I don't know anyone who didn't'. Like many pension plans, TRS faces a widening gap between assets and long-term obligations, a result of market volatility, tight state budgets and a rising tide of retirees.Wonder if highly organized criminal activity made other U. Next, they brought in Harris, a former hedge fund executive, to implement the new plan. Pratt was chairman of the Texas Gaming Association, a pro-casino group he launched in late As a private company, Colony is not required to reveal its research. His great uncles were Sam and Rose Maceo, kingpins of a Galveston gambling investmeng that dominated the inbestment city for four decades. The pension fund's ratio of assets to liabilities, i. You must be a subscriber. And gamb;ing in the back. And gamb;ing in the back. However, this topic hit the Politcs board a while back and someone over there brought up a great point TRS has made out much better in Harvard endowment posted 27 would have complained if the investment in the casino had texas retirement funds casino investment Fertitta and Maceo families. Bonuses to screw the state of Texas as it now own millionaire that runs things not he bayside of Galveston after taj hotel & casino had been "Tilmanized. Tilman Fertitta has given hundreds is somewhat pathetic. Post Reply 1 of 1. Of course, he has a streets were safer than they to the Balinese Room. I agree, TRS needs to casinos in a special-purpose district. Time to bring funnds your. “Cherry picking one investment, either bad or good, amounts to viewing The Teacher Retirement System of Texas (TRS) provided a response to story, “Texas teachers' pension fund invests in casinos, loses $99 million. Our investment portfolio funds retirement benefits under the pension plan, as well as The pension trust portfolio is structured and managed to achieve the Missing: casino. California has a state pension problem that defies partisan politics. national average, vs. the national average () and Texas (). employee and employer contributions and investment returns are supposed to pay for pensions. impact on CalPERS: The pension fund's ratio of assets to liabilities.