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By:
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Duncan S.B.
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No.
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13A BILL TO BE ENTITLEDAN ACTrelating to the State Pension Review Board and public retirementsystems; authorizing a fee.BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:SECTION
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1.
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Subchapter C, Chapter 801, Government Code, isamended by adding Sections 801.209, 801.210, and 801.211 to read asfollows:Sec.
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801.209.
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PUBLIC RETIREMENT SYSTEM REPORTS ANDINFORMATION. (a) For each public retirement system, the boardshall post on the board
s Internet website, or on a publiclyavailable website that is linked to the board
s website:(1)
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the most recent data from each annual financialreport received by the board;(2)
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the most recent data from each report oninvestment returns and assumptions received by the board; and(3)
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the name, business address, and business telephonenumber of the administrator of the public retirement system.(b)
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On the 60th day after the date a report or informationrequired by this chapter or Chapter 802 is due to the board, theboard shall post on the board
s website a list of public retirementsystems that have not submitted the required reports orinformation.(c)
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For each retirement system included on the list postedunder Subsection (b), the board shall notify:123456789101112131415161718192021222324
83R5168 TJS-F
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(1)
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the governor and the Legislative Budget Boardregarding the lack of a timely submission by the EmployeesRetirement System of Texas, the Teacher Retirement System of Texas,the Texas County and District Retirement System, the TexasMunicipal Retirement System, or the Judicial Retirement System ofTexas Plan Two; or(2)
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the governing body of the political subdivision ofwhich members of the public retirement system are officers oremployees regarding the lack of a timely submission by a publicretirement system other than a system listed in Subdivision (1).Sec.
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801.210.
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MODEL ETHICAL STANDARDS ANDCONFLICT-OF-INTEREST POLICIES. (a) The board shall develop andmake reasonably accessible on the board
s Internet website modelethical standards and model conflict-of-interest policies,including disclosure requirements, for voluntary use by a publicretirement system.(b)
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A public retirement system is not required to adopt astandard or policy based on the model developed under this section.Sec.
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801.211.
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PUBLIC RETIREMENT SYSTEM EDUCATIONALTRAINING PROGRAM. (a) The board shall develop and administer aneducational training program for trustees and administrators ofpublic retirement systems.(b)
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The curriculum of the educational training program mustinclude minimum training requirements for board members andadministrators. The board shall develop a system to trackcompliance with the minimum training requirements by board membersand administrators and shall report the level of compliance in the123456789101112131415161718192021222324252627S.B.
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biennial report required by Section 801.203.(c)
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The curriculum of the educational training programunder this section may include optional training classes fortrustees, administrators, and employees of public retirementsystems.(d)
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To the extent practicable, the board shall make trainingclasses reasonably accessible to trustees and administrators ofpublic retirement systems on an Internet website maintained forthat purpose.(e)
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The board may adopt rules and appropriate fees toadminister and provide educational training programs under thissection. The net proceeds of the fees shall be deposited in theState Pension Review Board fund.SECTION
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The heading to Section 802.107, Government Code,is amended to read as follows:Sec.
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802.107.
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GENERAL PROVISIONS RELATING TO REPORTS ANDCONTACT INFORMATION.SECTION
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Section 802.107, Government Code, is amended byadding Subsections (c), (d), and (e) to read as follows:(c)
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A public retirement system shall post on a publiclyavailable Internet website:(1)
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the name, business address, and business telephonenumber of the administrator of the public retirement system; and(2)
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a copy of the most recent edition of each reportand other information that is required by this chapter or Chapter801 to be submitted to the board.(d)
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A public retirement system that maintains a website or123456789101112131415161718192021222324252627S.B.
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