Sec. The board of trustees shall file with the comptroller of public accounts a duly attested copy of a board resolution that designates the authorized representatives, as provided by this chapter, who have authority to sign vouchers for payment from the funds administered by the board of trustees. Renumbered from Vernon's Ann.Civ.St. (b) The actuary must be thoroughly qualified to be the technical adviser of the board of trustees on matters concerning operation of the funds of the retirement system. Sept. 1, 1981. MAILINGS ON BEHALF OF NONPROFIT ASSOCIATION. Aug. 28, 1989. 1, eff. Kentucky Building Code 815 Ky. Admin. Massachusetts The program shall require intra-agency posting of all non-entry-level positions concurrently with any public posting. The acceptance of benefits by the retirement system under a contract does not waive immunity from suit or immunity from liability. Sept. 1, 1989. The policy statement must include: (1) personnel policies, including policies relating to recruitment, evaluation, selection, appointment, training, and promotion of personnel; (2) a comprehensive analysis of the retirement system's work force that meets federal and state guidelines; (3) procedures by which a determination can be made of significant underuse in the retirement system's work force of all persons for whom federal or state guidelines encourage a more equitable balance; and. (2) hold securities purchased with the assets described by Subsection (a)(1) collectively for the proportionate benefit of: (A) all accounts in the trust fund that are listed in Section 815.310(b); and. (a) The retirement system shall deposit in the state accumulation account all contributions for retirement made by the state to the retirement system and transfer to the account the amounts required by Section 815.318 or 815.502. 586, Sec. Title 110B, Sec. 815.214. 1, eff. (b) The board of trustees shall develop a consistent method, guided by best industry practices and standards, to collect or calculate profit share data in connection with alternative investments of the retirement system. 453, Sec. 815.311. 1, eff. Renumbered from Vernon's Ann.Civ.St. 815.301. 1, eff. Title 110B, Sec. (a) Three members of the board of trustees are appointed with the advice and consent of the senate, one each by: (2) the chief justice of the Supreme Court of Texas; and. 28, eff. 1, eff. 14, eff. Sept. 1, 1989. 26, 27, eff. 815.201. Oct. 20, 1987. Acts 1981, 67th Leg., p. 1876, ch. No claim to original U.S. Government Works. 179, Sec. September 1, 2009. 179, Sec. Sept. 1, 1985. Sept. 1, 1999; Acts 2001, 77th Leg., ch. Section 401). (a) Three members of the board of trustees are nominated and elected by members of the retirement system and retirees under rules adopted by the board. 20, eff. 586, Sec. 25.305 by Acts 1989, 71st Leg., ch. Sept. 1, 1981. Current through 2020 Legislative Session. (c) Before the 11th day after the day on which an appointment is made, the person appointed to the board shall subscribe to the constitutional oath and the oath of office provided by Section 815.004. Section 401). Added by Acts 2017, 85th Leg., R.S., Ch. (d) Appointments to the board shall be made without regard to the race, color, disability, sex, religion, age, or national origin of the appointees. Renumbered from Vernon's Ann.Civ.St. 1459), Sec. 1231, Sec. (c) The amounts certified under Subsection (b) shall be included in the budget of the state that the governor submits to the legislature. (a) A person aggrieved by a decision of the retirement system relating to any program or system administered by the system under this code denying or limiting membership, service credit, or eligibility for or the amount of benefits payable under the program or system may appeal the decision to the board of trustees. 586, Sec. Amended by Acts 1997, 75th Leg., ch. Acts 1981, 67th Leg., p. 1876, ch. Code §815. (d) The board of trustees may in its sole discretion make a final decision on a contested case under this section. Sept. 1, 1989. Sept. 1, 1989. 25, eff. 77, Sec. Commanding officer’s non-judicial punishment . 1, eff. Aug. 26, 1991. Acts 1981, 67th Leg., p. 1876, ch. 453, Sec. 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 expenses. Sec. Aug. 26, 1991; Acts 1997, 75th Leg., ch. 25.315 and amended by Acts 1989, 71st Leg., ch. Oct. 20, 1987. California Government Code Sec. Sec. Sept. 1, 1981. (f) A person aggrieved by a final decision of the retirement system in a contested case under this section is entitled to judicial review under Chapter 2001. 1, eff. Sec. The board of trustees may adopt rules that modify the plan by adding, deleting, or changing a plan provision, including rules that modify benefits available under the plan. 1, eff. 509 (S.B. Title 110B, Sec. SECURITIES LENDING. Title 110B, Sec. Title 110B, Sec. (b) The board shall develop and implement policies that clearly define the respective responsibilities of the board and the staff of the retirement system. (g) In awarding contracts to private professional investment managers under Subsection (c) or otherwise acquiring private financial services, the board of trustees shall make a good faith effort to award contracts to or acquire services from qualified emerging fund managers. This excess benefit arrangement shall be administered as a governmental excess benefit arrangement under Section 415(m) of the Internal Revenue Code of 1986 (26 U.S.C. 179, Sec. Sec. Sept. 1, 1993; Acts 1995, 74th Leg., ch. Sept. 1, 1985; Acts 1985, 69th Leg., ch. 1423, Sec. 815.203. Section 78c(a)(10). POWERS AND DUTIES OF BOARD OF TRUSTEES. There have been a total of 5574 Numbers for this area code. Sept. 1, 1985. NR 815.03(4) (4) “Bedrock" means any naturally formed consolidated or coherent material of the earth's crust, composed of one or more minerals, rock fragments or organic material that underlies any soil or other unconsolidated surficial material or is exposed at the surface. Added by Acts 1993, 73rd Leg., ch. California Government Code Sec. 815.313. 815.308. Sept. 1, 1981. (e) The retirement system has sole discretion in determining if a record is subject to this section. 1, eff. 815.3016. 1, eff. 1, eff. Sept. 1, 1993; Acts 2001, 77th Leg., ch. 1176), Sec. Sept. 1, 1993. 25.504 and amended by Acts 1989, 71st Leg., ch. Download PDF. Sept. 1, 1981. Acts 2019, 86th Leg., R.S., Ch. Sept. 1, 2001; Acts 2003, 78th Leg., ch. Title 110B, Sec. 7, eff. Amended by Acts 1991, 72nd Leg., ch. 1308 (H.B. Acts 2011, 82nd Leg., R.S., Ch. Renumbered from Vernon's Ann.Civ.St. 8, eff. 179, Sec. (b) The retirement system may use money from the fund only to pay supplemental retirement and death benefits to law enforcement and custodial officers as provided by this subtitle and to pay for the administration of the fund. Gov. Title 110B, Sec. Amended by Acts 1995, 74th Leg., ch. 815.5091. Amended by Acts 1985, 69th Leg., ch. 16, Sec. APPOINTED TRUSTEES. § 815.5072 Excess Benefit Arrangement (a) A separate, nonqualified, unfunded excess benefit arrangement is created outside the trust fund of the retirement system. 1, eff. DUTY OF CARE. 15, eff. 1249 (S.B. Sept. 1, 2003. 13(a), eff. The accounting firm selected to conduct the audits shall report the results of those audits directly to the committee. Rule 10.815. 16, eff. 22, eff. Title 110B, Sec. (g) The board of trustees may adopt rules necessary to implement this section. DIVISION 3.6. 815.104. 25.103 by Acts 1989, 71st Leg., ch. RECORDS OF BOARD OF TRUSTEES. Sept. 1, 1999; Acts 2001, 77th Leg., ch. Sept. 1, 1981. Sept. 1, 1993. EMPLOYEES SAVING ACCOUNT. Sept. 1, 1981. Acts 2017, 85th Leg., R.S., Ch. 791, Sec. Sept. 1, 1993; Acts 1997, 75th Leg., ch. (d) Chapter 551 does not require the board of trustees to confer with one or more employees, consultants, or legal counsel of the retirement system or with a third party in an open meeting if the only purpose of the conference is to receive information from or question the employees, consultants, or legal counsel of the retirement system or the third party relating to an alternative investment or a potential alternative investment under this section. The objectives may address desired rates of return, risks involved, investment time frames, and any other relevant considerations. Oct. 20, 1987. (e) The benefit payable under this section shall be paid from state contributions that otherwise would be made to the trust fund under Section 815.403. 251, Sec. The board of trustees shall hold all retirement system assets in trust for the exclusive benefit of the members and annuitants of the system and administer all operations funded by trust assets for the same purpose. Sept. 1, 1981. Amended by Acts 1999, 76th Leg., ch. Sept. 1, 1981. Sept. 1, 1989. Sept. 1, 1981. (e) Certified records shall be furnished to any person who is authorized by law to receive them. (b) A person may not pursue a counterclaim or other cause of action against the retirement system, a trustee, officer, or employee of the retirement system, or a carrier or administering firm for the retirement system in connection with a transaction or occurrence related to the interpleader action. The board of trustees shall elect a presiding officer from the membership of the board. Georgia (a) No later than December 1 of each year, the retirement system shall furnish to each member a statement of the amount credited to the member's individual account as of August 31 of the preceding fiscal year. subtitle c. teacher retirement system of texas. September 1, 2011. 1176), Sec. The code of ethics must contain standards of ethical conduct and disclosure requirements applicable to the members of the board of trustees and employees of the retirement system in the administration of this subtitle. (c) If the executive director or a member of the advisory committee has knowledge that a potential ground for removal exists, the executive director or committee member shall notify the presiding officer of the board of trustees of the potential ground for removal. ADOPTING TABLES. 179, Sec. Terms Used In California Government Code 815. 7500 Security Boulevard, Baltimore, MD 21244 Added by Acts 1993, 73rd Leg., ch. Aug. 28, 1989; Acts 1997, 75th Leg., ch. Acts 2005, 79th Leg., Ch. Sept. 1, 1989. General Provisions … chapter 815. administration. 815.317. 815.312. 791, Sec. 25.003 and amended by Acts 1989, 71st Leg., ch. 179, Sec. Amended by Acts 1985, 69th Leg., ch. Title 110B, Sec. Text of subsection effective on January 01, 2022. (4) reasonable methods to appropriately address those areas of significant underuse. Terms Used In Texas Government Code 815.503. 1, eff. GROUNDS FOR REMOVAL OF TRUSTEE. 26, eff. subtitle b. employees retirement system of texas. Sec. Sec. Title 110B, Sec. Texas Government Code Sec. Sept. 1, 1989. 174, Sec. (e) The board of trustees may adopt rules necessary to implement this section. Acts 2013, 83rd Leg., R.S., Ch. If the total of the estimated required payments is not equal to the total of the actual payments required for a fiscal year, the retirement system shall certify to the state comptroller of public accounts at the end of that year the amount required for necessary adjustments, and the comptroller shall make the required adjustments. (b) The state auditor shall pay the costs of each management audit under this section from money appropriated to the state auditor and approved for that purpose by the legislative audit committee. 1, eff. Subject to Section 815.3016, the board of trustees or the executive director may, under the standard of care provided by Section 815.307, invest and reinvest any of the retirement system's assets and may commingle assets of the trust fund and the law enforcement and custodial officer supplemental retirement fund with the assets of the Judicial Retirement System of Texas Plan Two for investment purposes, as long as proportionate ownership records are maintained and credited. Added by Acts 1997, 75th Leg., ch. 347 (S.B. 21, eff. September 1, 2011. Added by Acts 2005, 79th Leg., Ch. that affect coverage or reimbursement. (c) If the legislature appropriates, on behalf of each contributing member for any fiscal year, a membership fee to be deposited in the expense account in an amount equal to or greater than the membership fee required by Subsection (a), the members are not required to pay the membership fee for that year. Renumbered from Vernon's Ann.Civ.St. Added by Acts 2013, 83rd Leg., R.S., Ch. Sec. 179, Sec. 179, Sec. 3, eff. 16, eff. 179, Sec. Sept. 1, 1989. Rules adopted by the board of trustees are to be considered a part of the plan and supersede conflicting portions of existing plan provisions. Sec. (e) The board of trustees shall develop written investment objectives concerning the investment of assets of the retirement system. Added by Acts 1993, 73rd Leg., ch. EMPLOYER PICKUP OF MEMBER CONTRIBUTIONS. 926, Sec. For more detailed codes research information, including annotations and citations, please visit Westlaw . 815.1025. 11, eff. Sept. 1, 1989. September 1, 2005. (d) The executive director or an authorized representative may certify the authenticity of a record reproduced under this section and shall charge a fee for the certified copy as provided by law. 1, eff. 815.207. Acts 1981, 67th Leg., p. 1876, ch. (2) "Profit share" means an amount received by a private professional investment manager either in consideration for achieving certain investment returns or as part of the negotiated division of investment returns between the private professional investment manager and an investor. 1, eff. 815.404. June 14, 2013. Sept. 1, 1989. Indiana PLAN QUALIFICATION. Sec. Renumbered from Vernon's Ann.Civ.St. 815.008. The comptroller shall credit the receipts to the employees saving account. (d) On the basis of tables adopted by the board of trustees under Section 815.105, the actuary shall make a valuation of the assets and liabilities of the retirement system's funds annually. REPRODUCTION AND PRESERVATION OF RECORDS. - 818.9.] (c) Elected trustees hold office for staggered terms of six years, with the term of one trustee expiring on August 31 of each odd-numbered year. The attorney general shall represent the board in all litigation. 1541, Sec. 179, Sec. 1, eff. GENERAL [100 - 7914] ( Title 1 enacted by Stats. Title 110B, Sec. 1, eff. Sept. 1, 1989. Sept. 1, 1993. 453, Sec. EXCLUSIVE REMEDIES. Aug. 28, 1995. (3) if the account is closed because of retirement, from the first day of the fiscal year through the effective date of retirement. Cancel « Prev. September 1, 2005. Sec. Amended by Acts 2003, 78th Leg., ch. Renumbered from Vernon's Ann.Civ.St. Acts 1981, 67th Leg., p. 1876, ch. Renumbered from Vernon's Ann.Civ.St. Sept. 1, 1997. 815.208. 179, Sec. Sept. 1, 1989. 29, eff. 2, eff. Title 110B, Sec. (c) The board shall prepare information of interest to the retirement system's members describing the functions of the system and the system's procedures by which complaints are filed with and resolved by the system. 815.501. (b) A rule reducing a benefit provision may not be adopted unless the modification is necessary for the retirement system to be a qualified plan. Government Code - GOV Section 815.3. Sec. 23, eff. (b) If a written complaint is filed with the retirement system that the system has authority to resolve, the system, at least quarterly and until final disposition of the complaint, shall notify the parties to the complaint of the status of the complaint unless the notice would jeopardize an undercover investigation. 1994, Ch. The plaintiff shall prosecute with reasonable diligence any suit brought under Section 815.511(f). The board of trustees may acquire services described by that chapter in any manner or amount the board considers reasonable. Section 415(b)(1)(A)). GOVERNMENT CODE SECTION 815-818.9 815. (2) as a separate item, an estimate of the amount required to administer the law enforcement and custodial officer supplemental retirement fund for the following biennium. OTHER PHYSICIANS. 1459), Sec. (e) The actuary shall perform such other duties as are required by the board of trustees. 301), Sec. (b) The retirement system shall use the money in the account to pay annuities as provided by this subtitle. Acts 1981, 67th Leg., p. 1876, ch. 22, eff. 18, eff. Sec. 1, eff. 1541, Sec. (a) A person is not eligible for appointment or election to the board if the person or the person's spouse: (1) is employed by or participates in the management of a business entity or other organization receiving funds from the retirement system; or. (b) To be eligible to serve as an elected member of the board, a person must be a member of the retirement system and must hold a position that: (1) is included in the employee class of membership; and. Added by Acts 1987, 70th Leg., 2nd C.S., ch. 1111, Sec. 4.05(a), eff. 21, eff. ADMINISTERING SYSTEM ASSETS. Title 110B, Sec. Sept. 1, 1985. 4.06(a), eff. Acts 1981, 67th Leg., p. 1876, ch. 1664), Sec. Title 110B, Sec. 1943, Ch. 1308 (H.B. Renumbered from Vernon's Ann.Civ.St. June 20, 2003. 791, Sec. (a) Subject to the limitations of this subtitle, the board of trustees may adopt rules for: (2) the administration of the funds of the retirement system; (3) the program of supplemental benefits for law enforcement and custodial officers; (4) hearings on contested cases or disputed claims; and. Sec. 25.3012 by Acts 1989, 71st Leg., ch. INTEREST ACCOUNT. 5753 15 Payment is above 25% (critical agency need) VPO 5 U.S.C. 453, Sec. 1943, Ch. Sec. Code §815.3. Art. 530 (S.B. September 1, 2015. Legal Information Institute. Sec. I - Legislative Sept. 1, 1989. (b) Before November 2 of each even-numbered year, the retirement system shall certify to the Legislative Budget Board and to the budget division of the governor's office for review: (1) an estimate of the amount necessary to pay the state's contribution under Subsections (a)(1), (a)(2), (a)(3), and (a)(5) for the following biennium; and. Liability of Public Entities Section 815.2 (d) The board of trustees shall report, at a minimum, the aggregate amount of profit shares received by private professional investment managers in connection with alternative investments of the retirement system, categorized by asset class, in the annual financial report required under Section 2101.011 and in other appropriate investment reports and board presentations. 815.3015. (f) Chapter 412, Labor Code, does not apply to the retirement system. Amended by Acts 1989, 71st Leg., ch. Aug. 28, 1995. New Article 17 (Sections 599.815-599.821, not consecutive) filed 6-28-84; designated effective 7-1-84 pursuant to Government Code Section 11346.2(d) (Register 84, No. 179, Sec. 25.404 and amended by Acts 1989, 71st Leg., ch. (a) A public entity is not liable for an injury, whether such injury arises out of an act or omission of the public entity or a public employee or any other person. 791, Sec. Acts 1981, 67th Leg., p. 1876, ch. 25.307 by Acts 1989, 71st Leg., ch. Sec. Sept. 1, 1993. If federal regulations prohibit an agency's use of money provided under federal job training laws as state contributions, an agency shall use other money available to it to make state contributions to the retirement system for affected employees. 1, eff. September 1, 2005. Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly.To make such a request is "to appeal" or "to take an appeal." OATH OF OFFICE. 20, eff. Sec. September 1, 2011. 1, eff. May 25, 1989. (a) The executive director may cause an action for interpleader concerning a claim to be filed on behalf of the retirement system in a district court in Travis County to protect the system from double or multiple liability if the executive director determines that a claim may expose the retirement system to such liability. Except as otherwise provided by statute: (a) A public entity is not liable for an injury, whether such injury arises out of an act or omission of the public entity or a public employee or any other person. Cite as: Cal. 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, depository trust companies, or other entities to serve as custodian or custodians of the system's cash or securities pending completion of an investment transaction and may authorize such custodian to invest the cash so held in such short-term securities as the board of trustees determines, subject only to the provisions of Section 815.301. 331 (H.B. In addition, the board or an officer or employee of the retirement system may provide to a member of the legislature or a legislative committee, at the request of the member or committee, any factual information that is not made confidential by law. title 8. public retirement systems. Sec. 3, eff. Acts 1981, 67th Leg., p. 1876, ch. (c) A person appointed to the board of trustees is entitled to reimbursement, as provided by the General Appropriations Act, for the travel expenses incurred in attending the training program regardless of whether the attendance at the program occurs before or after the person qualifies for office.
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