl
ow o
f th
e pe
nsio
nfu
nd. W
hen
the
cont
ribu
tions
exc
eed
expe
nses
, the
cas
hfl
ow is
pos
itive
. Pos
itive
ext
erna
l cas
h fl
ow c
ontr
ibut
esto
the
grow
th o
f th
e fu
nd b
y al
low
ing
all i
nves
tmen
tea
rnin
gs to
be
rein
vest
ed im
med
iate
ly.
(Con
trib
utio
ns +
Rei
mbu
rsem
ents
+
Adm
inis
trat
ive
App
ropr
iatio
ns)
(Ben
efit
Pay
men
ts +
Ref
unds
+
Adm
inis
trat
ive
Exp
ense
s)
Cm
hQ
Wk
Rem
,
711=
5 T
EA
CH
ER
RE
TIR
EM
EN
T S
YS
TE
M O
F T
EX
AS
5 0
21
5 1
How
ever
, mov
ing
from
a p
ositi
ve to
a n
egat
ive
exte
rnal
cash
flo
w is
a n
orm
al o
ccur
renc
e fo
r a
mat
urin
g pe
nsio
nfu
nd. P
ensi
ons
are
pref
unde
d be
caus
e th
is s
hift
will
occu
r. T
he p
rim
ary
impl
icat
ion
of a
neg
ativ
e ex
tern
alca
sh f
low
is th
at w
hen
inve
stm
ent e
arni
ngs
are
used
topa
y be
nefi
t cos
ts, t
hey
cann
ot b
e re
inve
sted
.
TR
S's
Cas
h F
low
TR
S's
tota
l cas
h fl
ow f
rom
con
trib
utio
ns, i
nter
est a
nddi
vide
nd in
com
e, a
nd in
vest
men
t net
gai
ns a
re f
ar g
reat
erth
an th
e sy
stem
's c
urre
nt c
ash
need
s. I
t is
expe
cted
that
the
cash
gen
erat
ion
capa
city
of
the
trus
t, in
clud
ing
stat
ean
d em
ploy
ee c
ontr
ibut
ions
will
con
tinue
to b
e su
ffic
ient
to f
und
cash
req
uire
men
ts f
or th
e fo
rese
eabl
e fu
ture
.
Mill
ions
$4,5
00
$4,0
00
$3,5
00
$3,0
00
$2,5
00
$2,0
00
$1,5
00
$1,0
00
$500 $0
1988
PE
NS
ION
TR
US
T F
UN
D
I Con
trib
utio
ns +
Inte
rest
& D
ivid
ends
I
Mem
ber
& S
tate
Con
trib
utio
ns
Ben
effs
& E
xpen
ses
1989
1990
1991
1992
1993
1994
1995
1996
1997
Fis
cal Y
ear
Rev
enue
-Con
trib
utio
ns +
Inte
rest
& D
ivid
ends
=go
= R
even
ue-C
ontr
ibut
ions
Onl
y (M
embe
r &
Sta
te)
nxzo
* D
isbu
rsem
ents
-Ben
efits
& E
xpen
ses
Sou
rces
of I
ncom
e -
Fis
cal Y
ear
1997
Inve
stm
ents
85.
8%M
embe
rs 7
.4%
Sta
te 6
.2%
Sch
ool D
istr
icts
0.6
%
Add
ition
s to
Pla
n N
et A
sset
s du
ring
fis
cal y
ear
1997
exce
eded
ded
uctio
ns b
y $1
2.1
billi
on, u
nder
linin
g th
efi
nanc
ial s
tren
gth
of th
e pe
nsio
n fu
nd. T
he s
tren
gth
offi
nanc
ial m
arke
ts d
urin
g 19
97 p
rovi
ded
man
y op
port
uni-
ties
for
inve
stm
ent g
ains
.
tJ T
EA
CH
ER
RE
TIR
EM
EN
T S
YS
TE
M O
F T
EX
AS
22
5 2
5 3
I1
Sta
tem
ent o
f Cha
nges
in P
lan
Net
Ass
ets
PEN
SIO
N T
RU
ST F
UN
D
Add
ition
s:19
97
From
Mem
bers
$1,
070,
235,
761
From
Sta
te89
5,08
5,34
4Fr
om S
choo
l Dis
tric
ts86
,940
,233
From
Inv
estm
ents
12,4
27,1
05,2
85O
ther
646,
237
TO
TA
L A
DD
ITIO
NS
$ 14
,480
,012
,860
Ded
uctio
ns:
1997
For
Ben
efits
$2,
209,
571,
246
For
Ref
imds
to M
embe
rs16
6,12
5,69
5Fo
r A
dmin
istr
atio
n24
,468
,931
For
Em
ploy
ees
Ret
irem
ent
Syst
em8,
248,
161
TO
TA
L D
ED
UC
TIO
NS
$2,
408,
414,
033
Fisc
al y
ear
1997
dis
trib
utio
ns w
ere
up 5
.0%
to $
2.4
billi
on, p
rim
arily
bec
ause
of
an in
crea
se in
the
retir
eepo
pula
tion
and
the
effe
cts
of a
d ho
c in
crea
ses
prov
ided
by
the
legi
slat
ure.
TR
S A
dmin
istr
ativ
e B
udge
tT
he P
ensi
on T
rust
Fun
d ad
min
istr
ativ
e ex
pens
es a
re c
on-
trol
led
by a
n an
nual
bud
get a
ppro
ved
by th
e bo
ard
oftr
uste
es. E
ffec
tive
for
the
bien
nium
199
8-99
, the
Sta
te o
fT
exas
app
ropr
iate
d fr
om th
e ge
nera
l rev
enue
fun
d$2
3,66
7,55
2 fo
r ea
ch y
ear
of th
e bi
enni
um f
or T
RS
adm
in-
istr
ativ
e op
erat
ions
.
Bud
getN
eeds
.T
RS
is c
omm
itted
to m
aint
aini
ng a
n ef
fi-
cien
t adm
inis
trat
ion.
How
ever
, con
tinue
d gr
owth
in m
em-
bers
hip
and
in th
e si
ze o
f th
e fu
nd is
pla
cing
con
side
rabl
est
rain
on
reso
urce
s, w
hile
lim
iting
our
abi
lity
to m
eet
mem
bers
' ser
vice
nee
ds. D
urin
g th
e cu
rren
t bie
nniu
m,
proj
ects
cri
tical
to s
ervi
ce d
eliv
ery
and
impl
emen
ting
legi
slat
ive
chan
ges
have
bee
n fu
nded
by
inve
stm
ent e
arn-
ings
. The
ref
eren
ced
proj
ects
are
pri
mar
ily te
chno
logy
- an
dpr
oces
s- r
elat
ed, a
nd h
ave
a si
gnif
ican
t im
pact
on
TR
S's
abili
ty to
con
trol
its
long
-ran
ge a
dmin
istr
ativ
e co
sts.
TR
Sex
pect
s to
com
plet
e th
e pr
ojec
ts b
y th
e en
d of
the
curr
ent
bien
nium
or
earl
y in
the
next
bie
nniu
m.
T II
J T
EA
CH
ER
RE
TIR
EM
EN
T S
YS
TE
M O
F T
EX
AS
2 3
r'455
Did
You
Kno
w.
..
..
.T
RS
has
a lo
w o
pera
ting
budg
et p
erto
tal m
embe
rshi
p ra
tio. T
he T
RS
cos
t per
mem
ber
is c
urre
ntly
less
than
$29
a y
ear
$30,
000,
000
$25,
000,
000
$20,
000,
000
$15,
000,
000
$10,
000,
000
$5,0
00,0
00 $0
OP
ER
AT
ING
EX
PE
NS
EP
ER
AC
TIV
E M
EM
BE
R A
ND
RE
TIR
EE
FY
93-F
Y97
(Doe
s no
t inc
lude
cap
ital e
xpen
ditu
res)
$34.
48$3
3.21
Mr,
/,51
1993
1994
77 O
PE
RA
TIN
G E
XP
EN
SE
EO
N C
OS
T P
ER
ME
MB
ER
1995
FIS
CA
L Y
EA
R19
9619
97
$33
ffi 2$3
1 2 cc
$29
m 0
$27
$25
11M
S T
EA
CH
ER
RE
TIR
EM
EN
T S
YS
TE
M O
F T
EX
AS
24
57
Fun
ding
for
Ret
iree
Hea
lthB
enef
its P
rogr
amT
RS-
Car
e w
as f
irst
off
ered
as
a ne
w s
ervi
ce to
sch
ool
dist
rict
ret
iree
s in
198
6. A
t tha
t tim
e, p
roje
ctio
ns in
di-
cate
d th
at f
undi
ng f
or th
e pr
ogra
m w
ould
last
app
roxi
-m
atel
y 10
yea
rs. F
inan
cial
per
form
ance
of
the
fund
has
leng
then
ed it
s ex
pect
ed li
fe. N
ever
thel
ess,
cur
rent
actu
aria
l ana
lysi
s in
dica
tes
that
fun
ds w
ill b
e ex
haus
ted
duri
ng f
isca
l yea
r 20
01. C
ontin
uatio
n of
the
prog
ram
beyo
nd th
at ti
me
will
req
uire
an
incr
ease
in f
undi
ng f
rom
exis
ting
or n
ew s
ourc
es.
The
TR
S-C
are
fund
for
ret
iree
s re
ceiv
es c
ontr
ibut
ions
from
the
stat
e's
Gen
eral
Rev
enue
Fun
d. P
roje
cted
sta
teco
ntri
butio
ns f
or th
e 19
98 a
nd 1
999
fisc
al y
ears
are
$71,
808,
384
and
$75,
757,
845,
res
pect
ivel
y. A
dditi
onal
fund
ing
sour
ces
for
the
prog
ram
incl
ude
activ
e m
embe
rco
ntri
butio
ns, r
etir
ee c
ontr
ibut
ions
for
opt
iona
l and
depe
nden
t cov
erag
e, a
nd in
vest
men
t inc
ome.
The
boa
rd o
f tr
uste
es a
ppro
ves
an a
nnua
l bud
get c
ontr
ol-
ling
the
adm
inis
trat
ive
cost
s of
the
prog
ram
.
Rev
enue
s an
d E
xpen
ditu
res
PUB
LIC
SC
HO
OL
EM
PLO
YE
ES
GR
OU
PIN
SUR
AN
CE
- R
ET
IRE
ES
Rev
enue
s:19
97
From
Act
ive
Mem
bers
$ 33
,808
,197
From
Sta
te67
,616
,395
From
Ret
iree
s87
,657
,784
From
Inv
estm
ents
16,1
25,9
73
TO
TA
L R
EV
EN
UE
S$
205,
208,
349
Exp
endi
ture
s:19
97
For
Cla
ims
$ 21
1,35
4,47
1Fo
r E
xter
nal A
dmin
istr
atio
n12
,880
,395
For
Inte
rnal
Adm
inis
trat
ion
1,21
7,05
9
TO
TA
L E
XPE
ND
ITU
RE
S$
225,
451,
925
Cov
erag
e fo
rAct
ive
Scho
ol E
mpl
oyee
s. T
he 7
4th
Leg
isla
ture
aut
hori
zed
TR
S to
off
er h
ealth
car
e be
nefi
tsfo
r ac
tive
mem
bers
. Sin
ce S
epte
mbe
r 1,
199
6, T
RS-
Car
e ha
s ad
min
iste
red
a se
para
te h
ealth
car
e pr
ogra
m f
orth
e ac
tive
empl
oyee
s of
dis
tric
ts w
hich
ele
cted
to p
artic
i-pa
te. T
he p
rogr
am is
sel
f-su
ppor
ting,
with
em
ploy
ing
dist
rict
s an
d pa
rtic
ipat
ing
empl
oyee
s sh
arin
g th
e co
st.
Alth
ough
par
ticip
atio
n ha
s be
en d
isap
poin
ting
only
thre
e sc
hool
dis
tric
ts w
ith a
tota
l of
appr
oxim
atel
y 21
5em
ploy
ees
enro
lled
TR
S re
mai
ns c
omm
itted
tow
orki
ng w
ith a
ll in
tere
sted
par
ties
to g
ener
ate
a su
cces
s-fu
l pla
n.
111=
5 T
EA
CH
ER
RE
TIR
EM
EN
T S
YS
TE
M O
F T
EX
AS
25
5 8
Inve
stm
ents
Obj
ectiv
es. P
rude
nt in
vest
men
t of
the
fund
s co
ntri
bute
dto
the
syst
em p
rovi
des
the
foun
datio
n fo
r ac
hiev
ing
the
goal
of
an a
ctua
rial
ly s
ound
fun
d. T
he T
RS
inve
stm
ent
port
folio
is s
truc
ture
d to
ach
ieve
a lo
ng-t
erm
ret
urn
that
exce
eds
the
assu
med
act
uari
al r
ate
of r
etur
n ad
opte
d by
the
boar
d of
trus
tees
and
exc
eeds
the
long
-ter
m r
ate
ofin
flat
ion
by a
n an
nual
ized
3%
. The
sys
tem
mai
ntai
ns a
long
-ter
m in
vest
men
t hor
izon
that
allo
ws
for
inve
stm
ent
in v
ario
us a
sset
cla
sses
with
cyc
lical
per
form
ance
suc
has
long
mat
urity
bon
ds, e
quiti
es, r
eal e
stat
e, a
nd a
ltern
a-tiv
e as
sets
. Eac
h as
set c
lass
is r
evie
wed
and
mus
t be
appr
oved
by
trus
tees
pri
or to
inve
stm
ent.
Com
posi
tion.
To
dete
rmin
e th
e ap
prop
riat
e as
set
clas
ses
and
the
amou
nt o
f fu
nds
that
sho
uld
be a
lloca
ted
to e
ach
clas
s, th
e bo
ard
has
adop
ted
a po
licy
requ
irin
gan
ass
et/li
abili
ty s
tudy
be
cond
ucte
d at
leas
t eve
ry f
ive
year
s. T
he p
urpo
se o
f th
e st
udy
is to
dev
elop
an
asse
tal
loca
tion
stan
dard
that
mee
ts th
e in
vest
men
t ris
k to
ler-
ance
s of
the
boar
d an
d w
hich
is p
roje
cted
to m
eet t
helo
ng-t
erm
per
form
ance
obj
ectiv
es o
f th
e fu
nd. B
yes
tabl
ishi
ng s
peci
fic
asse
t allo
catio
n ta
rget
s fo
r th
e fu
nd,
TR
S en
sure
s di
vers
ific
atio
n an
d co
ntro
ls r
isk.
TR
S co
nduc
ted
an a
sset
/liab
ility
stu
dy in
199
5. T
heas
set c
lass
es a
nd th
e al
loca
tion
rang
es e
stab
lishe
d ar
ede
pict
ed in
the
follo
win
g ch
art.
GO
TS
TE
AC
HE
R R
ET
IRE
ME
NT
SY
ST
EM
OF
TE
XA
S
80%
70%
60%
50%
40%
30%
20%
10%
0%
Ass
et A
lloca
tion
Ran
ges
Dom
estic
Intl
Fix
edE
quiti
esE
quiti
esIn
com
eR
eal
Alte
rnat
ive
Cas
hE
stat
eA
sset
sE
quiv
alen
ts
Perf
orm
ance
. The
TR
S in
vest
men
t pol
icy
esta
blis
hes
obje
ctiv
es a
gain
st w
hich
the
perf
orm
ance
of
the
tota
lpo
rtfo
lio a
nd e
ach
of it
s co
mpo
nent
s w
ill b
e m
easu
red.
Inve
stm
ent p
erfo
rman
ce a
nd p
ortf
olio
cha
ract
eris
tics
are
calc
ulat
ed a
nd c
ompa
red
to e
stab
lishe
d be
nchm
arks
on
aqu
arte
rly
basi
s. D
iffe
renc
es in
inve
stm
ent p
olic
y, a
sset
allo
catio
n st
rate
gies
, and
ris
k to
lera
nce
mak
e co
mpa
ri-
sons
with
oth
er p
ublic
fun
ds le
ss m
eani
ngfu
l tha
n co
m-
pari
sons
with
rec
ogni
zed
indu
stry
ben
chm
arks
.
Soun
dnes
s. D
urin
g 19
97 th
e fu
nd b
enef
ited
from
str
ong
fina
ncia
l mar
kets
that
pro
vide
d op
port
uniti
es f
or e
xcel
-le
nt r
etur
ns a
nd g
row
th. D
urin
g th
e pa
st f
ive
year
s, th
ein
vest
men
t por
tfol
io's
tota
l fun
d re
turn
was
14.
3%co
mpo
unde
d an
nual
ly, r
esul
ting
in a
n 89
% g
row
th in
26
asse
ts a
t mar
ket v
alue
to a
tota
l val
uatio
n of
$62
bill
ion
at A
ugus
t 199
7. F
or th
e 12
mon
ths
endi
ng S
epte
mbe
r30
, 199
7, th
e to
tal f
und
retu
rn w
as 2
5.4%
.
PE
NS
ION
TR
US
T F
UN
DT
ime
Wei
ghte
d R
etur
ns-T
otal
Inve
stm
ent P
ortfo
lioF
or p
erio
ds e
ndin
g S
epte
mbe
r 30
30.0
%25
45.
41i
25.0
%23
2%
22 4
%19
7%
20.0
%
15.0
%13
n,12
6%
10.0
%3
4%5.
0%
0.0%
6*.r
oo - 5%
-5.0
%19
8819
8919
9019
9119
92 1
993
1994
1995
199
619
97
Act
uaria
l Con
ditio
nT
he a
ctua
rial
con
ditio
n of
the
trus
t fun
d ha
s st
eadi
lyim
prov
ed, a
nd a
t Aug
ust 1
997
was
vir
tual
ly f
ully
fun
ded.
For
fisc
al y
ear
1997
, bot
h th
e U
nfun
ded
Act
uari
alA
ccru
ed L
iabi
lity
(UA
AL
) an
d th
e ye
ars
to a
mor
tize
UA
AL
dec
reas
ed, p
rim
arily
bec
ause
of
inve
stm
ent
inco
me
exce
edin
g th
e im
pact
of
the
annu
ity in
crea
seap
prov
ed b
y th
e 75
th L
egis
latu
re.
TO
TA
L A
CT
UA
RIA
L A
CC
RU
ED
LIA
BIL
ITY
VS
. UN
FU
ND
ED
AC
TU
AR
IAL
AC
CR
UE
D L
IAB
ILIT
Y W
ITH
YE
AR
S T
O F
UN
D U
ML
MU
nfun
ded
Adu
aria
l Acc
rued
Lia
bilit
yA
duar
ial A
ccru
ed L
iabi
lity
fund
ing
Per
iod
80,0
00
70,0
00
u, 6
0,00
0
231
50,0
00
11--
, 40,
000
0 30
,000
M 2
0,00
0
10,0
00
50 45 40 35 20 15
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
FIS
CA
L. Y
EA
R
11IM
S T
EA
CH
ER
RE
TIR
EM
EN
T S
YS
TE
M O
F T
EX
AS
27
Phy
sica
l Fac
ilitie
sT
RS
owns
its
offi
ce f
acili
ty lo
cate
d at
100
0 R
ed R
iver
Stre
et in
Aus
tin. T
he w
est b
uild
ing
was
con
stru
cted
betw
een
1971
-197
3 an
d to
tals
74,
153
squa
re f
eet.
The
east
bui
ldin
g w
as c
onst
ruct
ed b
etw
een
1987
-199
0 an
dto
tals
136
,790
squ
are
feet
.
TR
S le
ases
10,
096
squa
re f
eet o
f sp
ace
to th
e St
ate
Boa
rd f
or E
duca
tor
Cer
tific
atio
n. A
noth
er 3
,765
squ
are
feet
is le
ased
to th
e T
elec
omm
unic
atio
ns I
nfra
stru
ctur
eFu
nd B
oard
. As
a re
sult,
TR
S ha
s si
gnif
ican
tly im
prov
edits
spa
ce u
tiliz
atio
n.
M T
EA
CH
ER
RE
TIR
EM
EN
T S
YS
TE
M O
F T
EX
AS
28
6465
Util
izat
ion
of H
UB
sT
RS'
s H
isto
rica
lly U
nder
utili
zed
Bus
ines
ses
(HU
B)
part
icip
atio
n ha
s st
eadi
ly in
crea
sed
sinc
e ca
lend
arye
ar 1
991.
The
sys
tem
con
tinue
s to
see
k op
port
uni-
ties
to c
ontin
ue to
incr
ease
HU
B u
tiliz
atio
n in
ord
erto
ach
ieve
sta
te g
oals
. TR
S is
com
mitt
ed to
incr
easi
ngco
ntra
ct a
war
ds to
HU
Bs.
Thi
s co
mm
itmen
t was
dem
on-
stra
ted
by th
e bo
ard
of tr
uste
es, w
hich
in F
Y 1
995
esta
blis
hed
a fu
ll-tim
e po
sitio
n to
coo
rdin
ate
TR
S's
HU
B p
urch
asin
g pr
ogra
m. S
ince
mak
ing
that
sta
ffal
loca
tion,
TR
S ha
s pa
rtic
ipat
ed in
eve
ry E
cono
mic
Opp
ortu
nity
For
um h
eld
by th
e G
ener
al S
ervi
ces
Com
-m
issi
on (
GSC
).
Per
cent
age
Spe
nt O
n H
UB
s20
00%
18 0
0%
16 0
0%
14 0
0%
12.0
0%
10.0
0%
8.00
%
6.00
%
4.00
%
2.00
%
0.00
% CY
91-
92
10.8
8%,/,
/
r"
CY
92-
93F
Y 9
3-94
FY
94-
95F
Y 9
5-96
Fis
cal Y
ear
(FY
) or
Cal
enda
r Y
ear
(CY
)F
Y 9
6-97
As
an a
genc
y he
adqu
arte
red
in A
ustin
with
out f
ield
or
sate
llite
off
ices
, TR
S's
purc
hasi
ng e
ffor
ts a
re c
entr
al-
ized
. How
ever
, the
HU
B c
oord
inat
or tr
avel
s to
eve
nts
and
foru
ms
thro
ugho
ut th
e st
ate
to e
ncou
rage
par
ticip
a-tio
n fr
om H
UB
ven
dors
sta
tew
ide.
HU
B E
xpen
ditu
res
as P
erce
ntag
e of
Tot
al. F
or f
isca
lye
ar 1
997,
TR
S's
HU
B u
tiliz
atio
n w
as 1
8.4%
of
its to
tal
expe
nditu
res.
HU
B E
xpen
ditu
res
Com
pare
d to
Sta
te's
HU
B E
xpen
-di
ture
s. T
RS
expe
nds
fund
s in
fou
r of
the
stat
e's
pur-
chas
ing
cate
gori
es:
All
spec
ial t
rade
con
stru
ctio
n co
ntra
ctPr
ofes
sion
al s
ervi
ces
cont
ract
sA
ll ot
her
serv
ice
cont
ract
sC
omm
oditi
es c
ontr
acts
TR
S ha
s no
exp
endi
ture
s in
two
of th
e st
ate'
s ca
tego
ries
:"H
eavy
con
stru
ctio
n ot
her
than
bui
ldin
g co
ntra
cts"
and
"All
othe
r bu
ildin
g co
nstr
uctio
n in
clud
ing
gene
ral
cont
ract
ors
and
oper
ativ
e bu
ildin
g co
ntra
cts.
" In
the
firs
t thr
ee c
ateg
orie
s in
whi
ch T
RS
expe
nds
fund
s, th
esy
stem
's p
erce
ntag
e of
HU
B u
tiliz
atio
n is
bel
ow th
est
ate'
s go
al. I
n th
e fo
urth
cat
egor
y, T
RS
is c
urre
ntly
exce
edin
g th
e st
ate
goal
.
ni=
5 T
EA
CH
ER
RE
TIR
EM
EN
T S
YS
TE
M O
F T
EX
AS
29
G6
BE
ST
CO
PY
AV
AIL
AB
LE
68
Stat
e an
d T
RS
HU
B E
xpen
ditu
res
for
Firs
t Six
Mon
ths
of F
Y98
PR
OC
UR
EM
EN
T U
TIL
IZA
TIO
N G
OA
LSB
AS
ED
ON
AC
TU
AL
AV
AIL
AB
ILIT
Y
33.9
%33
.0%
13.9
%15
.1%
12.6
%9.
6%
Com
mod
ityO
ther
Ser
vice
Con
trac
tsC
ontr
acts
57.2
%
20.9
%.0
% 2
0.5%
0%P
rofe
ssio
nal
Ser
vice
s
TR
SO
ST
AT
E G
OA
LSD
ST
AT
E E
XP
EN
DIT
UR
ES
* S
ourc
e: G
SC
HU
B D
ata
Rep
ort
Spe
cial
Tra
de
Com
plet
ed I
nitia
tives
for
Inc
reas
ed H
UB
Util
izat
ion.
TR
S ro
utin
ely
cont
acts
HU
B v
endo
rs f
or p
urch
ases
itpr
oces
ses.
TR
S ha
s al
so e
stab
lishe
d a
polic
y pe
rmitt
ing
the
awar
d of
pur
chas
e or
ders
at E
cono
mic
Opp
ortu
nity
Foru
ms.
In 1
997,
TR
S pa
rtic
ipat
ed in
22
GSC
-spo
nsor
edE
cono
mic
Opp
ortu
nity
For
ums,
Sta
te S
enat
or F
o-ru
ms,
and
num
erou
s ot
her
min
ority
ent
erpr
ise
deve
l-op
men
t mee
tings
and
HU
B m
eetin
gs.
TR
S's
part
icip
atio
n in
suc
h ac
tiviti
es r
esul
ted
inap
prox
imat
ely
1,73
5 co
ntac
ts w
ith H
UB
ven
dors
in19
97.
Dur
ing
the
sam
e pe
riod
, TR
S aw
arde
d co
ntra
cts
tota
ling
$1.4
53 m
illio
n to
HU
B v
endo
rs.
TR
S us
es th
e G
SC's
cen
tral
ized
mas
ter
bidd
ers
list t
oid
entif
y pr
ospe
ctiv
e H
UB
ven
dors
for
its
purc
hase
s.
TR
S de
velo
ped
a br
ochu
re o
n "D
oing
Bus
ines
s w
ithT
RSH
UB
Ven
dor
Gui
de"
whi
ch a
ssis
ts H
UB
vend
ors
with
con
trac
t opp
ortu
nitie
s.
TR
S ho
sted
the
Stat
e H
UB
Co-
Op
mee
ting.
To
enab
le T
RS
man
ager
s to
mon
itor
thei
r us
e of
HU
Bs,
the
agen
cy d
istr
ibut
es a
mon
thly
rep
ort i
ndi-
catin
g ea
ch d
epar
tmen
t's to
tal e
xpen
ditu
res
and
the
perc
enta
ge a
war
ded
to H
UB
ven
dors
.
TR
S at
torn
eys
cont
inue
to p
artic
ipat
e in
the
Min
ority
Cou
ncil
Prog
ram
spo
nsor
ed b
y th
e St
ate
Bar
of
Tex
as, p
rese
ntin
g in
form
atio
n an
d in
terv
iew
ing
HU
Bfi
rms
and
othe
rmin
oriti
es a
nd w
omen
inte
rest
ed in
prov
idin
g le
gal s
ervi
ces
to th
e ag
ency
.
TR
S In
vest
men
t sta
ff r
evie
wed
app
roxi
mat
ely
35H
UB
app
licat
ions
for
bro
kera
ge s
ervi
ces
and
adde
dse
ven
HU
B b
roke
rs.
In th
e di
spos
ition
of
all o
wne
d re
al e
stat
e as
sets
, rea
les
tate
bro
kers
hav
e be
en e
ncou
rage
d to
--an
d in
mos
tin
stan
ces
have
--jo
int v
entu
re w
ith H
UB
fir
ms.
111=
l5 T
EA
CH
ER
RE
TIR
EM
EN
T S
YS
TE
M O
F T
EX
AS
30
69
Futu
re I
nitia
tives
to I
ncre
ase
HU
B U
tiliz
atio
n. T
RS
is c
omm
itted
to r
each
ing
the
stat
e's
goal
for
HU
B u
tiliz
a-tio
n, a
nd w
ill c
ontin
ue to
mak
e a
good
fai
th e
ffor
t to
doSO
.
TR
S w
ill c
ontin
ue to
enc
oura
ge a
nd in
som
e in
-st
ance
s re
quir
e pr
ime
cont
ract
ors
to u
se H
UB
sub
-co
ntra
ctor
s.
TR
S w
ill c
ontin
ue to
iden
tify
non-
cert
ifie
d H
UB
vend
ors
and
educ
ate
them
on
stat
e pu
rcha
sing
rul
esan
d re
gula
tions
.
TR
S w
ill c
ontin
ue to
ass
ist n
on-c
ertif
ied
HU
Bve
ndor
s in
com
plet
ing
the
docu
men
tatio
n re
quir
ed to
beco
me
cert
ifie
d.
TR
S w
ill c
ontin
ue to
par
ticip
ate
in th
e E
cono
mic
Opp
ortu
nity
For
ums
spon
sore
d by
the
GSC
and
sta
tese
nato
rs a
nd r
epre
sent
ativ
es, a
s w
ell a
s ot
her
conf
er-
ence
s or
con
vent
ions
that
pro
vide
con
trac
t opp
ortu
-ni
ties
and
trai
ning
to H
UB
s an
d ag
ency
pur
chas
ing
staf
f.
Sum
mar
y of
Fis
cal A
ttrib
utes
:
TR
S's
pens
ion
trus
t is
in e
xcel
lent
fin
anci
al c
ondi
-tio
n. T
he s
yste
m is
vir
tual
ly f
ully
fun
ded.
Fund
ing
for
the
retir
ee h
ealth
ben
efits
pro
gram
will
likel
y be
dep
lete
d du
ring
fis
cal y
ear
2001
. Con
tinu-
atio
n of
the
prog
ram
bey
ond
that
tim
e w
ill r
equi
re a
nin
crea
se in
fun
ding
fro
m e
xist
ing
or n
ew s
ourc
es.
The
per
form
ance
of
TR
S in
vest
men
ts e
xcee
ds th
ees
tabl
ishe
d ac
tuar
ial r
ate
of r
etur
n, a
nd th
e sy
stem
rem
ains
act
uari
ally
sou
nd.
Cap
ital e
xpen
ditu
res
plan
ned
for
1997
-199
9 re
late
toT
RS'
s te
chno
logy
infr
astr
uctu
re.
1IM
TE
AC
HE
R R
ET
IRE
ME
NT
SY
STE
M O
F T
EX
AS
31
7 0
,
Indu
stry
Lea
der
TR
S is
rec
ogni
zed
as a
n in
dust
ry le
ader
in th
e pe
nsio
n ar
ena.
In
are
cent
Pen
sion
s &
Inv
estm
ents
art
icle
, TR
S ra
nked
sev
enth
in a
sset
size
am
ong
the
top
200
pens
ion
fund
s in
eric
a. T
RS
is r
anke
d as
the
sixt
h la
rges
t pub
lic p
ensi
on f
und
in th
e na
tion.
TR
S in
vest
men
t per
form
ance
has
bee
n qu
ite f
avor
able
acc
ordi
ngto
a 1
996
Rep
ort t
o th
e L
egis
lativ
e A
udit
Com
mitt
ee b
yIn
depe
nden
t Fid
ucia
ry S
ervi
ces,
Inc
.
Man
y ot
her
fund
s ha
ve v
isite
d T
RS
to le
arn
abou
t pro
cess
im-
prov
emen
ts.
BE
ST C
OPY
AV
AIL
AB
LE
111M
5 T
EA
CH
ER
RE
TIR
EM
EN
T S
YST
EM
OF
TE
XA
S32
.3
Res
ourc
esB
ecau
se o
f th
e sc
ope
of o
pera
tions
invo
lved
in m
eetin
gth
e ne
eds
of T
RS
mem
bers
, the
age
ncy'
s st
aff
and
tech
-no
logy
infr
astr
uctu
re a
re it
s m
ost e
ssen
tial r
esou
rces
.T
RS
oper
atio
ns a
re in
form
atio
n-in
tens
ive.
To
succ
ess-
fully
man
age
and
adm
inis
ter
its c
ompl
ex p
rogr
ams,
TR
Sm
ust d
evel
op b
oth
an o
utst
andi
ng w
orkf
orce
and
an
outs
tand
ing
tech
nolo
gy in
fras
truc
ture
. With
a r
apid
lych
angi
ng o
rgan
izat
iona
l and
tech
nolo
gica
l env
iron
men
tco
mes
the
need
for
ong
oing
sta
ff d
evel
opm
ent i
nitia
tives
.T
RS
cont
inue
s to
em
phas
ize
effe
ctiv
e tr
aini
ng to
ens
ure
the
bene
fits
of
tech
nolo
gy a
re f
ully
rea
lized
.
TR
S H
uman
Ass
ets.
TR
S m
aint
ains
eff
ectiv
e hu
man
reso
urce
pro
gram
s to
rec
ruit,
sel
ect,
deve
lop,
man
age,
and
reta
in a
div
erse
and
hig
hly
qual
ifie
d st
aff.
Bec
ause
of th
e co
mpl
exity
of
TR
S's
oper
atio
ns, h
irin
g an
d de
vel-
opin
g th
e ri
ght p
eopl
e fo
r ea
ch jo
b is
a c
ritic
al f
acto
r in
fulf
illin
g th
e ag
ency
mis
sion
and
con
tinue
s to
be
apr
iori
ty.
Rec
ruitm
ent a
nd R
eten
tion.
The
age
ncy
iden
tifie
sco
mpe
titiv
e ca
ndid
ates
thro
ugh
a co
mpr
ehen
sive
sel
ec-
tion
proc
ess,
whi
ch in
clud
es te
am-b
ased
inte
rvie
ws.
TR
S m
aint
ains
its
repu
tatio
n as
a g
ood
empl
oyer
, whi
chhe
lps
attr
act q
ualif
ied
empl
oyee
s.
Alth
ough
TR
S ha
s hi
stor
ical
ly h
ad a
turn
over
rat
e lo
wer
than
sta
tew
ide
aver
ages
, rec
ent t
urno
ver
amon
g in
vest
-m
ent s
taff
and
tech
nica
l pro
fess
iona
ls is
of
part
icul
arco
ncer
n to
the
agen
cy. T
he u
npre
cede
nted
str
engt
h of
the
Tex
as e
cono
my
and
resu
lting
low
rat
es o
f un
empl
oym
ent
have
cre
ated
an
incr
easi
ngly
com
petit
ive
mar
ket f
orre
crui
ting
qual
ifie
d em
ploy
ees.
Tur
nove
r R
ates
for
Cla
ssif
ied
Em
ploy
ees
16 0
0%
14 0
0%
12 0
0%
10.0
0%
8.00
%
6.00
%
4.00
%
2.00
%
0.00
%F
Y 9
3-94
FY
94-
95
TR
S U
Sta
tew
ide
FY
95-
96F
Y 9
6-97
M T
EA
CH
ER
RE
TIR
EM
EN
T S
YS
TE
M O
F T
EX
AS
33
7475
76
Tra
inin
g an
d St
aff
Dev
elop
men
t. T
RS
reco
gniz
es th
atde
velo
ping
a c
ompe
tent
and
con
fide
nt s
taff
is e
ssen
tial
to it
s su
cces
s in
ser
ving
mem
bers
. To
cons
erve
tim
e,T
RS
appl
ies
alte
rnat
ive
lear
ning
str
ateg
ies
to a
ddre
ssle
arni
ng n
eeds
suc
h as
: com
pute
r-ba
sed,
sel
f-pa
ced
tuto
rial
s; s
elf-
stud
y re
sour
ces
avai
labl
e fo
r ch
ecko
ut;
and
shor
t sta
ff m
eetin
g or
"br
own
bag"
trai
ning
ses
-si
ons.
On-
the-
job
trai
ning
is a
n es
sent
ial c
ompo
nent
of
TR
S's
staf
f de
velo
pmen
t eff
orts
, and
man
y de
part
men
tsha
ve d
esig
nate
d em
ploy
ee c
oach
es to
hel
p pr
ovid
e jo
b-sp
ecif
ic tr
aini
ng.
All
new
em
ploy
ees
part
icip
ate
in a
thor
ough
New
Em
ploy
ee O
rien
tatio
n to
giv
e th
em a
fir
m f
ound
atio
n in
thei
r ne
w p
ositi
on. C
lass
room
trai
ning
is o
ffer
ed in
such
str
ateg
ical
ly a
ligne
d ar
eas
as T
eam
Bui
ldin
g,C
ompu
ter
Skill
s, P
rese
ntat
ion
Skill
s, L
eade
rshi
p an
dM
anag
emen
t, E
thic
s, a
nd E
qual
Em
ploy
men
t Opp
ortu
-ni
ty P
ract
ices
. App
roxi
mat
ely
25 p
erce
nt o
f T
RS
em-
ploy
ees
have
com
plet
ed a
Con
tinuo
us I
mpr
ovem
ent
clas
s. T
RS
also
off
ers
an E
duca
tiona
l Ass
ista
nce
Prog
ram
to h
elp
empl
oyee
s pu
rsui
ng h
ighe
r ed
ucat
ion
cour
sew
ork
and
degr
ee p
rogr
ams.
Suc
h de
velo
pmen
top
port
uniti
es a
re a
n im
port
ant a
spec
t of
TR
S's
rete
ntio
nef
fort
s.
The
age
ncy
has
deve
lope
d tr
aini
ng p
artn
ersh
ips
with
seve
ral l
arge
r st
ate
agen
cies
.G
ener
ally
, ext
erna
lre
sour
ces
are
used
onl
y if
spe
cifi
c tr
aini
ng n
eeds
can
not
be m
et th
roug
h ou
r ow
n in
tern
al p
rogr
ams
or th
ose
ofot
her
stat
e ag
enci
es. C
heck
s an
d ba
lanc
es a
re u
sed
toco
ntro
l cos
ts a
nd o
ptim
ize
trai
ning
res
ults
.
Perf
orm
ance
Man
agem
ent.
TR
S m
aint
ains
a c
ompr
e-he
nsiv
e pe
rfor
man
ce m
anag
emen
t pro
gram
to o
ptim
ize
the
perf
orm
ance
of
its s
taff
. Cle
ar p
erfo
rman
ce s
tan-
dard
s, r
egul
ar f
eedb
ack,
and
dev
elop
men
tal p
lann
ing
are
key
elem
ents
of
the
prog
ram
. TR
S em
phas
izes
a r
esul
ts-
orie
nted
man
agem
ent s
tyle
to e
ncou
rage
em
ploy
ee e
m-
pow
erm
ent a
nd a
ccou
ntab
ility
in f
ulfi
lling
the
agen
cym
issi
on.
Peig
iots
taw
e
Naw
ifem
eat
PRO
GR
AM
111=
5 T
EA
CH
ER
RE
TIR
EM
EN
T S
YS
TE
M O
F T
EX
AS
34
77
Com
pens
atio
n an
d B
enef
its. I
n th
e hi
ghly
com
petit
ive
Tex
as jo
b m
arke
t, co
mpe
nsat
ion
is a
n in
crea
sing
lysi
gnif
ican
t iss
ue f
or a
ll em
ploy
ers.
TR
S fa
ces
a ch
al-
leng
e in
off
erin
g co
mpe
titiv
e co
mpe
nsat
ion
to it
s pr
ofes
-si
onal
sta
ff, p
artic
ular
ly in
the
area
s of
inve
stm
ents
and
tech
nolo
gy. R
etai
ning
sen
ior-
leve
l inv
estm
ent s
taff
ises
sent
ial i
n or
der
to e
ffec
tivel
y m
anag
e ri
sk in
adm
inis
-te
ring
a f
und
the
size
of
TR
S. A
lso
esse
ntia
l is
the
abili
ty to
attr
act a
nd r
etai
n a
high
ly s
kille
d te
chni
cal
staf
f. T
here
fore
, TR
S is
act
ivel
y w
orki
ng w
ith th
e St
ate
Aud
itor's
Off
ice
to a
ddre
ss th
e co
mpe
nsat
ion
issu
es f
orth
ese
prof
essi
onal
s. T
he c
ompr
ehen
sive
ben
efit
pack
age
prov
ided
by
the
stat
e is
attr
activ
e to
em
ploy
ees
and
appl
ican
ts, a
nd it
is a
val
ued
part
of
TR
S's
tota
l com
-pe
nsat
ion
pack
age.
Size
and
Com
posi
tion
of W
orkf
orce
. TR
S m
aint
ains
appr
oxim
atel
y 40
0 st
aff
posi
tions
for
bot
h th
e pe
nsio
nan
d in
sura
nce
fund
s, w
hich
tran
slat
es to
aro
und
380
empl
oyee
s on
a f
ull-
time
equi
vale
nt (
FTE
) ba
sis.
The
raci
al a
nd e
thni
c co
mpo
sitio
n of
TR
S's
wor
kfor
ceap
prox
imat
es th
at o
f re
cent
Aus
tin M
etro
polit
an S
tatis
ti-ca
l Are
a (M
SA)
repo
rts.
Rac
e &
Eth
nici
ty o
f E
mpl
oyee
s
371
Ful
l-tim
eA
s of
10.5
0%3/
31/9
817
.59%
0 2.
10%
069.
82%
373
Ful
l-tim
e _0
10.7
3%A
s of
016.
23%
3/31
/97
QV
2.0
9%
366
Ful
l-tim
eA
s of
3/31
/96
---0
15.8
5%01
.64%
378
Ful
l-tim
e 09
.52%
As
ofA
ft6/
30/9
5..
t01.
59%
389
Ful
l-tim
eA
s of
6/30
/94
-AD
8.74
%01
4.91
%2.
06%
0 70
.94%
0 73
.77%
073.
81%
074.
29%
0%10
%20
%30
%40
%50
%60
%70
%80
%P
erce
ntag
e of
TR
S W
orkf
orce
()W
hite
Bla
ck H
ispa
nic
()O
ther
MM
TE
AC
HE
R R
ET
IRE
ME
NT
SY
ST
EM
OF
TE
XA
S35
78
8 0
Tec
hnol
ogic
al D
evel
opm
ents
The
eff
ectiv
e us
e of
tech
nolo
gy p
lays
a v
ital r
ole
in T
RS
effo
rts
to d
eliv
er s
ervi
ces
and
man
age
inve
stm
ents
.Se
vera
l ele
men
ts c
ontr
ibut
e to
the
chal
leng
e T
RS
face
sin
mai
ntai
ning
an
effe
ctiv
e te
chno
logy
infr
astr
uctu
re,
incl
udin
g:
Eac
h ye
ar, t
he s
yste
m r
ecei
ves
mor
e th
an 4
.5 m
illio
nre
cord
s an
d pr
oces
ses
an e
ven
larg
er n
umbe
r of
time-
sens
itive
tran
sact
ions
.
The
ext
ent o
f au
tom
atio
n re
quir
ed to
bri
dge
the
gap
betw
een
staf
fing
leve
ls (
whi
ch a
re lo
w, r
elat
ive
toth
e si
ze o
f th
e fu
nd)
and
serv
ice
dem
ands
.
The
"m
ovin
g ta
rget
" of
cur
rent
tech
nolo
gy, a
nd th
esh
orte
ned
lifec
ycle
of
both
har
dwar
e an
d so
ftw
are.
TR
S st
rive
s to
sta
y ab
reas
t of
emer
ging
tech
nolo
gy,
part
icip
ates
in s
tate
initi
ativ
es, a
nd c
ontin
uous
ly s
eeks
oppo
rtun
ities
to g
ain
effi
cien
cy th
roug
h te
chno
logi
cal
enha
ncem
ents
. The
Man
agem
ent I
nfor
mat
ion
Syst
ems
Div
isio
n pl
ays
an in
tegr
al r
ole
in a
genc
y pl
anni
ng a
ndm
anag
emen
t.
Com
plet
ed I
nitia
tives
. The
mov
e to
loca
l are
a ne
t-w
orks
, net
wor
k- a
nd w
orks
tatio
n-ba
sed
soft
war
e, a
ndel
ectr
onic
imag
ing
has
set t
he d
irec
tion
of th
e sy
stem
'sfu
ture
tech
nolo
gy in
fras
truc
ture
. Add
ition
al c
ompl
eted
initi
ativ
es in
clud
e:
Impl
emen
ted
an in
tera
ctiv
e vo
ice-
resp
onse
(IV
R)
syst
em to
exp
and
serv
ice
deliv
ery
for
TR
S m
embe
rs.
Impr
oved
info
rmat
ion
reso
urce
s th
roug
h in
stal
latio
nof
loca
l are
a ne
twor
ks a
nd a
uni
form
and
fle
xibl
esu
ite o
f of
fice
aut
omat
ion
prod
ucts
to s
uppo
rt a
llT
RS
empl
oyee
s.
Impl
emen
ted
an e
lect
roni
c do
cum
ent i
mag
ing
syst
emth
at a
llow
s im
med
iate
, sim
ulta
neou
s ac
cess
tom
embe
r re
cord
s by
app
ropr
iate
TR
S st
aff
mem
bers
,im
prov
ing
resp
onse
to m
embe
r re
ques
ts. T
heim
agin
g sy
stem
als
o co
ntri
bute
s to
impr
oved
ser
vice
deliv
ery
by r
educ
ing
reso
urce
s de
dica
ted
to h
andl
ing
mill
ions
of
docu
men
ts a
nnua
lly.
Dev
elop
ed g
raph
ical
use
r in
terf
aces
for
mai
nfra
me
lega
cy s
yste
ms
to p
rovi
de u
sers
with
mor
e ef
fici
ent
acce
ss to
the
info
rmat
ion
they
nee
d to
per
form
thei
rjo
bs.
Com
plet
ed im
plem
enta
tion
of a
new
inve
stm
ent
acco
untin
g so
ftw
are
pack
age
(PA
M)
to a
llow
dai
lyre
conc
iliat
ions
of
inve
stm
ent h
oldi
ngs.
Intr
oduc
ed a
TR
S W
eb s
ite w
hich
off
ers
acce
ss to
aw
ide
vari
ety
of a
genc
y pu
blic
atio
ns a
nd o
ther
info
r-m
atio
n of
inte
rest
to m
embe
rs, e
mpl
oyer
s an
d th
epu
blic
-at-
larg
e.
TM
S T
EA
CH
ER
RE
TIR
EM
EN
T S
YS
TE
M O
F T
EX
AS
36
8 1
Initi
ated
a p
roje
ct to
con
vert
all
mem
ber
reco
rds
inth
e T
RS
mic
rofi
che
libra
ry to
dig
ital i
mag
es. T
his
proj
ect w
ill p
rovi
de s
ecur
e, e
asy
and
effi
cien
tac
cess
to m
embe
r re
cord
s an
d w
ill e
nabl
e T
RS
toce
ntra
lize
its C
opy
of R
ecor
d fo
r vi
tal m
embe
r fi
les.
Tim
e to
com
plet
e th
is p
roce
ss w
ill b
e re
duce
d fr
omap
prox
imat
ely
20 y
ears
to ju
st 1
8 m
onth
s.
Initi
ativ
es U
nder
way
to S
trea
mlin
e B
usin
ess
Func
-tio
ns. S
igni
fica
nt r
eeng
inee
ring
, pro
cedu
ral,
and
orga
niza
tiona
l pro
ject
s de
sign
ed to
str
eam
line
TR
S's
busi
ness
fun
ctio
ns w
ill b
e im
plem
ente
d ov
er a
one
- to
two-
year
per
iod.
The
Ben
efit
Serv
ices
Tra
nsfo
rmat
ion
(BeS
T)
Proj
ect i
scu
rren
tly u
nder
way
to a
ddre
ss th
e fo
llow
ing
area
s:
Stre
ngth
en c
apab
ilitie
s of
Man
agem
ent I
nfor
mat
ion
Serv
ices
(M
IS)
to e
ffec
tivel
y su
ppor
t the
TR
Sor
gani
zatio
n.
Sele
ct R
elat
iona
l Dat
a B
ase
Man
agem
ent S
yste
ms
(RD
BM
S) a
nd d
evel
op a
genc
ywid
e da
ta a
rchi
tec-
ture
.
Des
ign
new
mem
ber
enro
llmen
t and
dis
tric
t rep
ort-
ing
proc
ess.
Des
ign
and
build
or
purc
hase
and
impl
emen
t new
dist
rict
rep
ortin
g an
d co
ntri
butio
n sy
stem
.
Des
ign
and
build
or
purc
hase
and
impl
emen
t new
mem
ber
data
sys
tem
.
Des
ign
new
Ben
efit
Proc
essi
ng a
nd D
isbu
rsem
ent
Proc
ess.
Des
ign
and
build
or
purc
hase
and
impl
emen
t new
Ben
efit
Proc
essi
ng a
nd D
isbu
rsem
ents
Sys
tem
s.
Initi
ativ
es U
nder
way
to A
ddre
ss th
e Y
ear
2000
Iss
ue.
The
Yea
r 20
00 C
ompl
ianc
e T
eam
has
com
plet
ed a
nas
sess
men
t of
all h
ardw
are
and
soft
war
e th
at m
ay b
eim
pact
ed b
y th
e Y
ear
2000
dat
e pr
oces
sing
pro
blem
and
is w
orki
ng o
n re
med
iatio
n an
d te
stin
g. G
oals
for
the
proj
ect a
re:
Ens
ure
that
all
com
pute
r ap
plic
atio
ns p
rogr
am c
ode
is r
emed
iate
d an
d te
sted
by
Dec
embe
r 31
, 199
8.
Ens
ure
that
all
auto
mat
ed in
terf
aces
to/f
rom
out
side
entit
ies
are
com
plia
nt a
nd te
sted
.
Ens
ure
that
exi
stin
g se
rvic
e le
vels
to o
ur m
embe
rsar
e m
aint
aine
d th
roug
h th
e un
inte
rrup
ted
oper
atio
n of
supp
ortin
g ap
plic
atio
ns.
Ens
ure
that
exi
stin
g in
tern
al o
pera
tiona
l lev
els
are
mai
ntai
ned
thro
ugh
the
unin
terr
upte
d op
erat
ion
ofsu
ppor
ting
appl
icat
ions
.
Miti
gate
the
over
all r
isks
, inc
ludi
ng p
ossi
ble
litig
a-tio
n is
sues
, of
non-
com
plia
nce.
11IM
S T
EA
CH
ER
RE
TIR
EM
EN
T S
YST
EM
OF
TE
XA
S37
u03
8 4
Futu
re I
nitia
tives
to S
tren
gthe
n T
RS
Tec
hnol
ogy
Infr
astr
uctu
re. I
n or
der
for
TR
S to
con
tinue
to f
ulfi
llits
mis
sion
in th
e fa
ce o
f fu
ture
cha
lleng
es, c
erta
inin
itiat
ives
to s
tren
gthe
n th
e ag
ency
's te
chno
logy
infr
a-st
ruct
ure
(inc
ludi
ng it
s ha
rdw
are,
sof
twar
e, a
nd d
ata)
are
esse
ntia
l. T
he m
ost s
igni
fica
nt g
roup
of
thes
e in
itiat
ives
incl
udes
:
Impl
emen
t fau
lt-to
lera
nt s
yste
ms
(par
ticul
arly
in th
ene
twor
k an
d im
agin
g ar
ena)
to e
nsur
e th
e re
liabi
lity
of m
issi
on-c
ritic
al in
form
atio
n sy
stem
s.
Enh
ance
the
imag
ing
syst
em a
nd r
elat
ed te
chno
lo-
gies
.
Mov
e th
e im
agin
g sy
stem
to N
T p
latf
orm
.
Exp
and
trai
ning
for
info
rmat
ion
reso
urce
sta
ff a
nden
d-us
ers
in th
e ar
eas
of te
chni
cal s
kills
, cha
nge
man
agem
ent,
and
proj
ect m
anag
emen
t.
Con
tinue
enh
ance
men
ts to
the
tele
phon
e ce
nter
and
toth
e in
tera
ctiv
e vo
ice-
resp
onse
sys
tem
.
Con
tinue
enh
ance
men
ts to
the
TR
S W
eb s
ite to
enab
le im
prov
ed in
form
atio
n fl
ow b
etw
een
TR
S an
dac
tive
mem
bers
, ret
iree
s, e
mpl
oyer
s an
d th
e pu
blic
.
Exa
min
e op
port
uniti
es to
sim
plif
y re
late
d la
ws,
rule
s, a
nd p
roce
sses
whi
ch d
irec
tly d
rive
res
ourc
ere
quir
emen
ts.
rS T
EA
CH
ER
RE
TIR
EM
EN
T S
YS
TE
M O
F T
EX
AS
38
c5
Bas
ed o
n th
ese
asse
ssm
ents
, it i
s cl
ear
that
the
legi
slat
ure,
the
boar
d of
trus
tees
, and
TR
S m
embe
rsan
d st
aff c
an ta
ke p
ride
in th
e st
reng
th a
nd fa
r-re
achi
ng p
ositi
ve im
pact
of t
he fu
nd.
By
fulfi
lling
its
mis
sion
to p
rovi
de s
ecur
e re
tirem
ent
and
rela
ted
bene
fits
to T
exas
pub
lic e
duca
tion
empl
oyee
s, T
RS
mak
es a
sig
nific
ant c
ontr
ibut
ion
tow
ard
the
stat
e's
visi
on o
f ens
urin
g th
at a
ll T
exas
scho
olch
ildre
n re
ceiv
e an
exc
elle
nt e
duca
tion.
MS
TE
AC
HE
R R
ET
IRE
ME
NT
SY
ST
EM
OF
TE
XA
S39
8 6
TR
S C
ontr
ibut
ions
to T
exas
Prio
rity
Goa
ls
Sta
te G
oal f
or E
duca
tion
-Pub
lic S
choo
ls-H
ighe
r E
duca
tion
Sta
te G
oal f
or H
ealth
and
Hum
an S
ervi
ces
Sta
te G
oal f
or E
cono
mic
Dev
elop
men
t
Sta
te G
oal f
or G
ene
alG
over
nmen
t
TR
S C
ontr
ibut
ion:
TR
S di
rect
ly s
uppo
rts
the
stat
e's
prio
rity
goa
ls f
ored
ucat
ion
by p
rovi
ding
ret
irem
ent a
nd r
elat
ed b
enef
its,
whi
ch s
erve
as
a re
crui
tmen
t and
ret
entio
n in
cent
ive
for
Tex
as p
ublic
edu
cato
rs a
nd s
taff
.
TR
S C
ontr
ibut
ion:
TR
S su
ppor
ts th
e st
ate'
s pr
iori
ty g
oal f
or h
ealth
and
hum
an s
ervi
ces
by p
rovi
ding
inco
me
and
heal
th in
sur-
ance
for
ret
ired
(an
d so
me
activ
e) T
exas
pub
lic e
duca
-tio
n em
ploy
ees
and
thei
r fa
mili
es.
TR
S C
ontr
ibut
ion:
TR
S su
ppor
ts th
e st
ate'
s pr
iori
ty g
oal f
or e
cono
mic
deve
lopm
ent b
y di
stri
butin
g an
nuity
pay
men
ts to
talin
gov
er $
2 bi
llion
to th
e T
exas
eco
nom
y ea
ch y
ear.
TR
S C
ontr
ibut
ion:
TR
S su
ppor
ts th
e st
ate'
s pr
iori
ty g
oal f
or g
ener
al g
ov-
ernm
ent b
y op
erat
ing
effi
cien
tly, a
nd b
y fo
cusi
ng o
n its
core
com
pete
ncie
s.
M T
EA
CH
ER
RE
TIR
EM
EN
T S
YS
TE
M O
F T
EX
AS
40
TR
S C
ore
Com
pete
ncie
s
0
Ben
efit
deliv
ery
-Ret
irem
ent b
enef
its-H
ealth
ben
efits
Inve
stm
ent m
anag
emen
tC
omm
unic
atio
n w
ith s
take
hold
ers
Wor
kfor
ce d
evel
opm
ent
In th
e fo
llow
ing
page
s, T
RS
rev
iew
s its
acc
ompl
ishm
ents
and
com
mitm
ents
for
each
cor
e co
mpe
tenc
y an
d fo
r its
ris
km
anag
emen
t effo
rts
(whi
ch h
ave
an im
pact
on
all a
reas
of
oper
atio
n).
The
se c
omm
itmen
ts id
entif
y th
e fo
cus
of T
RS
's c
ontin
uous
impr
ovem
ent e
ffort
s an
d ar
e th
e ce
nter
of t
he a
genc
y's
stra
tegi
c pl
an.
1MS
TE
AC
HE
R R
ET
IRE
ME
NT
SY
ST
EM
OF
TE
XA
S41
3 0
92
Ret
irem
ent B
enef
itsW
e ar
e de
dica
ted
to p
rofe
ssio
nal,
accu
rate
, tim
ely,
and
cost
-eff
ectiv
e de
liver
y of
ser
vice
s an
d be
nefi
ts to
mem
bers
and
ann
uita
nts.
Acc
ompl
ishm
ents
V T
RS
serv
es a
div
erse
pop
ulat
ion
of a
ppro
xim
atel
y85
0,00
0 ac
tive
and
retir
ed m
embe
rs, w
hich
incl
udes
pers
onne
l em
ploy
ed in
app
roxi
mat
ely
1,20
0 re
port
-in
g en
titie
s th
roug
hout
the
stat
e.
V T
RS
proc
esse
d re
tirem
ent e
lect
ions
for
mor
e th
an9,
500
mem
bers
dur
ing
the
year
and
add
ed a
ppro
xi-
mat
ely
28,5
00 n
ew m
embe
rs to
the
activ
e m
embe
r-sh
ip g
roup
, inc
reas
ing
tota
l pop
ulat
ion
by 4
.2%
.
VT
he 7
5th
Tex
as L
egis
latu
re p
asse
d th
e th
ird
phas
e of
a C
PI c
atch
-up
desi
gned
to r
esto
re p
urch
asin
g po
wer
that
ann
uita
nts
have
lost
to in
flat
ion
sinc
e th
eir
retir
emen
t dat
es. T
he a
d ho
c in
crea
se w
as e
ffec
tive
Sept
embe
r 1,
199
7, a
ffec
ting
mor
e th
an 1
50,0
00m
embe
rs. T
RS
was
abl
e to
fun
d th
is in
crea
se s
olel
yth
roug
h in
vest
men
t inc
ome,
with
no
need
for
add
i-tio
nal s
tate
fun
ds, a
nd p
roce
ssed
all
incr
ease
s in
atim
ely
man
ner.
VT
he 1
995
annu
ity in
crea
se a
llow
ed f
or th
ree
met
hods
of c
alcu
latin
g th
e ad
hoc
am
ount
(1)
a fl
at p
er-
cent
age
esta
blis
hed
for
each
ret
irem
ent y
ear,
(2)
an
assu
mpt
ion
of th
e m
inim
um te
ache
r sa
lary
to b
ein
clud
ed in
the
calc
ulat
ion,
and
(3)
acc
ordi
ng to
1/1
/95
form
ula
base
d on
ret
iree
's a
ctua
l sal
ary
or a
ctua
rial
lyde
term
ined
sal
ary
if a
ctua
l rec
ords
wer
e no
t ava
il-ab
le. T
he r
etir
ee w
as to
rec
eive
the
high
er o
f th
eam
ount
s pr
oduc
ed u
nder
the
thre
e sc
enar
ios.
Ret
ir-
ees
wer
e al
so g
rant
ed th
e op
tion
to r
eque
st th
at th
eir
annu
ity b
e re
calc
ulat
ed b
ased
on
actu
al s
alar
ies.
Upo
n di
scov
erin
g th
at th
e ac
tuar
ial f
acto
r m
entio
ned
in m
etho
d (3
) ab
ove
prod
uced
var
ying
res
ults
, TR
Sel
ecte
d to
ret
riev
e ac
tual
sal
ary
hist
orie
s fo
r ab
out
33,0
00 a
nnui
tant
s w
ho h
ad r
etir
ed b
efor
e 9/
1/81
and
calc
ulat
e th
eir
1995
ad
hoc
incr
ease
aga
in. A
s a
resu
lt, a
ppro
xim
atel
y 17
,000
ann
uitie
s w
ere
adju
sted
agai
n, n
ew m
onth
ly a
mou
nts
beca
me
effe
ctiv
e 3/
1/98
,an
d lu
mp
sum
pay
men
ts w
ere
issu
ed f
or th
e to
tal
unde
rpay
men
t. T
his
rais
ed m
onth
ly a
nnui
ty d
istr
ibu-
tions
by
abou
t $85
0,00
0, a
nd th
e to
tal o
f lu
mp
sum
back
pay
men
ts a
ppro
ache
d $2
5 m
illio
n. T
hese
adju
stm
ents
wer
e fu
nded
thro
ugh
inve
stm
ent i
ncom
e.
A D
efer
red
Ret
irem
ent O
ptio
n Pl
an (
DR
OP)
was
auth
oriz
ed b
y th
e 75
th L
egis
latu
re. D
RO
P pr
ovid
esan
opp
ortu
nity
for
act
ive
TR
S m
embe
rs w
ith a
t lea
st25
yea
rs o
f se
rvic
e to
bui
ld a
lum
p su
m b
enef
it th
at is
dist
ribu
tabl
e up
on r
etir
emen
t in
addi
tion
to th
em
onth
ly a
nnui
ty. T
he o
ptio
n ap
pear
s to
be
a po
pula
ron
e, w
ith a
lmos
t 2,0
00 m
embe
rs e
lect
ing
to p
artic
i-
711=
5 T
EA
CH
ER
RE
TIR
EM
EN
T S
YS
TE
M O
F T
EX
AS
42
93
pate
dur
ing
its f
irst
six
mon
ths
of o
pera
tion.
Ano
ther
2,80
0 el
igib
le m
embe
rs h
ave
rece
ived
info
rmat
ion
abou
tDR
OP
.
VT
hrou
gh it
s to
ll-fr
ee I
nfor
mat
ion
Cen
ter,
TR
S re
-ce
ived
365
,323
cal
ls f
rom
mem
bers
and
ret
iree
s in
fisc
al y
ear
1997
, up
18.9
% f
rom
the
prev
ious
yea
r.A
lthou
gh w
e m
et f
ace-
to-f
ace
in o
ur o
ffic
es w
ith7,
880
mem
bers
, an
incr
ease
of
20.8
% f
rom
199
6, w
eco
unse
led
with
12.
8% f
ewer
mem
bers
dur
ing
visi
tsto
32
fiel
d lo
catio
ns a
cros
s th
e st
ate.
VC
ontin
uing
to d
evel
op a
ltern
ate
tech
nolo
gies
for
com
mun
icat
ing
with
our
indi
vidu
al m
embe
rs, T
RS
intr
oduc
ed a
n in
tera
ctiv
e vo
ice-
resp
onse
sys
tem
calle
d In
foL
ine
with
two
impo
rtan
t fea
ture
s: (
1) a
nau
tom
ated
sys
tem
for
pro
vidi
ng g
ener
al in
form
atio
nan
d (2
) a
pers
onal
iden
tific
atio
n nu
mbe
r sy
stem
so
prop
erly
iden
tifie
d m
embe
rs m
ay a
cces
s sp
ecif
icin
form
atio
n ab
out t
heir
TR
S ac
coun
ts.
VC
omm
unic
atio
n w
ith g
roup
s of
mem
bers
was
rec
ently
enha
nced
by
the
firs
t eve
r vi
deoc
onfe
renc
e co
nduc
ted
amon
g fo
ur c
ampu
ses
of a
sta
te u
nive
rsity
.
V A
rec
ent m
embe
r sa
tisfa
ctio
n su
rvey
indi
cate
s th
atm
embe
rs a
nd r
etir
ees
have
an
over
all p
ositi
ve r
atin
gfo
r th
e sy
stem
's o
pera
tions
and
ser
vice
del
iver
y.
Com
mitm
ents
We
will
:
VU
tiliz
e pe
rfor
man
ce s
tand
ards
and
an
effe
ctiv
epe
rfor
man
ce m
easu
rem
ent p
rogr
am to
enh
ance
the
cons
iste
nt d
eliv
ery
of q
ualit
y se
rvic
e to
our
mem
ber-
ship
.
V U
se te
chno
logy
and
com
mun
icat
ion
tool
s to
enh
ance
our
deliv
ery
syst
em c
apac
ity in
ord
er to
mee
t the
incr
ease
d de
man
ds o
f a
grow
ing
mem
bers
hip.
We
will
impl
emen
t cos
t-ef
fect
ive
tech
nolo
gy to
ols
toed
ucat
e ou
r m
embe
rs a
bout
thei
r re
tirem
ent o
ptio
nsan
d to
incr
ease
thei
r ac
cess
to in
form
atio
n ab
out t
heir
bene
fits
.
VE
xten
d ou
r co
mm
itmen
t to
exce
llenc
e an
d fl
exib
ility
in d
eliv
erin
g re
tirem
ent b
enef
its, a
nd s
triv
e to
con
-tin
uous
ly im
prov
e ou
r se
rvic
e.
VC
ontin
ue to
sur
vey
sim
ilar
bene
fit p
rovi
ders
in b
oth
the
publ
ic a
nd p
riva
te s
ecto
rs to
iden
tify
prac
tices
that
off
er p
oten
tial i
mpr
ovem
ents
for
TR
S.
VC
ontin
ue to
pro
vide
sup
erio
r tr
aini
ng to
our
em
ploy
-ee
s, e
quip
ping
them
to b
ette
r se
rve
our
mem
bers
.
VC
ondu
ct c
usto
mer
ser
vice
sur
veys
to e
nsur
e co
ntin
-ue
d hi
gh q
ualit
y se
rvic
e to
our
mem
bers
.
V I
mpr
ove
perf
orm
ance
rep
ortin
g to
ensu
re th
at s
take
-ho
lder
s ar
e in
form
ed o
f fu
nd o
pera
tions
and
res
ults
.
V A
lloca
te a
ppro
pria
ted
reso
urce
s to
thei
r m
ost p
ro-
duct
ive,
mis
sion
-ori
ente
d us
es.
1113
5 T
EA
CH
ER
RE
TIR
EM
EN
T S
YS
TE
M O
F T
EX
AS
43
45
TR
S-C
are
Hea
lth B
enef
its P
rogr
amW
e ar
e de
dica
ted
to p
rofe
ssio
nal,
accu
rate
, tim
ely,
and
cost
-eff
ectiv
e de
livet
y of
ser
vice
s to
pla
n pa
rtic
ipan
ts.
Acc
ompl
ishm
ents
V T
RS
adm
inis
ters
TR
S-C
are,
whi
ch c
urre
ntly
pro
vide
sm
edic
al a
nd p
harm
acy
bene
fits
for
app
roxi
mat
ely
131,
000
retir
ed p
ublic
sch
ool e
mpl
oyee
s an
d th
eir
depe
nden
ts.
VE
ffec
tive
fund
man
agem
ent a
nd a
dmin
istr
atio
n ha
veex
tend
ed th
e in
itial
fun
ding
allo
catio
n fo
r T
RS-
Car
eal
mos
t six
yea
rs b
eyon
d or
igin
al p
roje
ctio
ns.
V A
s a
resu
lt of
a c
ompr
ehen
sive
stu
dy r
ecom
men
ded
byth
e L
egis
lativ
e A
udit
Com
mitt
ee, T
RS-
Car
e ha
s be
-co
me
self
-ins
ured
and
beg
un s
tren
gthe
ning
man
aged
care
ele
men
ts o
f th
e pr
ogra
m.
V A
men
dmen
ts to
TR
S-C
are
law
per
mitt
ed th
e pl
an to
mai
ntai
n pa
rtic
ipan
t con
trib
utio
ns a
t a c
onst
ant l
evel
for
the
past
thre
e ye
ars,
des
pite
incr
ease
d co
st f
or d
eliv
ery
of h
ealth
car
e se
rvic
es.
V T
RS-
Car
e su
cces
sful
ly n
egot
iate
d se
para
te c
ontr
acts
for
med
ical
cla
ims
adm
inis
trat
ion
and
phar
mac
y be
nefi
tm
anag
emen
t, re
sulti
ng in
sig
nifi
cant
pro
ject
ed s
avin
gsto
the
TR
S-C
are
fund
and
ext
endi
ng it
s pe
riod
of
antic
ipat
ed s
olve
ncy.
VT
RS-
Car
e in
trod
uced
a M
edic
are
HM
O p
ilot p
rogr
amfo
r th
e D
alla
s-Fo
rt W
orth
reg
ion
to b
ecom
e ef
fect
ive
9/1/
98.
V T
RS-
Car
e w
as e
xpan
ded
to o
ffer
a s
epar
ate
plan
of
heal
th c
are
cove
rage
for
act
ive
empl
oyee
s; n
ow c
over
-
ing
thre
e sc
hool
dis
tric
ts th
at e
lect
ed to
par
ticip
ate
onbe
half
of
appr
oxim
atel
y 21
5 em
ploy
ees
plus
thei
rde
pend
ents
.
Com
mitm
ents
We
will
:
VE
ffec
tivel
y ov
erse
e th
e ad
min
istr
atio
n of
the
insu
ranc
efu
nd to
ens
ure
that
qua
lity
bene
fits
are
pro
vide
d at
aco
mpe
titiv
e co
st.
VC
ontin
ue to
com
pare
our
pla
ns w
ith s
imila
r pl
ans,
incl
udin
g an
alys
es o
f co
mpa
rativ
e co
sts
and
prem
ium
s.
VC
ondu
ct c
usto
mer
ser
vice
sur
veys
to e
nsur
e co
ntin
ued
high
qua
lity
serv
ice
to p
lan
part
icip
ants
.
VId
entif
y sp
ecif
ic a
reas
whe
re p
erfo
rman
ce c
an b
eim
prov
ed th
roug
h ch
ange
s in
pla
n de
sign
and
pro
gram
adm
inis
trat
ion.
VD
evel
op a
nd im
plem
ent a
met
hodo
logy
to p
rovi
deco
mpr
ehen
sive
dat
a ab
out h
ealth
car
e pl
ans
offe
red
toac
tive
publ
ic s
choo
l em
ploy
ees
thro
ugh
loca
l sch
ool
dist
rict
s, f
or c
ompa
riso
n to
the
basi
c pl
an p
rovi
ded
stat
eem
ploy
ees.
VIm
prov
e pe
rfor
man
ce r
epor
ting
to e
nsur
e th
at s
take
hold
-er
s ar
e in
form
ed o
f fu
nd o
pera
tions
and
res
ults
.
VC
ontin
ue to
edu
cate
pla
n pa
rtic
ipan
ts in
col
labo
ratio
nw
ith th
e cl
aim
s ad
min
istr
ator
and
pha
rmac
y be
nefi
tm
anag
er to
opt
imiz
e be
nefi
t par
ticip
atio
n.
VC
ontin
ue to
wor
k w
ith th
e le
gisl
atur
e in
the
effo
rt to
reso
lve
fund
ing
requ
irem
ents
of
TR
S-C
are.
111=
5 T
EA
CH
ER
RE
TIR
EM
EN
T S
YS
TE
M O
F T
EX
AS
44
9637
Inve
stm
ents
We
are
dedi
cate
d to
the
prud
ent m
anag
emen
t of
asse
ts h
eld
in tr
ust f
or o
ur m
embe
rs a
nd th
eir
bene
fi-
ciar
ies,
see
king
a lo
ng-t
erm
inve
stm
ent r
etur
n th
atex
ceed
s th
e es
tabl
ishe
d ac
tuar
ial r
ate
of r
etur
n.
Acc
ompl
ishm
ents
V F
or th
e pr
evio
us f
ive-
and
10-
year
per
iods
end
ing
Sept
embe
r 30
, 199
7, th
e to
tal t
ime-
wei
ghte
d re
turn
on T
RS
inve
stm
ents
was
14.
3% a
nd 1
2.8%
, res
pec-
tivel
y. T
his
perf
orm
ance
sub
stan
tially
exc
eeds
our
actu
aria
lly ta
rget
ed r
ate
of r
etur
n of
8%
.
VIn
vest
men
t inc
ome
and
real
ized
mar
ket g
ains
pro
-vi
ded
85.8
% o
f ad
ditio
ns to
net
pla
n as
sets
in f
isca
lye
ar 1
997.
VW
ith a
pru
dent
mix
of
asse
t cla
sses
and
inve
stm
ent
risk
con
trol
s, in
tern
al m
anag
emen
t has
ach
ieve
dou
tsta
ndin
g re
sults
.
VE
stab
lishe
d ne
w e
quity
por
tfol
ios
to m
ore
fully
dive
rsif
y ho
ldin
gs a
cros
s fi
rm c
apita
lizat
ion
rang
es.
V T
RS
impl
emen
ted
the
use
of q
uant
itativ
e so
ftw
are,
new
por
tfol
io a
ccou
ntin
g so
ftw
are,
inte
rnal
loan
serv
icin
g so
ftw
are,
and
add
ition
al r
eal e
stat
e so
ft-
war
e, r
esul
ting
in im
prov
ed a
ccou
ntin
g an
d re
port
ing
func
tions
.
V T
RS
com
plet
ed a
maj
or r
evie
w a
nd m
odif
icat
ion
ofth
e In
vest
men
t Pol
icy.
V T
RS
has
cont
inue
d pr
ogre
ss to
war
d di
spos
ition
of
owne
d re
al e
stat
e, w
hich
was
ori
gina
lly a
cqui
red
due
to d
efau
lted
mor
tgag
es. O
f 24
pro
pert
ies
take
n in
this
man
ner,
all
but f
ive
have
bee
n so
ld.
Com
mitm
ents
We
will
:
VM
aint
ain
a fo
cus
on o
ptim
izin
g pr
uden
t inv
estm
ent
man
agem
ent e
ffec
tiven
ess.
VC
ontin
ue to
ana
lyze
and
adj
ust o
ur a
sset
allo
catio
n to
achi
eve
optim
al r
etur
ns w
ithin
pru
dent
leve
ls o
f ri
sk.
VC
ontin
ue to
sur
vey
reco
gniz
ed le
ader
s in
fun
d m
an-
agem
ent t
o en
sure
our
pra
ctic
es a
re a
mon
g th
e be
st.
VA
ct o
n re
com
men
datio
ns r
esul
ting
from
bie
nnia
lev
alua
tions
of
inve
stm
ent p
ract
ices
and
per
form
ance
.
'M T
EA
CH
ER
RE
TIR
EM
EN
T S
YS
TE
M O
F T
EX
AS
45
9899
Ris
k M
anag
emen
tW
e ar
e de
dica
ted
to e
ffec
tivel
y co
ntro
lling
the
risk
sin
here
nt in
man
agin
g th
e re
sour
ces
of th
e sy
stem
.
Acc
ompl
ishm
ents
V B
egan
a b
enef
it sy
stem
s re
engi
neer
ing
proj
ect
(BeS
T)
whi
ch w
ill s
igni
fica
ntly
impr
ove
TR
S's
abili
ty to
del
iver
ben
efits
.
V C
ompl
eted
con
vers
ion
to n
ew in
vest
men
t acc
ount
ing
syst
em (
PAM
).
VSt
affe
d pr
ojec
t tea
m to
add
ress
all
Yea
r 20
00 is
sues
.
VC
reat
ed a
n in
tern
al c
omm
ittee
and
dev
elop
ed a
com
preh
ensi
ve r
isk
man
agem
ent m
anua
l.
VC
ondu
cted
age
ncyw
ide
trai
ning
on
info
rmat
ion
secu
rity
and
fra
ud a
war
enes
s.
VR
ecei
ved
reco
gniti
on f
rom
the
Stat
e O
ffic
e of
Ris
kM
anag
emen
t, th
e Sa
fety
Silv
er A
war
d, f
or im
prov
e-m
ents
to w
orkp
lace
saf
ety.
Com
mitm
ents
We
will
:
VSt
reng
then
our
com
mitm
ent t
o co
ntin
uous
impr
ove-
men
t thr
ough
boa
rd a
nd e
mpl
oyee
trai
ning
and
met
hod-
impl
emen
tatio
n ef
fort
s.
VC
onsi
sten
tly a
pply
per
form
ance
mea
sure
s an
dbe
nchm
arki
ng te
chni
ques
to e
nsur
e qu
ality
per
for-
man
ce o
f bo
th in
tern
al a
nd e
xter
nal r
esou
rces
.
VC
ontin
ually
eva
luat
e ou
r se
curi
ty p
olic
ies
agen
cyw
ide
to e
nsur
e ad
equa
te p
rote
ctio
ns a
re in
plac
e to
saf
egua
rd o
ut te
chno
logi
cal,
capi
tal,
and
hum
an r
esou
rces
.
VIm
plem
ent n
ew b
enef
it sy
stem
s an
d re
engi
neer
exis
ting
proc
esse
s.
VE
nsur
e Y
ear
2000
com
plia
nce.
100
11=
5 T
EA
CH
ER
RE
TIR
EM
EN
T S
YS
TE
M O
F T
EX
AS
46
1
Com
mun
icat
ion
Eff
ectiv
e co
mm
unic
atio
n is
the
key
to c
onne
ctin
g al
lT
RS
stak
ehol
ders
. We
use
man
y av
enue
s of
com
mu-
nica
tion
to le
arn
from
one
ano
ther
, sha
re k
now
ledg
e,im
prov
e de
cisi
on-m
akin
g, a
nd b
uild
eve
r-st
rong
erco
mm
itmen
t to
achi
evin
g ou
r m
issi
on.
Acc
ompl
ishm
ents
V T
RS
publ
icat
ions
pro
vide
d in
form
atio
n ab
out l
aws
enac
ted
by th
e 75
th L
egis
latu
re, r
etir
emen
t and
insu
ranc
e tr
ends
, and
dat
es o
f th
e sy
stem
's a
ctiv
ities
.
V T
RS
inst
alle
d an
aut
omat
ed v
oice
-res
pons
e sy
stem
to c
ompl
emen
t the
TR
S in
form
atio
n ca
ll ce
nter
and
to b
ette
r se
rve
mem
bers
' ben
efit
proc
essi
ng n
eeds
with
toll-
free
acc
ess.
V H
ours
of
oper
atio
n fo
r th
e in
form
atio
n ca
ll ce
nter
wer
e ex
pand
ed f
or m
embe
r co
nven
ienc
e.
V T
he T
RS
com
preh
ensi
ve a
nnua
l fin
anci
al r
epor
tea
rned
a C
ertif
icat
e of
Ach
ieve
men
t for
Exc
elle
nce
in F
inan
cial
Rep
ortin
g fr
om th
e G
over
nmen
t Fin
ance
Off
icer
s A
ssoc
iatio
n (G
FOA
) ea
ch y
ear
for
the
past
seve
n ye
ars.
V T
RS
cond
ucte
d a
mem
ber
satis
fact
ion
surv
ey to
gaug
e ac
tive
mem
ber
and
retir
ee p
erce
ptio
ns o
f T
RS
serv
ices
.
V A
TR
S W
eb s
ite w
as e
stab
lishe
d to
pro
vide
add
i-tio
nal a
cces
s to
age
ncy
publ
icat
ions
and
gen
eral
info
rmat
ion.
The
site
als
o pr
ovid
es a
ssis
tanc
e to
dist
rict
rep
ortin
g of
fici
als
in c
ompl
etin
g an
d fi
ling
vari
ous
repo
rts.
Com
mitm
ents
We
will
:
V V
Stri
ve to
impr
ove
rela
tions
and
com
mun
icat
ion
with
our
inte
rnal
and
ext
erna
l sta
keho
lder
s.
Ass
ess
and
adju
st o
ur c
omm
unic
atio
n ef
fort
s to
ensu
re th
ey a
ntic
ipat
e an
d ad
dres
s st
akeh
olde
rin
form
atio
n ne
eds.
Posi
tion
ours
elve
s to
col
labo
rate
with
sta
te le
ader
-sh
ip in
ful
filli
ng o
ur m
issi
on b
y pr
ovid
ing
prom
pt,
accu
rate
info
rmat
ion
need
ed f
or s
ucce
ssfu
l pla
nnin
gan
d de
cisi
on-m
akin
g.
Form
eff
ectiv
e pa
rtne
rshi
ps w
ith o
ther
sta
te a
genc
ies
in o
rder
to b
ette
r se
rve
our
resp
ectiv
e co
nstit
uenc
ies.
111=
5 T
EA
CH
ER
RE
TIR
EM
EN
T S
YS
TE
M O
F T
EX
AS
47
103
Em
ploy
ees
We
supp
ort t
he e
mpl
oyee
s of
TR
S as
they
wor
k to
achi
eve
thei
r hi
ghes
t pot
entia
l. W
e re
cogn
ize
that
TR
S ac
hiev
es it
s m
issi
on th
roug
h th
eir
indi
vidu
alsu
cces
s.
Acc
ompl
ishm
ents
V T
RS
has
initi
ated
a n
umbe
r of
eff
orts
des
igne
d to
enha
nce
inte
rnal
com
mun
icat
ion
and
enco
urag
e th
eop
en e
xcha
nge
of in
form
atio
n, in
clud
ing:
Info
rmal
mee
tings
of
the
exec
utiv
e di
rect
or w
ithsm
all g
roup
s of
em
ploy
ees.
A b
imon
thly
em
ploy
ee n
ewsl
ette
r, T
he T
RS
Cha
lkbo
ard
A r
evis
ed e
mpl
oyee
han
dboo
k w
ith a
n ea
sy-t
o-us
e fo
rmat
.
V T
RS
part
icip
ated
in th
e Su
rvey
of
Org
aniz
atio
nal
Exc
elle
nce
in 1
996
and
1998
to g
athe
r em
ploy
ees'
pers
pect
ives
on
man
y is
sues
impa
ctin
g th
e su
cces
s of
TR
S as
a p
rovi
der
of r
etir
emen
t ben
efits
and
as
anem
ploy
er. C
hang
es w
ere
impl
emen
ted
in r
espo
nse
toth
e 19
96 s
urve
y, a
nd 1
998
resu
lts in
dica
te th
atem
ploy
ees
perc
eive
impr
ovem
ent i
n al
l maj
or s
urve
yel
emen
ts.
V T
RS
uses
a su
cces
sful
rec
ogni
tion
proc
ess
to r
ewar
dan
d en
cour
age
outs
tand
ing
cont
ribu
tions
by
empl
oy-
ees.
In
addi
tion,
TR
S up
date
d its
pro
gram
rec
ogni
z-in
g em
ploy
ees'
leng
th o
f se
rvic
e to
the
agen
cy.
V
The
se a
re s
ome
of th
e m
etho
ds T
RS
uses
to e
xpre
ssap
prec
iatio
n of
em
ploy
ees'
eff
orts
and
ded
icat
ion.
TR
S im
plem
ente
d an
em
ploy
ee a
ssis
tanc
e pr
ogra
m in
late
199
6 to
sup
port
em
ploy
ees
in m
anag
ing
prob
-le
ms
that
aff
ect t
heir
wor
k pe
rfor
man
ce.
Com
mitm
ents
We
will
:
iJ V V V
Con
tinue
to p
rovi
de tr
aini
ng r
elat
ed to
a p
ositi
vew
ork
envi
ronm
ent,
incl
udin
g E
EO
pra
ctic
es, e
thic
san
d se
xual
har
assm
ent p
reve
ntio
n.
Part
icip
ate
in th
e st
ate'
s in
itiat
ive
to d
evel
op a
nef
fect
ive
com
pens
atio
n pr
ogra
m in
ord
er to
ret
ain
and
mot
ivat
e a
qual
ifie
d w
orkf
orce
.
Con
tinue
to tr
ain
our
empl
oyee
s in
cha
ngin
g te
chno
lo-
gies
, lea
ders
hip,
team
bui
ldin
g, p
erso
nal a
ccou
ntab
il-ity
, and
con
tinuo
us im
prov
emen
t pro
cess
es.
Rev
iew
and
rev
ise
the
agen
cy's
Aff
irm
ativ
e A
ctio
nPl
an.
Hol
d em
ploy
ees
acco
unta
ble
for
thei
r ac
tions
and
for
the
resu
lts n
eede
d to
ach
ieve
our
mis
sion
.
TIIM
S T
EA
CH
ER
RE
TIR
EM
EN
T S
YS
TE
M O
F T
EX
AS
48
104
TR
S S
trat
egic
Goa
ls
TIM
S T
EA
CH
ER
RE
TIR
EM
EN
T S
YS
TE
M O
F T
EX
AS
49
GO
AL:
OB
JEC
TIV
E:
Out
com
eM
easu
res:
TR
S S
trat
egic
Goa
ls*
To
adm
inis
ter
the
syst
em a
s an
em
ploy
ee b
enef
it tr
ust
To
man
age
an a
ctua
rial
ly s
ound
ret
irem
ent s
yste
m th
at m
aint
ains
an
amor
tizat
ion
peri
od o
f le
ssth
an 3
0 ye
ars
and
gene
rate
s a
five
-yea
r av
erag
e in
vest
men
t ret
urn
of a
t lea
st 8
% e
ach
year
of
the
five
-yea
r pl
anni
ng p
erio
d
Perc
ent o
f T
RS
retir
ees
ratin
g T
RS
mem
ber
serv
ices
as
satis
fact
ory
or b
ette
r
Num
ber
ofye
ars
to a
mor
tize
the
unfu
nded
actu
aria
l acc
rued
liab
ility
Five
-yea
r av
erag
e tim
e-w
eigh
ted
rate
of
retu
rn
TR
S an
nual
ope
ratin
g ex
pens
e pe
r ac
tive
and
retir
ed m
embe
r
Str
ateg
y:M
aint
ain
an a
ctua
rial
ly s
ound
ret
irem
ent s
yste
m w
ith a
fun
ding
per
iod
unde
r30
.9 y
ears
Exp
lana
tory
/Inp
utM
easu
res:
Ave
rage
ann
ual T
RS
annu
ity
Num
ber
of T
RS
annu
itant
s
Num
ber
of T
RS
activ
e m
embe
rs
Str
ateg
y:Pr
ovid
e se
rvic
es to
mem
bers
, man
age
inve
stm
ents
, and
adm
inis
ter
TR
S re
tire-
men
t fun
d
Out
put M
easu
res:
Eff
icie
ncy
Mea
sure
:
Num
ber
of T
RS
bene
fit a
pplic
atio
ns p
roce
ssed
Num
ber
of m
embe
r ac
coun
ts s
ervi
ced
*Per
cent
of
TR
S re
tiree
s w
ho r
ecei
ve th
eir
firs
tan
nuity
with
in 3
1 da
ys o
f th
eir
effe
ctiv
e re
tirem
ent
date
.
* N
ote:
Inc
lude
s re
visi
ons
subm
itted
and
pre
limin
arily
app
rove
d. N
otif
icat
ion
of f
inal
app
rova
l by
the
Gov
erno
r's O
ffic
e of
Bud
get a
nd P
lann
ing
and
the
Leg
isla
tive
Bud
get B
oard
is e
xpec
ted
June
, 199
8.
M T
EA
CH
ER
RE
TIR
EM
EN
T S
YS
TE
M O
F T
EX
AS
50
108
109
Str
ateg
y:Pr
ovid
e an
Opt
iona
l Ret
irem
ent P
rogr
am f
or f
acul
ty a
nd c
erta
in a
dmin
istr
ativ
est
aff
at p
ublic
inst
itutio
ns o
f hi
gher
edu
catio
n
Exp
lana
tory
/Inp
utN
umbe
r of
OR
P V
endo
rsM
easu
res:
Num
ber
of O
RP
part
icip
ants
OB
JEC
TIV
E:
To
prov
ide
a fi
nanc
ially
sol
vent
gro
up in
sura
nce
prog
ram
for
pub
lic s
choo
l em
ploy
ees
and
retir
-ee
s w
ith th
e re
sult
that
the
grou
p in
sura
nce
fund
has
a p
ositi
ve b
alan
ce a
nd th
at th
e an
nual
cos
tin
crea
ses
for
retir
ees
are
reas
onab
le e
ach
year
of
the
five
-yea
r pl
anni
ng p
erio
d
Out
com
ePe
rcen
t of
TR
S-C
are
part
icip
ants
rat
ing
TR
S-C
are
serv
ices
as
satis
fact
ory
or b
ette
r
Mea
sure
s:A
nnua
l per
cent
cha
nge
in m
onth
ly r
etir
ee c
ontr
ibut
ions
for
opt
iona
l TR
S-C
are
cove
rage
Yea
r-en
d T
RS-
Car
e fu
nd b
alan
ce
Str
ateg
y:Pr
ovid
e gr
oup
insu
ranc
e be
nefi
ts to
pub
lic s
choo
l em
ploy
ees
and
retir
ees
bym
onito
ring
the
perf
orm
ance
of
cont
ract
ed b
enef
it pr
ovid
ers,
com
mun
icat
ing
insu
ranc
e pl
an f
eatu
res
to a
ctiv
e an
d re
tired
pub
lic s
choo
l em
ploy
ees,
and
reso
lvin
g be
nefi
t dis
pute
s
Out
put M
easu
res:
Net
wor
k ph
ysic
ian
offi
ce v
isits
as
a pe
rcen
t of
tota
lph
ysic
ian
offi
ce v
isits
Dol
lar
amou
nt o
f ut
iliza
tion
revi
ew s
avin
gs*D
olla
r am
ount
of
part
icip
atin
g ne
twor
k sa
ving
s
TIM
S T
EA
CH
ER
RE
TIR
EM
EN
T S
YS
TE
M O
F T
EX
AS
51
niL
Eff
icie
ncy
Mea
sure
:Pe
rcen
t of
clai
ms
adju
dica
ted
with
in 1
4 da
ys o
fre
ceip
t
Exp
lana
tory
/Inp
utN
umbe
r of
TR
S m
embe
rs p
artic
ipat
ing
in T
RS-
Car
eM
easu
res:
*Num
ber
of to
tal p
artic
ipan
ts in
TR
S-C
are
GO
AL:
TR
S w
ill e
stab
lish
and
carr
y ou
t pol
icie
s go
vern
ing
purc
hasi
ng c
ontr
acts
that
fos
ter
mea
ning
fiil
and
subs
tant
ive
incl
usio
n of
his
tori
cally
und
erut
ilize
d bu
sine
sses
OB
JEC
TIV
E:
To
incl
ude
hist
oric
ally
und
erut
ilize
d bu
sine
sses
(H
UB
s) in
at l
east
20
perc
ent o
f th
e to
tal v
alue
of
cont
ract
s an
d su
bcon
trac
ts a
war
ded
annu
ally
by
the
agen
cy in
pur
chas
ing
cont
ract
s by
fis
cal y
ear
1999
Out
com
eM
easu
res:
Per
cent
of to
tal d
olla
r va
lue
of p
urch
asin
g co
ntra
cts
and
subc
ontr
acts
aw
arde
d to
HU
Bs
Str
ateg
y:D
evel
op a
nd im
plem
ent a
pla
n fo
r in
crea
sing
the
use
of h
isto
rica
llyun
deru
tiliz
ed b
usin
esse
s th
roug
h pu
rcha
sing
con
trac
ts a
nd s
ubco
ntra
cts
Out
put M
easu
res:
Num
ber
of H
UB
con
trac
tors
and
sub
cont
ract
ors
cont
acte
d fo
r bi
d pr
opos
als
Num
ber
of H
UB
con
trac
ts a
nd s
ubco
ntra
cts
awar
ded
*Dol
lar
valu
e of
HU
B c
ontr
acts
and
sub
cont
ract
saw
arde
d
1 2
ni=
sT
EA
CH
ER
RE
TIR
EM
EN
T S
YST
EM
OF
TE
XA
S52
4
Ap
enic
es
MS
TE
AC
HE
R R
ET
IRE
ME
NT
SY
ST
EM
OF
TE
XA
S53
Str
ateg
ic P
lann
ing
Ste
erin
g C
omm
ittee
Cha
rles
Dun
lap,
Exe
cutiv
e D
irec
tor
Ron
nie
Jung
, Chi
ef F
inan
cial
Off
icer
Lau
rie
Dot
ter,
Dir
ecto
r of
Rea
l Est
ate
Nor
ma
E. K
oont
z, C
hief
Ben
efit
Off
icer
Mar
ty W
alke
r, C
hief
Inv
estm
ent O
ffic
erB
ill B
aker
, Gen
eral
Cou
nsel
Shar
i Coo
per,
Dir
ecto
r of
Hum
an R
esou
rces
Patti
e Fe
athe
rsto
n, D
irec
tor
of G
over
nmen
tal R
elat
ions
Way
ne F
icke
l, C
ontr
olle
rH
owar
d G
oldm
an, D
irec
tor
of I
nfor
mat
ion
Serv
ices
Lin
da H
enry
, Dir
ecto
r of
Int
erna
l Aud
it
TR
S S
trat
egic
Pla
nnin
g P
roce
ss
A c
ompr
ehen
sive
pro
cess
of
solic
iting
em
ploy
ee in
put w
as f
ollo
wed
dur
ing
deve
lopm
ent o
f th
e 19
97-2
001
plan
,A
New
Beg
inni
ng. I
nput
acq
uire
d at
that
tim
e ha
s co
ntin
ued
to s
erve
as
a va
luab
le f
ound
atio
n fo
r th
e 19
99-2
003
plan
, Im
prov
ing
Serv
ice
Into
the
2151
Cen
tury
.
In p
repa
ratio
n fo
r th
e 19
99-2
003
stra
tegi
c pl
an, d
iscu
ssio
ns w
ere
held
at b
oth
TR
S E
xecu
tive
Cou
ncil
and
Man
-ag
emen
t Tea
m m
eetin
gs r
egar
ding
dev
elop
men
t of
the
new
pla
n an
d T
RS'
s de
sire
and
pla
n to
inco
rpor
ate
em-
ploy
ee s
ugge
stio
ns.
A r
enew
ed e
ffor
t was
laun
ched
at t
he d
epar
tmen
tal l
evel
to c
onve
y ag
ency
goa
ls f
or d
evel
opin
g an
upd
ated
stra
tegi
c pl
an. A
ll em
ploy
ees
wer
e en
cour
aged
to p
rovi
de b
oth
upda
ted
info
rmat
ion
as w
ell a
s ne
w id
eas
for
incl
usio
n in
the
plan
.
As
staf
f re
visi
ons
tran
sfor
med
the
earl
y fo
unda
tion
into
the
new
str
ateg
ic p
lan,
dra
fts
wer
e re
view
ed a
nd e
dite
dex
tens
ivel
y no
t onl
y by
man
agem
ent a
nd th
e St
rate
gic
Plan
ning
Ste
erin
g C
omm
ittee
but
als
o by
the
tech
nica
l sta
ffin
volv
ed in
eac
h ar
ea.
Info
rmat
ion
lear
ned
from
the
mos
t rec
ent S
urve
y on
Org
aniz
atio
nal E
xcel
lenc
e (e
mpl
oyee
sur
vey)
was
util
ized
inde
velo
pmen
t and
inco
rpor
ated
in th
e ne
w p
lan.
Feed
back
fro
m a
ctiv
e an
d re
tired
mem
bers
(19
97 M
embe
r Sa
tisfa
ctio
n Su
rvey
) w
as a
lso
inco
rpor
ated
dur
ing
the
plan
ning
pro
cess
.
Acc
ompl
ishm
ents
, esp
ecia
lly th
ose
atta
ined
sin
ce th
e su
bmis
sion
of
the
last
str
ateg
ic p
lan,
as
wel
l as
new
com
-m
itmen
ts h
ave
been
hig
hlig
hted
in th
e ne
w p
lan
spec
ific
ally
with
reg
ard
to th
e T
RS
core
com
pete
ncie
s.
111=
5 T
EA
CH
ER
RE
TIR
EM
EN
T S
YS
TE
M O
F T
EX
AS
55
iiI
Pro
ject
ions
of O
utco
mes
for
Fiv
e-Y
ear
Pla
nnin
g H
oriz
on
Pro
ject
ions
Out
com
e M
easu
res:
1999
2000
2001
2002
2003
Perc
ent o
f T
RS
retir
ees
ratin
gT
RS
mem
ber
serv
ices
as
satis
fact
ory
or b
ette
r90
%90
%90
%90
%90
%
Num
ber
of y
ears
to a
mor
tize
the
unfu
nded
act
uari
al a
ccru
ed li
abili
ty<
31 y
ears
<31
yea
rs<
31 y
ears
<31
yea
rs<
31 y
ears
Five
-yea
r av
erag
e tim
e-w
eigh
ted
rate
of
retu
rn8%
8%8%
8%8%
TR
S an
nual
ope
ratin
g ex
pens
e pe
rac
tive
and
retir
ed m
embe
r$2
7$3
5$3
5$3
5$3
5
Out
put M
easu
res:
1999
2000
2001
2002
2003
Num
ber
of T
RS
bene
fit a
pplic
atio
ns
proc
esse
d56
,000
57,0
0058
,000
59,0
0060
,000
Num
ber
of m
embe
r ac
coun
tsse
rvic
ed8,
792,
000
9,10
9,00
09,
419,
000
9,72
0,00
010
,012
,000
Effi
cien
cy M
easu
re:
1999
2000
2001
2002
2003
Perc
ent o
f T
RS
retir
ees
rece
ivin
g th
eir
firs
t ann
uity
with
in
31 d
ays
90%
90%
90%
95%
95%
1IS
711=
5 T
EA
CH
ER
RE
TIR
EM
EN
T S
YS
TE
M O
F T
EX
AS
56
119
Pro
ject
ions
of O
utco
mes
for
Fiv
e-Y
ear
Pla
nnin
g H
oriz
on
Pro
ject
ions
Out
com
e M
easu
res:
1999
2000
2001
2002
2003
Perc
ent o
f T
RS-
Car
e pa
rtic
ipan
tsra
ting
TR
S-C
are
serv
ices
as
satis
fact
ory
or b
ette
r
Ann
ual p
erce
nt c
hang
e in
mon
thly
retir
ee c
ontr
ibut
ions
for
opt
iona
lT
RS-
Car
e co
vera
ge
Yea
r-en
d T
RS-
Car
e fu
nd b
alan
ce
90%
0%
$125
.7 m
illio
n
90%
5-10
%
$47
mill
ion
90%
0% 0
90%
5-10
%
0
90%
0% 0
Out
put M
easu
res:
1999
2000
2001
2002
2003
Net
wor
k ph
ysic
ian
offi
ce v
isits
as
a pe
rcen
t of
tota
l phy
sici
anof
fice
vis
its
Dol
lar
amou
nt o
f ut
iliza
tion
revi
ew s
avin
gs
Dol
lar
amou
nt o
f pa
rtic
ipat
ing
netw
ork
savi
ngs
65%
$4 m
illio
n
$13.
5 m
illio
n
65%
$3.7
mill
ion
$14
mill
ion
65%
$3.4
mill
ion
$14.
6 m
illio
n
65%
$3.1
mill
ion
$15.
2 m
illio
n
65%
$2.8
mill
ion
$15.
8 m
illio
n
Effi
cien
cy M
easu
re:
1999
2000
2001
2002
2003
Perc
ent o
f cl
aim
s ad
judi
cate
d w
ithin
14 d
ays
of r
ecei
pt90
%90
%90
%90
%90
%
MS
TE
AC
HE
R R
ET
IRE
ME
NT
SY
ST
EM
OF
TE
XA
S
Per
form
ance
Mea
sure
Def
initi
ons*
GO
AL
:T
o ad
min
iste
r th
e sy
stem
as
an e
mpl
oyee
ben
efit
trus
t.
A.1
Obj
ectiv
e:T
o m
anag
e an
act
uari
ally
sou
nd r
etir
emen
t sys
tem
that
mai
ntai
ns a
n am
ortiz
atio
n pe
riod
of
less
than
30
year
s an
d ge
nera
tes
a fi
ve-y
ear
aver
age
inve
stm
ent r
etur
n of
at l
east
8 p
erce
ntea
ch y
ear
of th
e fi
ve-y
ear
plan
ning
per
iod.
Out
com
e M
easu
res:
1.1
Stat
emen
t: Pe
rcen
t of
TR
S R
etir
ees
Rat
ing
TR
S M
embe
r Se
rvic
es a
s Sa
tisfa
ctor
y or
Bet
ter
Def
initi
on: T
his
mea
sure
is in
tend
ed to
sho
w th
e le
vel o
f sa
tisfa
ctio
n w
ith r
etir
emen
tsy
stem
ser
vice
s pr
ovid
ed b
y T
RS
to r
etir
ees.
Thi
s is
impo
rtan
t in
dete
rmin
ing
the
qual
ityof
ser
vice
to r
etir
ees.
Inf
orm
atio
n fo
r th
is m
easu
re is
gat
here
d fr
om s
atis
fact
ion
surv
eys
mai
led
to a
sta
tistic
al s
ampl
e of
ret
iree
s an
d re
sults
are
bas
ed o
n re
spon
ses
to th
ese
sur-
veys
. TR
S ca
nnot
con
trol
the
num
ber
of r
espo
nses
to th
ese
surv
eys.
Non
cum
ulat
ive.
1.2
Stat
emen
t: N
umbe
r of
Yea
rs to
Am
ortiz
e th
e U
nfun
ded
Act
uari
al A
ccru
ed L
iabi
lity
Def
initi
on: T
his
mea
sure
is in
tend
ed to
sho
w h
ow m
any
year
s ar
e re
quir
ed to
fun
d th
eun
fund
ed a
ctua
rial
liab
ility
of
the
syst
em. T
his
is im
port
ant b
ecau
se th
ere
are
limita
tions
plac
ed o
n th
e le
ngth
of
time
over
whi
ch th
e U
AA
L c
an b
e fu
nded
by
both
the
Gov
ernm
enta
lA
ccou
ntin
g St
anda
rds
Boa
rd a
nd th
e St
ate
Leg
isla
ture
. Inf
orm
atio
n is
col
lect
ed f
rom
TR
Sac
tive
and
retir
ee m
embe
r re
cord
s an
d fo
rwar
ded
to o
ur c
onsu
lting
act
uary
who
per
form
san
ana
lysi
s of
the
data
and
sub
ject
s it
to v
ario
us a
ctua
rial
ass
umpt
ions
, cal
cula
tes
actu
aria
llia
bilit
y, a
nd d
eter
min
es th
e pe
riod
req
uire
d to
am
ortiz
e th
e lia
bilit
y ba
sed
on c
erta
inac
tuar
ial a
ssum
ptio
ns. N
oncu
mul
ativ
e.
* N
ote:
Inc
lude
s re
visi
ons
subm
itted
and
pre
limin
arily
app
rove
d. N
otif
icat
ion
of f
inal
app
rova
l by
the
Gov
erno
r's O
ffic
e of
Bud
get a
nd P
lann
ing
and
the
Leg
isla
tive
Bud
get B
oard
is e
xpec
ted
June
, 199
8.
122
sT
EA
CH
ER
RE
TIR
EM
EN
T S
YS
TE
M O
F T
EX
AS
58
123
1.3
Stat
emen
t: Fi
ve-Y
ear
Ave
rage
Tim
e-W
eigh
ted
Rat
e of
Ret
urn
Def
initi
on: T
his
mea
sure
is in
tend
ed to
sho
w in
vest
men
t ret
urns
cal
cula
ted
on a
tim
e-w
eigh
ted
basi
s fo
r al
l ass
ets
and
refl
ects
inco
me
and
real
ized
/unr
ealiz
ed p
rice
cha
nges
.In
vest
men
t rat
e of
ret
urn
is a
n im
port
ant f
acto
r in
det
erm
inin
g th
e ab
ility
of
the
fund
to m
eet
its f
undi
ng o
blig
atio
ns. R
epor
ted
retu
rns
are
calc
ulat
ed b
y an
inde
pend
ent c
onsu
lting
fir
mba
sed
on d
ata
prov
ided
to th
em f
rom
TR
S ac
coun
ting
reco
rds.
Non
cum
ulat
ive.
1.4
Stat
emen
t: T
RS
Ann
ual O
pera
ting
Exp
ense
s pe
r A
ctiv
e an
d R
etir
ed M
embe
rD
efin
ition
: Thi
s m
easu
re is
inte
nded
to s
how
the
annu
al p
er m
embe
r (a
ctiv
e an
d re
tired
)co
st to
ope
rate
the
retir
emen
t sys
tem
. Thi
s ca
lcul
atio
n pr
ovid
es a
met
hod
to c
ompa
reop
erat
ing
effi
cien
cies
fro
m y
ear-
to-y
ear.
The
mea
sure
is c
alcu
late
d by
div
idin
g T
RS
(GA
AP
basi
s) o
pera
ting
expe
nses
, as
dete
rmin
ed f
or th
e an
nual
fin
anci
al r
epor
t, by
the
tota
l num
ber
of a
ctiv
e m
embe
rs f
rom
pro
gram
SS7
090
and
annu
itant
s fr
om p
rogr
amA
P327
0 as
of
Aug
ust 3
1. T
he n
umbe
rs r
equi
red
to c
alcu
late
the
fina
l cos
t per
mem
ber
are
not a
vaila
ble
in ti
me
to m
eet t
he d
eadl
ine
for
subm
ittin
g th
is m
easu
re s
o pr
elim
inar
ynu
mbe
rs m
ust b
e us
ed. F
inal
dat
a w
ill b
e pr
ovid
ed w
hen
avai
labl
e. N
oncu
mul
ativ
e.
Stra
tegy
:M
aint
ain
an a
ctua
rial
ly s
ound
ret
irem
ent s
yste
m w
ith a
fun
ding
per
iod
unde
r 30
.9 y
ears
.E
stim
ated
.
Exp
lana
tory
or
Inpu
t Mea
sure
s:
Stat
emen
t:A
vera
ge A
nnua
l TR
S A
nnui
tyD
efin
ition
:T
his
mea
sure
is in
tend
ed to
pro
vide
a y
ear-
to-y
ear
com
pari
son
of th
e av
erag
e T
RS
annu
ity. U
sing
dat
a fr
om T
RS
info
rmat
ion
syst
ems,
the
aver
age
dolla
r am
ount
of
stan
-da
rd r
etir
emen
t ann
uitie
s fo
r se
rvic
e re
tiree
s w
ith 2
0 or
mor
e ye
ars
of s
ervi
ce c
redi
t is
calc
ulat
ed f
or e
ach
year
. Non
cum
ulat
ive.
Stat
emen
t:N
umbe
r of
TR
S A
nnui
tant
sD
efin
ition
:T
his
mea
sure
is in
tend
ed to
pro
vide
a y
ear-
to-y
ear
com
pari
son
of a
nnui
tant
s to
refl
ect g
row
th. T
his
coun
t is
take
n fr
om T
RS
info
rmat
ion
syst
ems
AP3
270
for
the
MS
TE
AC
HE
R R
ET
IRE
ME
NT
SY
ST
EM
OF
TE
XA
S59
1' 0
-IL
Stat
emen
t:D
efin
ition
:
Stra
tegy
:
Aug
ust 3
1 an
nuity
pay
roll.
Per
sons
rec
eivi
ng p
aym
ents
fro
m m
ore
than
one
acc
ount
will
be
coun
ted
as o
ne. N
oncu
mul
ativ
e.
Num
ber
of T
RS
Act
ive
Mem
bers
Thi
s m
easu
re is
inte
nded
to p
rovi
de a
yea
r-to
-yea
r co
mpa
riso
n of
act
ive
TR
Sm
embe
rs a
t the
end
of
the
repo
rtin
g pe
riod
. Mem
ber
coun
t is
take
n fr
om T
able
2 o
fth
e an
nual
act
uari
al v
alua
tion
repo
rt a
nd in
clud
es to
tal a
ctiv
e m
embe
rs a
nd in
activ
em
embe
rs w
ith a
def
erre
d be
nefi
t. N
oncu
mul
ativ
e.
Prov
ide
Out
put M
easu
res:
Stat
emen
t:D
efin
ition
:
Stat
emen
t:D
efin
ition
:
Eff
icie
ncy
Mea
sure
:
Stat
emen
t:
Def
initi
on:
serv
ices
to m
embe
rs, m
anag
e in
vest
men
ts, a
nd a
dmin
iste
r T
RS
retir
emen
t fun
d.
Num
ber
of T
RS
Ben
efit
App
licat
ions
Pro
cess
edT
his
mea
sure
is in
tend
ed to
pro
vide
a y
ear-
to-y
ear
com
pari
son
of b
enef
it cl
aim
appl
icat
ions
pro
cess
ed b
y T
RS.
Inf
orm
atio
n is
col
lect
ed f
rom
TR
S co
mpu
ter
appl
icat
ions
, RF3
020
and
DC
3100
, whi
ch r
efle
ct m
onth
ly b
enef
it ap
plic
atio
npr
oces
sing
fig
ures
.
Num
ber
of M
embe
r A
ccou
nts
Serv
iced
Thi
s m
easu
re is
inte
nded
to s
how
the
tran
sact
ion
activ
ity f
or th
e nu
mbe
r of
mem
-be
r de
posi
ts a
pplie
d to
indi
vidu
al m
embe
r ac
coun
ts e
ach
year
. Tra
nsac
tion
num
-be
rs a
re a
ccum
ulat
ed f
rom
dai
ly c
lear
ance
rep
orts
(pr
ogra
m n
umbe
r M
R 1
110)
and
com
pile
d in
to a
mon
thly
Rec
eipt
and
Pro
cess
ing
Ana
lysi
s R
epor
t. N
oncu
mul
ativ
e.
Perc
ent o
f T
RS
Ret
iree
s W
ho R
ecei
ve T
heir
Fir
st A
nnui
ty w
ithin
31
Day
s of
The
irE
ffec
tive
Ret
irem
ent D
ate
Usi
ng d
ata
from
TR
S in
form
atio
n sy
stem
s, a
ll ap
plic
able
tran
sact
ions
will
be
sear
ched
to d
eter
min
e th
e pe
rcen
tage
that
com
ply
with
per
form
ance
targ
ets.
Non
-cu
mul
ativ
e.
_126
111M
S T
EA
CH
ER
RE
TIR
EM
EN
T S
YS
TE
M O
F T
EX
AS
60
Stra
tegy
:Pr
ovid
e an
Opt
iona
l Ret
irem
ent P
rogr
am f
or f
acul
ty a
nd c
erta
in a
dmin
istr
ativ
e st
aff
atpu
blic
inst
itutio
ns,o
f hi
gher
edu
catio
n. E
stim
ated
.
Exp
lana
tory
or
Inpu
t Mea
sure
s:
Stat
emen
t:N
umbe
r of
OR
P V
endo
rsSt
atem
ent:
Num
ber
of O
RP
Part
icip
ants
Def
initi
on:
TR
S ha
s no
sta
tuto
ry r
espo
nsib
ility
with
res
pect
to m
anag
ing
the
optio
nal r
etir
e-m
ent p
rogr
am.
A.2
Obj
ectiv
e:T
o pr
ovid
e a
fina
ncia
lly s
olve
nt g
roup
insu
ranc
e pr
ogra
m f
or p
ublic
sch
ool e
mpl
oyee
s an
dre
tiree
s w
ith th
e re
sult
that
the
grou
p in
sura
nce
fund
has
a p
ositi
ve b
alan
ce a
nd th
at th
ean
nual
cos
t inc
reas
es f
or r
etir
ees
are
reas
onab
le e
ach
year
of
the
five
-yea
r pl
anni
ng p
e-ri
od.
Out
com
e M
easu
res:
2.1
Stat
emen
t:Pe
rcen
t of
TR
S-C
are
Part
icip
ants
Rat
ing
TR
S-C
are
Serv
ices
as
Satis
fact
ory
orB
ette
rD
efin
ition
:T
his
mea
sure
is in
tend
ed to
indi
cate
the
leve
l of
satis
fact
ion
with
TR
S-C
are
ser-
vice
s am
ong
part
icip
ants
. Thi
s m
easu
re is
cal
cula
ted
from
rat
ings
giv
en b
y m
em-
bers
res
pond
ing
to a
sat
isfa
ctio
n su
rvey
. Non
cum
ulat
ive.
2.2
Stat
emen
t:A
nnua
l Per
cent
Cha
nge
in M
onth
ly R
etir
ee C
ontr
ibut
ions
for
Opt
iona
l TR
S-C
are
Cov
erag
eD
efin
ition
:T
his
mea
sure
is in
tend
ed to
ref
lect
the
rate
of
chan
ge f
rom
yea
r-to
-yea
r in
the
cont
ribu
tions
by
plan
par
ticip
ants
for
opt
iona
l cov
erag
e. T
he m
easu
re is
cal
cula
ted
base
d on
cha
nges
fro
m th
e pr
ior
year
to th
e cu
rren
t yea
r. N
oncu
mul
ativ
e.
71M
5 T
EA
CH
ER
RE
TIR
EM
EN
T S
YS
TE
M O
F T
EX
AS
61
2.3
Stat
emen
t:Y
ear-
End
TR
S-C
are
Fund
Bal
ance
(in
Mill
ions
)D
efin
ition
:T
his
mea
sure
is in
tend
ed to
sho
w th
e ye
ar-e
nd b
alan
ce o
f fu
nds
avai
labl
e in
the
retir
ee h
ealth
ben
efits
pro
gram
fun
d th
us a
llow
ing
a ye
ar-t
o-ye
ar c
ompa
riso
n of
incr
ease
or
decr
ease
in f
unds
. Thi
s ba
lanc
e is
take
n fr
om th
e an
nual
fin
anci
alst
atem
ents
for
the
Publ
ic S
choo
l Em
ploy
ees
Gro
up I
nsur
ance
Fun
d-R
etir
ed. N
on-
cum
ulat
ive.
Stra
tegy
:Pr
ovid
e gr
oup
insu
ranc
e be
nefi
ts to
pub
lic s
choo
l em
ploy
ees
and
retir
ees
by m
onito
ring
the
perf
orm
ance
of
cont
ract
ed b
enef
it pr
ovid
ers,
com
mun
icat
ing
insu
ranc
e pl
an f
eatu
res
toac
tive
and
retir
ed p
ublic
sch
ool e
mpl
oyee
s, a
nd r
esol
ving
ben
efit
disp
utes
. Est
imat
ed.
Out
put M
easu
res:
Stat
emen
t:N
etw
ork
Phys
icia
n O
ffic
e V
isits
as
a Pe
rcen
t of
Tot
al P
hysi
cian
Off
ice
Vis
itsD
efin
ition
:T
his
mea
sure
is in
tend
ed to
ref
lect
usa
ge o
f ne
twor
k ph
ysic
ians
v. n
on-n
etw
ork
phys
icia
ns. T
he m
easu
re is
cal
cula
ted
by th
e pr
ogra
m's
cla
ims
adm
inis
trat
orba
sed
on c
laim
s da
ta. N
oncu
mul
ativ
e.
Stat
emen
t:D
olla
r A
mou
nt o
f U
tiliz
atio
n R
evie
w S
avin
gsD
efin
ition
:T
his
mea
sure
is in
tend
ed to
ref
lect
the
estim
ated
dol
lar
savi
ngs
resu
lting
fro
mut
iliza
tion
revi
ew. T
his
is a
wei
ghte
d av
erag
e es
timat
e re
port
ed b
y th
e pr
ogra
m's
clai
ms
adm
inis
trat
or. T
his
mea
sure
indi
cate
s th
e w
eigh
ted
aver
age
savi
ngs
esti-
mat
ed f
rom
indi
vidu
al c
ase
man
agem
ent,
out-
patie
nt a
nd in
-pat
ient
pre
-cer
tific
a-tio
n, h
ospi
tal b
ill a
udit
prog
ram
, dur
able
med
ical
equ
ipm
ent,
surg
ical
and
oth
erpr
ofile
s. C
umul
ativ
e.
Stat
emen
t:D
olla
r A
mou
nt o
f Pa
rtic
ipat
ing
Net
wor
k Sa
ving
sD
efin
ition
:T
his
amou
nt is
an
estim
ate
repo
rted
by
the
prog
ram
's c
laim
s ad
min
istr
ator
.T
his
mea
sure
indi
cate
s th
e sa
ving
s es
timat
ed f
rom
rea
sona
ble
and
cust
omar
ych
arge
s th
roug
h th
e di
scou
nted
net
wor
k pa
rtic
ipat
ing
fees
.
M T
EA
CH
ER
RE
TIR
EM
EN
T S
YS
TE
M O
F T
EX
AS
62
Eff
icie
ncy
Mea
sure
:
Stat
emen
t:D
efin
ition
:Pe
rcen
t of
Cla
ims
Adj
udic
ated
with
in 1
4 D
ays
of R
ecei
ptT
his
mea
sure
is in
tend
ed to
ref
lect
the
effi
cien
cy o
f cl
aim
s se
ttlem
ent.
Usi
ngin
form
atio
n su
pplie
d by
the
prog
ram
's c
laim
s ad
min
istr
ator
the
num
ber
of c
laim
sad
judi
cate
d w
ithin
14
days
of
rece
ipt i
s di
vide
d by
the
tota
l num
ber
of c
laim
sre
ceiv
ed in
a p
artic
ular
per
iod.
Non
cum
ulat
ive.
Exp
lana
tory
or
Inpu
t Mea
sure
s:
Stat
emen
t:D
efin
ition
:
Stat
emen
t:D
efin
ition
:
Num
ber
of T
RS
Mem
bers
Par
ticip
atin
g in
TR
S-C
are
Thi
s m
easu
re is
inte
nded
to s
how
the
num
ber
of m
embe
rs p
artic
ipat
ing
in th
e he
alth
insu
ranc
e pr
ogra
m a
t Aug
ust 3
1. I
t doe
s no
t inc
lude
dep
ende
nts
or b
enef
icia
ries
of
retir
ees.
Non
cum
ulat
ive.
Num
ber
of T
otal
Par
ticip
ants
in T
RS-
Car
eT
his
mea
sure
is in
tend
ed to
sho
w th
e to
tal n
umbe
r of
par
ticip
ants
in th
e he
alth
insu
ranc
e pr
ogra
m a
t Aug
ust 3
1, in
clud
ing
retir
ees,
dep
ende
nts
and
bene
fici
arie
s of
retir
ees.
Non
cum
ulat
ive.
M=
5 T
EA
CH
ER
RE
TIR
EM
EN
T S
YST
EM
OF
TE
XA
S
3 2
<76
;3
Alth
ough
not
req
uire
d, s
tate
gui
delin
es f
or p
repa
ratio
n of
the
1999
-200
3 St
rate
gic
Plan
req
uest
ed th
at a
genc
ies
incl
ude
sum
mar
ized
fin
ding
s re
gard
ing
agen
cy p
artic
ipat
ion
in th
eSu
rvey
of
Org
aniz
atio
nal E
xcel
lenc
e.
Res
ults
of S
urve
y of
Org
aniz
atio
nal E
xcel
lenc
eIn
Feb
ruar
y 19
98, T
RS
empl
oyee
s re
ceiv
ed th
e co
nfi-
dent
ial S
urve
y of
Org
aniz
atio
nal E
xcel
lenc
e, a
n or
gani
-za
tiona
l sur
vey
adm
inis
tere
d fo
r st
ate
agen
cies
eac
hbi
enni
um b
y th
e Sc
hool
of
Soci
al W
ork
at T
he U
nive
rsity
of T
exas
at A
ustin
. Thi
s w
as th
e se
cond
tim
e T
RS
part
icip
ated
in th
e su
rvey
. Dat
a fr
om th
e su
rvey
ref
lect
empl
oyee
per
cept
ions
of
man
y as
pect
s of
fac
tors
kno
wn
to in
flue
nce
orga
niza
tiona
l eff
ectiv
enes
s.
Fift
y-fo
ur p
erce
nt o
f T
RS
empl
oyee
s (1
99)
resp
onde
d to
the
1998
sur
vey
com
pare
d w
ith 5
1 pe
rcen
t in
1996
.T
his
resp
onse
rat
e in
dica
tes
that
man
y T
RS
empl
oyee
sar
e co
mm
itted
to im
prov
ing
thei
r w
orkp
lace
.
The
199
8 su
rvey
res
ults
sug
gest
that
, whi
le s
ome
em-
ploy
ee c
once
rns
rem
ain,
em
ploy
ee p
erce
ptio
ns o
f m
any
key
issu
es h
ave
impr
oved
. Som
e of
the
stat
emen
ts f
orw
hich
em
ploy
ee r
atin
gs s
how
ed th
e gr
eate
st in
crea
sew
ere:
Our
goa
ls a
re c
onsi
sten
tly m
et o
r ex
ceed
edE
very
em
ploy
ee is
val
ued
We
wor
k w
ell w
ith o
ur g
over
ning
bod
ies.
The
re is
a b
asic
trus
t bet
wee
n em
ploy
ees
and
man
agem
ent.
Em
ploy
ees
feel
that
thei
r ef
fort
s co
unt.
Tra
inin
g is
mad
e av
aila
ble
in p
erso
nal
grow
th a
nd d
evel
opm
ent.
Alte
rnat
ive
wor
k sc
hedu
les
are
offe
red
toem
ploy
ees.
Em
ploy
ee-i
dent
ifie
d ar
eas
of s
tren
gth
incl
uded
: Cus
-to
mer
Ori
enta
tion,
Im
med
iate
Wor
k G
roup
Env
iron
men
t,R
esou
rces
/Phy
sica
l Acc
omm
odat
ions
, and
Int
egri
ty/
Fair
ness
/Eth
ical
Beh
avio
rs. A
reas
of
conc
ern
incl
uded
:E
mpo
wer
men
t, G
oal A
chie
vem
ent,
and
Sala
ries
.
Aft
er th
e 19
96 s
urve
y, e
mpl
oyee
s w
ere
invo
lved
inge
nera
ting
idea
s fo
r im
prov
emen
t, an
d a
num
ber
of th
eir
sugg
estio
ns w
ere
impl
emen
ted.
TR
S w
ill u
se a
sim
ilar
proc
ess
for
the
1998
sur
vey,
kno
win
g th
e tr
ue b
enef
its o
fem
ploy
ee f
eedb
ack
com
e fr
om a
ctin
g on
it.
111=
5 T
EA
CH
ER
RE
TIR
EM
EN
T S
YS
TE
M O
F T
EX
AS
64
131
U.S. Department of EducationOffice of Educational Research and Impmvement (OERI)
National Library of Education (NLE)Educational Resources Information Center (ERIC)
REPRODUCTION RELEASE(Specific Document)
I. DOCUMENT IDENTIFICATION:
Title:
5Author(s):
erij e tyke Di-1r, ti) CemiRrqf 1441 fPr Ole liAdorkaremaitcylemof-7e,542.5- /lc19 '--S905
Corporate Source:
-reache, gaiiretzent cylvkft cfr Teree-s
II. REPRODUCTION RELEASE:
Publication Date:
TM./fed riq
In order to disseminate as widely as possible timely and significant materials of interest to the educational community, documents announced in themonthly abstract journal of the ERIC system, Resources in Education (RIE), are usually made available to users in microfiche, reproduced paper copy,and electronic media, and sold through the ERIC Document Reproduction Service (EDRS). Credit is given to the source of each document, and, ifreproduction release is granted, one of the following notices is affixed to the document.
If permission is granted to reproduce and disseminate the identified document, please CHECK ONE of the following three options and sign at the bottomof the page.
The sample sticker shown below will beaffixed to all Level 1 documents
PERMISSION TO REPRODUCE ANDDISSEMINATE THIS MATERIAL HAS
BEEN GRANTED BY
\e
S16`c<c'
TO THE EDUCATIONAL RESOURCESINFORMATION CENTER (ERIC)
Level 'I
Check here for Level 1 release, permitting reproductionand dissemination in microfiche or other ERIC archival
media (e.g., electronic) and paper copy.
Signhere,4please
The sample sticker shown below will beaffixed to all Level 2A documents
PERMISSION TO REPRODUCE ANDDISSEMINATE THIS MATERIAL IN
MICROFICHE, AND IN ELECTRONIC MEDIAFOR ERIC COLLECTION SUBSCRIBERS ONLY,
HAS BEEN GRANTED BY
2A
TO THE EDUCATIONAL RESOURCESINFORMATION CENTER (ERIC)
Level 2A
7Check here for Level 2A release, permitting reproductionand dissemination in microfiche and in electronic media
for ERIC archival collection subscribers only
The sample sticker shown below will beaffixed to all Level 28 documents
PERMISSION TO REPRODUCE ANDDISSEMINATE THIS MATERIAL IN
MICROFICHE ONLY HAS BEEN GRANTED BY
sq>TO THE EDUCATIONAL RESOURCES
INFORMATION CENTER (ERIC)
Level 2B
Check here for Level 28 release, permittingreproduction and dissemination in microfiche only
Documents will be processed as indicated provided reproduction quality permits.If permission to reproduce Is granted, but no box Is checked, documents will be processed at Level 1.
I hereby grant to the Educational Resources Information Center (ERIC) nonexclusive permission to reproduce and disseminate this documentas indicated above. Reproductigh from the ERIC microfiche or electronic media by persons other than ERIC employees and its systemcontractors requires permission from the copyfight holder. Exception is made for non-profit reproduction by libraries and other service agenciesto satisfy information needs of educators in response to discrete inquiries.
Signatu
Organization/ ress:
adler remen-f-Cisfew 4>e reottloco ged ritvecd% At4.9A-4, "iribt- WYK
Printed Name/Position/Titl : oi
TtLIT7PHYDate:6 95:0
Await/Q./ mon 2u aPammknTin s, bragE-Mail Address:
(over)
III. DOCUMENT AVAILABILITY INFORMATION (FROM NON-ERIC SOURCE):
If permission to reproduce is not granted to ERIC, or, if you wish ERIC to cite the availability of the document from another source, pleaseprovide the following information regarding the availability of the document. (ERIC will not announce a document unless it is publiclyavailable, and a dependable source can be specified. Contributors should also be aware that ERIC selection criteria are significantly morestringent for documents that cannot be made available through EDRS.)
Publisher/Distributor:
Address:v
Price:
IV. REFERRAL OF ERIC TO COPYRIGHT/REPRODUCTION RIGHTS HOLDER:
If the right to grant this reproduction release is held by someone other than the addressee, please provide the appropriate name andaddress:
Name:
Address:
V. WHERE TO SEND THIS FORM:
Send this form to the following ERIC Clearinghouse:
However, if solicited by the ERIC Facility, or if making an unsolicited contribution to ERIC, return this form (and the document beingcontributed) to:
ERIC Processing and Reference Facility1100 West Street, 2nd Floor
Laurel, Maryland 20707-3598
Telephone: 301-497-4080Toll Free: 800-799-3742
FAX: 301-953-0263e-mail: [email protected]
WWW: http://ericfac.piccard.csc.com
EFF-088 (Rev. 9/97)PREVIOUS VERSIONS OF THIS FORM ARE OBSOLETE.
'