DALLAS – Large state pension plans in Texas are financially stable but local government employee retirement programs would benefit from more public oversight and transparency, Comptroller Susan Combs said Tuesday.

Six of the eight statewide plans have funded ratios of more than 80%, Combs said,  but none is fully funded. Most on are track to be fully funded in 30 years.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.