Gov. Greg Abbott has made a new appointment to the Employees Retirement System of Texas (ERS) Board of Trustees, tapping Patrick "Pat" Frost of San Antonio for the position. Frost, who is stepping into a role with responsibilities for overseeing the public pension system catering to the state employees and retirees, is set to serve on the board until August 31, 2030. This was announced in a press release posted on the Texas governor's official website.
Frost's résumé boasts a 40-year tenure with Frost Bank before retiring and a track record replete with memberships across various civic organizations. His involvement spans the Philosophical Society of Texas, Phi Beta Kappa Society, Texas Cultural Trust Board of Directors, and advisory roles within the San Antonio Independent School District Foundation. His leadership positions include chairing the Greater San Antonio Chamber of Commerce and the NCAA Men’s Final Four Local Organizing Committee, in addition to serving as president of the San Antonio Livestock Exposition and director of Mi Tierra Corporation.
The responsibilities of the ERS Board are critical, encompassing retirement and health insurance coverage for a significant portion of Texas's workforce. According to the same press release, Frost is not new to the stewardship, also holding board memberships at CHRISTUS Santa Rosa Children’s Hospital and previously presiding over the San Antonio Rotary Club.
With academic credentials from Vanderbilt University and UT Austin, where he earned a Bachelor of Arts in Economics and a Master of Business Administration, Frost's appointment awaits confirmation by the Senate. The ERS Board assists employees and retirees in effectively planning for financial security after their public service. The significance of this appointment lies not only in managing fiscal matters but also in setting a precedent for the stewardship of public funds at a time when pension systems nationwide face scrutiny and stress.
