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MESSAGE FROM THE CHAIRMAN
Dear Fund Members,
I am pleased to share that we successfully passed legislation aimed at strengthening the fund and supporting our members. House Bill 2688 was approved by the Texas state legislature with unanimous support— an encouraging sign of broad recognition for the importance of our mission.

MESSAGE FROM THE CHAIRMAN
Dear Fund Members,
First of all, I would like to say thank you for your continued support. I could not be happier to represent one of the healthiest pension funds in the world. As board members, we pride ourselves for always putting the Fund first.

MESSAGE FROM THE CHAIRMAN
Dear Fund Members,
As the weather is finally cooling off and we prepare for another holiday season in Houston, it is time again to share where we are and where we are going in managing your pension fund. We had a great year financially with a return of 9.5% resulting in the maximum COLA at 4%. Our investment strategy has a long-standing history of outperforming our benchmark as well as other pension plans across the nation.