The Texas Plan Summary and Statistical Cover Sheet for Proposed Plan Modification is a document used by the State of Texas to provide a summary of proposed changes to existing pension plans. It provides a comprehensive overview of the modifications, including the current plan information, the proposed changes, an analysis of the expected financial impact of the modifications, and any other relevant information. It is used by the Texas Pension Review Board, the Texas Department of Insurance, and other relevant agencies when considering proposed changes to a pension plan. There are two types of Texas Plan Summary and Statistical Cover Sheet for Proposed Plan Modification — one for defined benefit plans and one for defined contribution plans. The defined benefit plan cover sheet includes information such as the current plan assets, liabilities, and funding status, proposed changes to benefits, and an actuarial analysis of the proposed changes. The defined contribution plan cover sheet includes information such as current plan assets, liabilities, and funding status, proposed changes to contributions and fees, and an analysis of the expected financial impact of the proposed changes. Both cover sheets must be completed and submitted to the Texas Pension Review Board for approval before the proposed changes can be implemented.