Investments Overview

ERS Investment Division

The ERS Investments Division, on behalf of the Board of Trustees and under the direction of the Executive Director, manages the ERS Retirement Trust Fund on behalf of active and retired state employees and other qualified participants.

Investment Policy

View the ERS Investment Policy, which applies to the funds of the retirement plans (Fund) administered by the Employees Retirement System of Texas (ERS).

Investment Strategy

  • ERS is a long-term investor that balances risk to achieve positive investment returns at a reasonable cost, with the ultimate goal of providing lifetime retirement benefits for State of Texas retirees.
  • 30% of ERS Trust investments are in Texas-based companies or companies with 200 or more Texas employees.
  • ERS investments earnings do the heavy lifting to pay retirees' annuities accounting for two-thirds of annuity payments with state and employee contributions making up the other third.
  • Additional information on the ERS investment strategy and resulting returns can be found here.

Investment Performance

ERS invests on a long-term basis with the goal of earning risk-adjusted investment returns at a reasonable cost to help provide retirement benefits for State of Texas retirees. Investment returns continue to be the largest funding component of retirement benefits, accounting for 65% of the value of the ERS Trust.

See recent Investment Performance
 

 

<p>ERS Investments Division</p>

ERS Investments Division

ERS Plans provide retirement benefits for state employees and elected officials (ERS fund), law enforcement and custodial officers (LECOSRF), and judges (JRS 1 and 2). Every year ERS pays $1.8 billion in annuities to retirees, 96% of whom stay in Texas.

Proxy Voting

Proxy Voting

The Board of Trustees recognizes that proxy voting powers are an asset of ERS, are a fiduciary responsibility, and must be exercised for the exclusive benefit of participants of ERS.

Board Materials

Board Materials

Approved minutes from meetings of the ERS Board of Trustees, Joint Meetings of the Board of Trustees and Investment Advisory Committee, and the Board Audit Committee.