Skip to main content

A Report on the Audit of the Teacher Retirement System’s Fiscal Year 2017 Employer Pension and Other Post Employment Benefits Liability Allocation Schedules

June 2018

Summary Analysis

We have issued two audit reports dated June 8, 2018, related to the Teacher Retirement System’s (System) pension and other post-employment benefits (OPEB) liability schedules for fiscal year 2017.

Pension Liability Schedules

We concluded that the System’s Schedule of Employer’s Proportionate Shares (Allocations) and the total for all entities of the columns titled net pension liability, total deferred outflow of resources, total deferred inflow of resources, and total pension expense (specified column totals) included in the Schedule of Pension Amounts by Employer and the related notes as of August 31, 2017, were materially correct and presented in accordance with accounting principles generally accepted in the United States of America.

OPEB Liability Schedules

We concluded that the System’s Schedule of Employer’s Proportionate Shares (Allocations) of the Collective Net Other Post-Employment Benefits (OPEB) Liability and the total for all entities of the columns titled net OPEB liability beginning of year, net OPEB liability end of year, total deferred outflow of resources, total deferred inflow of resources, and total OPEB expense (specified column totals) included in the Schedule of OPEB Amounts by Employer and the related notes as of August 31, 2017, were materially correct and presented in accordance with accounting principles generally accepted in the United States of America.

The System published our audit reports as part of its schedules, which it intends to post on its Web site at: https://www.trs.texas.gov/Pages/about_publications.aspx.

 Jump to letter


We also issued a report on internal control over financial reporting of the schedules and on compliance and other matters as required by auditing standards. Our procedures did not identify any material weaknesses in internal control over financial reporting or any noncompliance with laws or regulations that materially affected the schedules. In addition, the major internal controls that we tested for the purpose of forming our opinions on the schedules were operating effectively.

 Read Full Letter