Texas Government Code Title 8, Chapter 840 - Administration

SUBCHAPTER A POWERS AND DUTIES

• Texas Section 840.001 - General Administration
  (a) The board of trustees of the Employees Retirement System of Texas, as provided by Subchapter A of Chapter 815, is responsible for the general...
• Texas Section 840.002 - Rulemaking
  Subject to the limitations of this subtitle, the board of trustees may adopt rules and provide for forms it considers necessary for the administration of...
• Texas Section 840.003 - Administering System Assets
  (a) All assets of the retirement system shall be credited to the trust fund provided by Section 840.305. The board of trustees shall administer all...
• Texas Section 840.004 - Designation Of Authority To Sign Vouchers
  The board of trustees shall file with the state comptroller of public accounts a duly attested copy of a board resolution that designates the authorized...
• Texas Section 840.005 - Adopting Tables And Rates
  The board of trustees by rule shall adopt interest rates and mortality, service, and other tables the board considers necessary for the retirement system after...
• Texas Section 840.006 - Records Of Board Of Trustees
  The board shall keep a record of all of its proceedings. Records of the board are open to public inspection. Added by Acts 1985, 69th...
• Texas Section 840.007 - Report
  Annually, the retirement system shall publish a report containing the following information: (1) the retirement system's fiscal transactions of the preceding fiscal year; (2) the...

SUBCHAPTER B COLLECTION OF MEMBERSHIP FEES AND CONTRIBUTIONS; APPROPRIATIONS

• Texas Section 840.008 - Correction Of Errors
  If an error in the records of the retirement system results in a person receiving more or less money than the person is entitled to...
• Texas Section 840.102 - Collection Of Member Contributions
  (a) Except as provided by Subsections (g) and (h), each payroll period, a judicial officer who is a member of the retirement system is required...
• Texas Section 840.1025 - Contributions After 20 Years Of Service Credit
  (a) A judicial officer who is a member of the retirement system and who accrues 20 years of service credit in the retirement system may...
• Texas Section 840.1027 - Contributions After Attaining Rule Of 70
  (a) Notwithstanding Section 840.102(h), a judicial officer who is a member of the retirement system and who has served at least 12 years on an...
• Texas Section 840.103 - Collection Of State Contributions
  (a) During each fiscal year, the state shall contribute to the retirement system an amount equal to a percentage of the aggregate state compensation of...
• Texas Section 840.104 - Collection Of Contributions For Senior District Court Judges
  Contributions for members appointed under Subchapter C of Chapter 75 are as provided by Section 75.113. Added by Acts 1985, 69th Leg., ch. 602, Sec....
• Texas Section 840.105 - Employer Pickup Of Member Contributions
  (a) For all state compensation earned after December 31, 1989, by judicial officers who are members of the retirement system, the state shall pick up...

SUBCHAPTER C OFFICERS AND EMPLOYEES OF BOARD OF TRUSTEES

• Texas Section 840.106 - Action Increasing Amortization Period
  (a) A rate of member or state contributions to or a rate of interest required for the establishment of credit in the retirement system may...
• Texas Section 840.201 - Legal Adviser
  The attorney general of the state is the legal adviser of the board of trustees. The attorney general shall represent the board in all litigation....
• Texas Section 840.202 - Medical Board
  (a) The board of trustees shall designate a medical board composed of three physicians. (b) To be eligible to serve as a member of the...
• Texas Section 840.203 - Other Physicians
  The board of trustees may employ physicians in addition to the medical board to report on special cases. Added by Acts 1985, 69th Leg., ch....
• Texas Section 840.204 - Actuary
  (a) The board of trustees shall designate an actuary. (b) An actuary employed under this section must be a fellow of the Society of Actuaries,...
• Texas Section 840.205 - Financial And Investment Services
  The board of trustees may employ persons, either as full-time employees or as independent contractors, to assist the board in investing assets of the retirement...
• Texas Section 840.206 - Comptroller
  (a) The comptroller is the custodian of the securities, bonds, and funds of the retirement system, except as provided by Section 840.3011 or 840.3012 of...
• Texas Section 840.207 - Compensation Of Employees; Payment Of Expenses
  (a) The board of trustees shall compensate all persons whom it employs and shall pay all expenses necessary to operate the retirement system at rates...

SUBCHAPTER D MANAGEMENT OF ASSETS

• Texas Section 840.209 - Interest In Investment Profits Prohibited
  Except for an interest in retirement funds as a member of the retirement system, a trustee or employee of the board of trustees may not...
• Texas Section 840.301 - Investment Of Assets
  (a) The board of trustees may, under the standard of care provided by Section 840.303, invest and reinvest the retirement system's assets and may commingle...
• Texas Section 840.3011 - Custody And Investment Of Assets Pending Transactions
  The retirement system may, in the exercise of its constitutional discretion to manage the assets of the retirement system, select one or more commercial banks,...
• Texas Section 840.3012 - Securities Lending
  (a) The retirement system may, in the exercise of its constitutional discretion to manage the assets of the retirement system, select one or more commercial...
• Texas Section 840.3013 - Nominee To Hold Securities
  (a) The assets of the retirement system may be held in the name of agents, nominees, depository trust companies, or other entities designated by the...
• Texas Section 840.303 - Duty Of Care
  The assets of the retirement system shall be invested and reinvested without distinction as to their source in accordance with Section 67, Article XVI, Texas...
• Texas Section 840.304 - Cash On Hand
  (a) The board of trustees shall keep a sufficient amount of cash on hand to make payments as they become due each year under the...
• Texas Section 840.305 - Establishment Of Fund And Accounts
  (a) A trust fund for the Judicial Retirement System of Texas Plan Two is established in the state treasury. (b) The board of trustees may...

SUBCHAPTER E MISCELLANEOUS ADMINISTRATIVE PROCEDURES

• Texas Section 840.306 - Interest Rate
  (a) Interest on money in a member's individual account in the retirement system is earned monthly and is computed at the rate of five percent...
• Texas Section 840.402 - Retirement System Records
  Records of members, annuitants, retirees, beneficiaries, and alternate payees of the retirement system are confidential and are not subject to public disclosure and are exempt...
• Texas Section 840.403 - Reproduction And Preservation Of Records
  (a) The retirement system may photograph, microphotograph, or film any record in its possession. (b) If a record is reproduced under Subsection (a), the retirement...
• Texas Section 840.404 - Budget And Actuarial Information
  The retirement system shall keep, in convenient form, data necessary for actuarial valuation of the funds of the retirement system and for checking the system's...
• Texas Section 840.405 - Trustee-to-trustee Transfer
  Notwithstanding Section 836.004 and to the extent required as a condition of plan qualification under Section 401(a) of the Internal Revenue Code of 1986 (26...
• Texas Section 840.406 - Plan Qualification
  (a) The provisions of this subtitle shall be interpreted and administered in a manner that permits the retirement system's benefit plan to be considered a...

Last modified: September 28, 2016