[Vpaaetal] Insurance Merger with ERS

[vpaaetal@TAMU-Commerce.edu]

 Rudd and Wisdom, Inc.
 CONSULTING ACTUARIES
Mitchell L. Bilbe, F.S.A.
Philip S. Dial, F.S.A.
Charles V. Faerber, F.S.A., A.C.A.S.
Mark R. Fenlaw, F.S.A.
Carl L. Frammolino, F.S.A.
Joe C. Lopez, A.S.A.
Robert M. May, F.S.A.
J. Christopher McCaul, F.S.A.
	9500 Arboretum Blvd., Suite 200
Austin, Texas  78759
Post Office Box 204209
Austin, Texas  78720-4209
Phone:  (512) 346-1590
Fax:  (512) 345-7437
E-mail:  rw at ruddwisdom.com
	Edward A. Mire, F.S.A.
Rebecca B. Morris, A.S.A.
Amanda L. Murphy, F.S.A.
Michael J. Muth, F.S.A.
Julie L. Normand, F.S.A.
Robyn C. Richards, A.S.A.
Ronald W. Tobleman, F.S.A.
David G. Wilkes, F.S.A.


August 31, 2004



Ms. Ann Fuelberg
Executive Director
Employees Retirement System
  of Texas
Post Office Box 13207
Austin, Texas  78711-3207

	Re:	Texas A&M University System Actuarial Study

Dear Ann:

Attached is the Actuarial Study of the Costs and Actions Involved in the
Merger of the Texas A&M University System Group Benefits Plans into the
State Employees Group Benefits Plans administered by the Employees
Retirement System.

We appreciate the assistance that the staffs of the Employees Retirement
System and the Texas A&M University System have provided to us during the
course of this study.

Please let us know if you have questions or if you need additional
information.

	Sincerely,



	Philip S. Dial

PSD:nlg

Enclosure

cc:	Mr. William S. Nail
	Mr. Steve Hassel
	Mr. Paul Bozeman

I:\users\nancy\ugip\ugip04\af-831.doc


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Texas A&M University-Commerce
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