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Pension Review Board
June 23, 2009
New appointments to Pension Review Board
Gov. Rick Perry on Tuesday announced two new members and reappointed one sitting member to the board that oversees public retirement systems in Texas.
Wayne Roberts, associate vice president of public policy at the University of Texas Health Science Center at Houston, will fill the government finance position on the nine-member Texas Pension Review Board. Roberts has served on the budget teams of Perry, George W. Bush and Bob Bullock.
Scott Smith has already stepped into one of the investment professional slots on the board. Smith is vice president of investments for Wells Fargo Advisors.
Lawyer Paul Braden will continue as the pension law expert on the board.
The board, made up of seven gubernatorial appointments and two legislators, is responsible for monitoring the state and local pension systems for compliance with state law and fiscal requirements.
An effort to beef up the board, launched by Senate Finance Chairman Steve Ogden, R-Bryan, failed during the legislative session. Ogden said when he filed the legislation that board had been a “shell organization” with little funding or authority to monitor the nearly 400 state and local pension systems.
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