Texas Government Code Title 8, Chapter 845 - Administration

SUBCHAPTER A BOARD OF TRUSTEES

• Texas Section 845.001 - Composition Of Board Of Trustees
  The board of trustees is composed of nine members. Acts 1981, 67th Leg., p. 1876, ch. 453, Sec. 1, eff. Sept. 1, 1981. Renumbered from...
• Texas Section 845.002 - Appointment
  The governor shall appoint the members of the board of trustees with the advice and consent of the senate. Acts 1981, 67th Leg., p. 1876,...
• Texas Section 845.003 - Eligibility
  (a) To be eligible to serve as a trustee a person must be: (1) a member of the retirement system and an employee of a...
• Texas Section 845.004 - Term Of Office
  Trustees hold office for staggered terms of six years, with the terms of three trustees expiring December 31 of each odd-numbered year. Acts 1981, 67th...
• Texas Section 845.005 - Oath Of Office
  Before taking office as a trustee, a person shall take the constitutional oath prescribed for officers of the state. Acts 1981, 67th Leg., p. 1876,...
• Texas Section 845.007 - Meetings
  (a) The board of trustees shall hold four regular meetings each year and special meetings when called by the director. (b) Before the fifth day...
• Texas Section 845.008 - Compensation; Expenses
  Each trustee serves without compensation but is entitled to: (1) reimbursement for reasonable traveling expenses incurred in attending board meetings or authorized committee and association...

SUBCHAPTER B POWERS AND DUTIES OF BOARD OF TRUSTEES

• Texas Section 845.009 - Voting
  (a) Each trustee is entitled to one vote. (b) At any meeting of the board, five or more concurring votes are necessary for a decision...
• Texas Section 845.101 - Administration
  (a) The retirement system is a trust. (b) The board of trustees is responsible for the administration of the retirement system. Acts 1981, 67th Leg.,...
• Texas Section 845.102 - Rules And Standards
  (a) The board of trustees shall adopt rules and perform reasonable activities necessary or desirable for efficient administration of the system. (b) Subject to the...
• Texas Section 845.103 - Administering System Assets
  (a) The board of trustees may sell, assign, exchange, or trade and transfer any security in which the retirement system's assets are invested. The board...
• Texas Section 845.104 - Accepting Gift, Grant, Or Bequest
  The board of trustees shall accept a gift, grant, or bequest of money or securities: (1) for the purpose designated by the grantor if the...
• Texas Section 845.105 - Indebtedness; Payment
  (a) The board of trustees may: (1) incur indebtedness; (2) on the credit of the retirement system, borrow money to pay expenses incident to the...
• Texas Section 845.106 - Grants And Payment Of Benefits
  The board of trustees, in accordance with this subtitle, shall consider all applications for annuities and benefits and shall decide whether to grant the annuities...
• Texas Section 845.107 - Audits And Reviews
  (a) In this section: (1) "Audit" means an audit authorized or required by a statute of this state or of the United States or initiated...
• Texas Section 845.108 - Designation Of Authority To Disburse Funds
  The director is authorized to sign checks and authorize fund transfers for payments from the assets of the retirement system. The director may designate in...
• Texas Section 845.109 - Depositories
  The board of trustees shall designate financial institutions to qualify and serve the retirement system as depositories in accordance with Subchapter C of Chapter 404....
• Texas Section 845.110 - Adopting Rates And Tables
  (a) The board of trustees shall adopt rates and tables that the board considers necessary for the retirement system after considering the results of the...
• Texas Section 845.111 - Insurance
  Notwithstanding any other law, the board of trustees may self-insure or purchase any insurance the board considers reasonable and prudent for the performance of board...
• Texas Section 845.112 - Records Of Board Of Trustees
  (a) The board of trustees shall keep, in convenient form, data necessary for required computations and valuations by the actuary. (b) The board shall keep...
• Texas Section 845.113 - Office
  (a) The board of trustees shall maintain the offices of the retirement system in Austin and may, but is not required to: (1) cause the...
• Texas Section 845.114 - Definition Of Participant; Obtaining Information
  (a) In this chapter, "participant" means a member, former member, retiree, annuitant, beneficiary, or alternate payee of the retirement system. (b) The retirement system shall...
• Texas Section 845.115 - Confidentiality Of Participant Information
  (a) Information contained in records in the custody of the retirement system or maintained in the custody of another governmental entity or an administrator or...
• Texas Section 845.1151 - Electronic Information
  The retirement system may provide confidential information electronically to a participant and to a subdivision and receive information electronically from those persons, including by use...

SUBCHAPTER C OFFICERS AND EMPLOYEES OF BOARD OF TRUSTEES

• Texas Section 845.116 - Electronic Transfer Of Funds And Electronic Filing Of Documents
  (a) In this section: (1) "Electronic filing" means the filing of data transmitted to the retirement system by the communication of information by facsimile or...
• Texas Section 845.201 - Officers
  (a) The board of trustees annually shall elect from members of the board: (1) a chairman; and (2) a vice-chairman. (b) The board may appoint...
• Texas Section 845.202 - Director
  (a) The board of trustees shall appoint a director. (b) The director shall manage and administer the retirement system under the supervision and direction of...
• Texas Section 845.203 - Legal Adviser
  (a) The board of trustees shall appoint an attorney. (b) The attorney shall act as the legal adviser to the board. Acts 1981, 67th Leg.,...
• Texas Section 845.204 - 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 845.205 - Other Physicians
  The board of trustees may employ physicians in addition to the medical board to report on special cases. Acts 1981, 67th Leg., p. 1876, ch....
• Texas Section 845.206 - Actuary
  (a) The board of trustees shall appoint an actuary. (b) The actuary shall perform duties in connection with advising the board concerning operation of the...
• Texas Section 845.207 - Other Employees
  The board of trustees shall employ actuarial, clerical, legal, medical, and other assistants required for the efficient administration of the retirement system. Acts 1981, 67th...

SUBCHAPTER D MANAGEMENT OF ASSETS

• Texas Section 845.208 - Compensation Of Employees
  The board of trustees shall determine the amount of compensation that employees of the retirement system receive. Acts 1981, 67th Leg., p. 1876, ch. 453,...
• Texas Section 845.301 - Investment Of Assets
  (a) 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 Section 845.302 - Custody And Investment Of Assets Pending Transactions
  The board of trustees, in the exercise of its discretion to manage the assets of the retirement system, may select one or more commercial banks,...
• Texas Section 845.303 - Securities Lending
  (a) The board of trustees, in the exercise of its discretion to manage the assets of the retirement system, may select one or more commercial...
• Texas Section 845.305 - Crediting System Assets
  (a) The retirement system shall deposit all receipts with a depository designated under Section 845.109 or a custodian designated under Section 845.302. (b) All assets...
• Texas Section 845.306 - Employees Saving Fund
  (a) The retirement system shall deposit in a member's individual account in the employees saving fund: (1) the amount of contributions to the retirement system...
• Texas Section 845.307 - Subdivision Accumulation Fund
  (a) The retirement system shall credit or charge to the account of a participating subdivision in the subdivision accumulation fund: (1) all benefit contributions made...
• Texas Section 845.308 - Closed Subdivision Annuity Reserve Fund
  (a) The retirement system shall deposit and hold in the closed subdivision annuity reserve fund all reserves for annuities payable to annuitants who were members...
• Texas Section 845.309 - Income Fund
  (a) The income fund shall account for the determination and allocation of net investment income or loss. (b) Net investment income or loss will be...
• Texas Section 845.310 - Endowment Fund
  (a) The endowment fund consists of the general reserves account and other accounts as necessary. (b) Repealed by Acts 2005, 79th Leg., Ch. 506, Sec....
• Texas Section 845.311 - Expense Fund
  The expense fund shall account for the administrative revenues and expenses of the retirement system. Acts 1981, 67th Leg., p. 1876, ch. 453, Sec. 1,...
• Texas Section 845.312 - Optional Group Term Life Fund
  (a) The retirement system shall deposit in the optional group term life fund contributions paid by subdivisions to the retirement system to provide optional group...
• Texas Section 845.313 - Disbursements
  (a) Disbursements from the assets of the retirement system may be made by check, electronic funds transfer, or any other means generally available within the...
• Texas Section 845.314 - Interest Rates
  Unless this subtitle expressly states another specified rate of interest, for periods beginning after December 31, 1996, the annual rate of interest is seven percent....
• Texas Section 845.315 - Annual Allocation Of Net Investment Income Or Loss
  (a) As of December 31 of each year, the board of trustees shall make the following allocations that in the aggregate equal the net investment...
• Texas Section 845.316 - Transfer Of Assets On Retirement
  Sec. 845.316. TRANSFER OF ASSETS ON RETIREMENT. (a) When a member retires, the retirement system shall transfer from the employees saving fund to the subdivision...
• Texas Section 845.317 - Payment To Formerly Participating Subdivision
  (a) If a participating subdivision, other than a subdivision described by Subsection (b), has no employees who are members of the retirement system and has...

SUBCHAPTER E COLLECTION OF CONTRIBUTIONS

• Texas Section 845.318 - Consolidation Of County's Accounts In Subdivision Accumulation Fund; Return Of Excess Funds
  (a) If a county that has provided for participation of county hospital employees separately from other county employees stops operating a county hospital, the commissioners...
• Texas Section 845.402 - Member Contributions
  (a) Each participating subdivision, by order or resolution of its governing body, shall designate the rate of member contributions for its employees. The subdivision may...
• Texas Section 845.403 - Collection Of Member Contributions
  (a) Each payroll period after the effective date of a subdivision's participation, the subdivision shall cause the contribution for that period to be deducted from...
• Texas Section 845.4031 - Contributions In Anticipation Of Participation
  (a) After a subdivision has officially elected to join the retirement system and has specified the date for its participation to begin, and before the...
• Texas Section 845.404 - Collection Of Subdivision Contributions
  (a) Before the 16th day of each month, each participating subdivision shall pay or cause to be paid to the retirement system at the system's...
• Texas Section 845.405 - Alternative Periods For Administrative Compliance
  (a) Notwithstanding any other provision of this subtitle, the board of trustees may authorize a subdivision to remit to the retirement system contributions, deposits, and...
• Texas Section 845.406 - Optional Group Term Life Program
  (a) In addition to other contributions to the retirement system required by this subtitle, each subdivision participating in the optional group term life program monthly...
• Texas Section 845.407 - Penalty For Late Contributions
  (a) Except as provided by Subsections (c), (d), and (e), a participating subdivision that fails to provide the information required by Section 845.403 or to...

SUBCHAPTER F MISCELLANEOUS ADMINISTRATIVE PROCEDURES

• Texas Section 845.408 - Additional Optional Deposits By Subdivisions
  In addition to the deposits that a subdivision is required to make under this subtitle, the governing body of a participating subdivision may elect to...
• Texas Section 845.501 - Statement Of Amount In Account
  (a) As soon as possible after the end of each calendar year, the board of trustees shall send to the governing body of each subdivision...
• Texas Section 845.502 - Interest In Assets
  A particular person or subdivision has no right in a specific security or in an item of cash other than an undivided interest in the...
• Texas Section 845.503 - Authority To Recoup Or Make Adjustments For Payments Made In Error
  (a) The retirement system may reduce future payments of benefits based on the account of a member, a retiree, or other former member to recoup...
• Texas Section 845.504 - Excess Benefit Program
  (a) If the board of trustees determines that it is in the interest of the retirement system and will benefit members and annuitants, the board...
• Texas Section 845.505 - Undistributed Benefits
  (a) If a person's membership in the retirement system has terminated and a valid application for a retirement annuity or a refund of accumulated contributions...
• Texas Section 845.506 - Appeal Of Administrative Decision
  (a) A decision of the retirement system is final and conclusive unless an appeal is filed in writing with the system by regular mail or...
• Texas Section 845.507 - Qualification
  It is intended that this subtitle be construed and administered in a manner that the retirement system will be considered qualified under Section 401(a) of...

Last modified: September 28, 2016