Texas Government Code Title 8, Chapter 802 - Administrative Requirements
SUBCHAPTER A GENERAL PROVISIONS
- Texas Section 802.001 - Definitions
In this chapter: (1) "Board" means the State Pension Review Board. (1-a) "Defined contribution plan" means a plan provided by the governing body of a...
- Texas Section 802.002 - Exemptions
(a) Except as provided by Subsection (b), the Employees Retirement System of Texas, the Teacher Retirement System of Texas, the Texas County and District Retirement...
SUBCHAPTER B STUDIES AND REPORTS
- Texas Section 802.003 - Writ Of Mandamus
(a) Except as provided by Subsection (b), if the governing body of a public retirement system fails or refuses to comply with a requirement of...
- Texas Section 802.101 - Actuarial Valuation
(a) The governing body of a public retirement system shall employ an actuary, as a full-time or part-time employee or as a consultant, to make...
- Texas Section 802.1012 - Audits Of Actuarial Valuations, Studies, And Reports
(a) In this section, "governmental entity" means a unit of government that is the employer of active members of a public retirement system. (b) Except...
- Texas Section 802.1014 - Actuarial Experience Study
(a) In this section, "actuarial experience study" means a study in which actuarial assumptions are reviewed in light of relevant experience factors, important trends, and...
- Texas Section 802.102 - Audit
The governing body of a public retirement system shall have the accounts of the system audited at least annually by a certified public accountant in...
- Texas Section 802.1024 - Correction Of Errors
(a) Except as provided by Subsection (b), if an error in the records of a public retirement system results in a person receiving more or...
- Texas Section 802.1025 - Complaint Procedure
(a) Not later than the 20th day after the date of receiving notice under Section 802.1024(a-1) or, if applicable, the second notice under Section 802.1024(a-2),...
- Texas Section 802.103 - Annual Financial Report
(a) Except as provided by Subsection (c), the governing body of a public retirement system shall publish an annual financial report showing the financial condition...
- Texas Section 802.104 - Report Of Members And Retirees
Each public retirement system annually shall, before the 211th day after the last day of the fiscal year under which the system operates, submit to...
- Texas Section 802.105 - Registration
(a) Each public retirement system shall, before the 91st day after the date of its creation, register with the State Pension Review Board. (b) A...
- Texas Section 802.106 - Information To Member Or Annuitant
(a) When a person becomes a member of a public retirement system, the system shall provide the person: (1) a summary of the benefits from...
- Texas Section 802.107 - General Provisions Relating To Reports And Contact Information
(a) A public retirement system shall maintain for public review at its main office and at such other locations as the retirement system considers appropriate...
SUBCHAPTER C ADMINISTRATION OF ASSETS
- Texas Section 802.108 - Report Of Investment Returns And Assumptions
(a) A public retirement system shall, before the 211th day after the last day of its fiscal year, submit to the board an investment returns...
- Texas Section 802.201 - Assets In Trust
The governing body of a public retirement system shall hold or cause to be held in trust the assets appropriated or dedicated to the system,...
- Texas Section 802.2015 - Funding Soundness Restoration Plan
(a) In this section, "governmental entity" has the meaning assigned by Section 802.1012. (b) This section applies to a public retirement system and its associated...
- Texas Section 802.2016 - Funding Soundness Restoration Plan For Certain Public Retirement Systems
(a) In this section, "governmental entity" has the meaning assigned by Section 802.1012. (b) This section applies only to a public retirement system that is...
- Texas Section 802.202 - Investment Of Surplus
(a) The governing body of a public retirement system is responsible for the management and administration of the funds of the system. (b) When, in...
- Texas Section 802.203 - Fiduciary Responsibility
(a) In making and supervising investments of the reserve fund of a public retirement system, an investment manager or the governing body shall discharge its...
- Texas Section 802.204 - Investment Manager
(a) The governing body of a public retirement system may appoint investment managers for the system by contracting for professional investment management services with one...
- Texas Section 802.205 - Investment Custody Account
(a) If the governing body of a public retirement system contracts for professional investment management services, it also shall enter into an investment custody account...
- Texas Section 802.206 - Evaluation Of Investment Services
(a) The governing body of a public retirement system may at any time and shall at frequent intervals monitor the investments made by any investment...
SUBCHAPTER D ACTUARIAL ANALYSIS OF LEGISLATION
- Texas Section 802.207 - Custody And Use Of Funds
(a) An investment manager other than a bank having a contract with a public retirement system under Section 802.204 may not be a custodian of...
- Texas Section 802.301 - Actuarial Impact Statements
(a) Except as provided by Subsection (g), a bill or resolution that proposes to change the amount or number of benefits or participation in benefits...
- Texas Section 802.302 - Preparation Of Actuarial Analysis
(a) The board shall request a public retirement system affected by a bill or resolution as described by Section 802.301(a) to provide the board with...
- Texas Section 802.3021 - State Pension Review Board Actuary
An actuary who reviews or prepares an actuarial analysis for the board must have at least five years of experience as an actuary working with...
- Texas Section 802.303 - Contents Of Actuarial Analysis
(a) An actuarial analysis must show the economic effect of the bill or resolution on the public retirement system affected, including a projection of the...
- Texas Section 802.304 - Cost Of Actuarial Analysis
The state may not pay the cost of a required actuarial analysis that is prepared for a public retirement system not financed by the state,...
- Texas Section 802.305 - Reports, Analyses, And Actuarial Impact Statements For Certain Bills And Resolutions
(a) The board may request a state-financed public retirement system to provide the board with: (1) a report listing and totalling the actuarial effect of...
Last modified: September 28, 2016