Public Plan Sponsor of the Year: Texas Municipal Retirement System

 Measured against most public funds’ investment returns, the Texas Municipal Retirement System (TMRS) had a great year in tumultuous 2008. The fund lost only 1.3%, recalls David Gavia, Acting Executive Director at the Austin-based fund. “Compared to our peers,” he says, “it was a phenomenal result.” Many public funds dropped in the 20% to 30% range that year.

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