Skip to main content

An Audit Report on Incentive Compensation at the Teacher Retirement System, the Employees Retirement System, and the Permanent School Fund

May 2012

Report Number 12-030

Overall Conclusion

Through their incentive compensation plans for fiscal year 2011, the Teacher Retirement System (TRS), the Employees Retirement System (ERS), and the Permanent School Fund (PSF) of the Texas Education Agency made incentive compensation awards to employees in accordance with their policies and procedures.

Those three entities awarded a total of $9,022,838 in incentive compensation to 180 employees for fiscal year 2011. Those employees worked in each entity's investment division.

Contact the SAO about this report.

Download the Acrobat version of this report. (.pdf)