About

The Texas State Pension Review Board (PRB) was created in 1979 by House Bill 1506, 66th Legislature (Chapter 801, Government Code), as an independent state agency to oversee and review state and local government retirement systems in Texas.

The Board is composed of nine members. The Governor, with the advice and consent of the Senate, appoints seven members with the following qualifications or experience:

  • three persons with experience in the field of securities investment, pension administration, or pension law;

  • one actuary;

  • one person with experience in governmental finance;

  • a contributing member of a public retirement system;

  • a person receiving benefits from a public retirement system.

The Lieutenant Governor appoints one Senator to the Board and the Speaker of the House appoints one Representative. All positions appointed by Governor unless noted.