The Employees Retirement System of Texas (ERS) is a state-run benefits system that provides retirement pensions, health insurance, and other support programs to eligible Texas state employees, retirees, and their families. Established in 1947, ERS manages both defined benefit and defined contribution plans, as well as health and wellness programs such as the Texas Employees Group Benefits Program (GBP). It is responsible for collecting contributions, investing assets, and ensuring the long-term sustainability of benefits for hundreds of thousands of members. As a significant institutional investor, ERS manages a diversified portfolio and operates with a fiduciary duty to preserve and grow as...
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