Texas Pension Review Board to Review and Revise Key Administrative Rules

The Texas Pension Review Board is reviewing several of the state agency's key rules and seeking public input.

The Texas Legislature requires the PRB to oversee all state and local government retirement systems to ensure they're actuarially sound and comply with the state's reporting requirements. The agency periodically reviews and revises its administrative rules to keep them current and effective.

On Oct. 6, 2023, the PRB published a notice in the Texas Register of its intent to review the following chapters of Title 40 of the Texas Administrative Code:

  1. Chapter 601 – General Provisions
  2. Chapter 603 – Officers and Meetings
  3. Chapter 604 – Historically Underutilized Business Program
  4. Chapter 605 – Standardized Form
  5. Chapter 607 – Public Retirement System Minimum Educational Training Program
  6. Chapter 609 – Public Retirement System Investment Expense Reporting

Your Chance to Be Heard

The PRB recognizes the importance of public input in rule review. The agency invites interested parties, including beneficiaries, public employees, and our members, to share their thoughts, concerns, and suggestions regarding the reviewed rules. If you have insights or feedback, here's how you can participate:

  1. Submit your comments via email to the PRB at [email protected]. In the subject line of your email, include "Rule Review."
  2. Alternatively, you can send written comments by mail to P.O. Box 13498, Austin, TX 78711-3498.

The deadline for comments is Monday, Nov. 6, 2023. Your feedback is essential in helping the PRB make informed decisions that benefit all stakeholders in Texas pension systems.

Why Our TEXPERS Member Participation Matters

TEXPERS member participation in the rule review process is an opportunity to have your voice heard and strengthens the integrity and effectiveness of Texas public retirement systems and cooperation with the agency. Transparent and well-governed pension systems are vital for the financial security and peace of mind of those who have dedicated their careers to public service.

This will ensure that PRB rulemaking serves its intended purpose efficiently and effectively. Your insights and suggestions can lead to positive changes that benefit retirees and the state.

Your participation in the rule review process is highly encouraged. You can actively improve Texas pension systems by sharing your insights and concerns.

Don't miss this chance to make a difference. Submit your comments to the PRB by Nov. 6, 2023, and be a part of positive changes in Texas' public retirement systems. Your voice matters.

About the Author: Allen Jones is the Director of Communications and Event Marketing at TEXPERS. He joined TEXPERS in January 2017. He can be reached at [email protected].


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