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Subchapter A. Board of Trustees
Section 855.001. Composition of Board of Trustees - Sec. 855.001. COMPOSITION OF BOARD OF TRUSTEES. The board of...
Section 855.002. Appointment - Sec. 855.002. APPOINTMENT. The governor, with the advice and consent...
Section 855.003. Eligibility - Sec. 855.003. ELIGIBILITY. (a) To be eligible to serve as...
Section 855.004. Term of Office - Sec. 855.004. TERM OF OFFICE. (a) The trustees hold office...
Section 855.005. Oath of Office - Sec. 855.005. OATH OF OFFICE. Before taking office as a...
Section 855.007. Meetings - Sec. 855.007. MEETINGS. (a) The board of trustees shall hold...
Section 855.008. Compensation; Expenses - Sec. 855.008. COMPENSATION; EXPENSES. Each trustee serves without compensation but...
Section 855.009. Voting - Sec. 855.009. VOTING. (a) Each trustee is entitled to one...
Subchapter B. Powers and Duties of Board of Trustees
Section 855.101. Administration - Sec. 855.101. ADMINISTRATION. (a) The retirement system is a trust....
Section 855.102. Rulemaking - Sec. 855.102. RULEMAKING. (a) The board of trustees shall adopt...
Section 855.103. Administering System Assets - Sec. 855.103. ADMINISTERING SYSTEM ASSETS. (a) The board of trustees...
Section 855.104. Accepting Gift, Grant, or Bequest - Sec. 855.104. ACCEPTING GIFT, GRANT, OR BEQUEST. The board of...
Section 855.105. Indebtedness; Payment - Sec. 855.105. INDEBTEDNESS; PAYMENT. (a) The board of trustees may:...
Section 855.106. Grants and Payment of Benefits - Sec. 855.106. GRANTS AND PAYMENT OF BENEFITS. The board of...
Section 855.107. Audit - Sec. 855.107. AUDIT. (a) In this section: (1) "Audit" means...
Section 855.108. Designation of Authority to Sign Vouchers - Sec. 855.108. DESIGNATION OF AUTHORITY TO SIGN VOUCHERS. The board...
Section 855.109. Depositories - Sec. 855.109. DEPOSITORIES. The board of trustees shall designate financial...
Section 855.110. Adopting Rates and Tables - Sec. 855.110. ADOPTING RATES AND TABLES. (a) The board of...
Section 855.111. Certification of Rates - Sec. 855.111. CERTIFICATION OF RATES. (a) The board of trustees...
Section 855.112. Records - Sec. 855.112. RECORDS. (a) The retirement system shall keep, in...
Section 855.113. Office - Sec. 855.113. OFFICE. (a) The board of trustees shall establish...
Section 855.114. Obtaining Information - Sec. 855.114. OBTAINING INFORMATION. (a) In this section, "participant" means...
Section 855.115. Confidentiality of Information About Members, Retirees, Annuitants, or Beneficiaries - Sec. 855.115. CONFIDENTIALITY OF INFORMATION ABOUT MEMBERS, RETIREES, ANNUITANTS, OR...
Section 855.116. Electronic Information - Sec. 855.116. ELECTRONIC INFORMATION. (a) In this section: (1) "Electronic...
Subchapter C. Officers and Employees of Board of Trustees
Section 855.201. Executive Director - Sec. 855.201. EXECUTIVE DIRECTOR. (a) The board of trustees shall...
Section 855.202. Legal Representation - Sec. 855.202. LEGAL REPRESENTATION. (a) The board of trustees shall...
Section 855.203. Medical Board - Sec. 855.203. MEDICAL BOARD. (a) The board of trustees shall...
Section 855.204. Other Physicians - Sec. 855.204. OTHER PHYSICIANS. The board of trustees may employ...
Section 855.205. Actuary - Sec. 855.205. ACTUARY. (a) The board of trustees shall appoint...
Section 855.206. Other Employees - Sec. 855.206. OTHER EMPLOYEES. The board of trustees shall employ...
Section 855.207. Compensation of Employees - Sec. 855.207. COMPENSATION OF EMPLOYEES. The board of trustees shall...
Subchapter D. Management of Assets
Section 855.301. Investment of Assets - Sec. 855.301. INVESTMENT OF ASSETS. (a) The board of trustees...
Section 855.3011. Securities Lending - Sec. 855.3011. SECURITIES LENDING. (a) The board of trustees, in...
Section 855.303. Prudence Regarding Investments - Sec. 855.303. PRUDENCE REGARDING INVESTMENTS. A determination of whether the...
Section 855.304. Cash on Hand - Sec. 855.304. CASH ON HAND. The board of trustees shall...
Section 855.305. Crediting System Assets - Sec. 855.305. CREDITING SYSTEM ASSETS. (a) The retirement system shall...
Section 855.306. Member's Individual Account - Sec. 855.306. MEMBER'S INDIVIDUAL ACCOUNT. (a) The retirement system shall...
Section 855.307. Benefit Accumulation Fund: Current Service - Sec. 855.307. BENEFIT ACCUMULATION FUND: CURRENT SERVICE. (a) The retirement...
Section 855.308. Benefit Accumulation Fund: Prior Service - Sec. 855.308. BENEFIT ACCUMULATION FUND: PRIOR SERVICE. (a) In addition...
Section 855.310. Interest Fund - Sec. 855.310. INTEREST FUND. (a) The amount in the interest...
Section 855.311. Endowment Fund - Sec. 855.311. ENDOWMENT FUND. (a) The retirement system shall deposit...
Section 855.312. Expense Fund - Sec. 855.312. EXPENSE FUND. (a) The board of trustees shall...
Section 855.313. Supplemental Disability Benefits Fund - Sec. 855.313. SUPPLEMENTAL DISABILITY BENEFITS FUND. (a) The retirement system...
Section 855.314. Supplemental Death Benefits Fund - Sec. 855.314. SUPPLEMENTAL DEATH BENEFITS FUND. (a) The retirement system...
Section 855.315. Disbursements - Sec. 855.315. DISBURSEMENTS. (a) Disbursements from the assets of the...
Section 855.316. Interest Rates and Crediting - Sec. 855.316. INTEREST RATES AND CREDITING. (a) Unless this subtitle...
Section 855.317. Annual Allocation of Net Investment Income or Loss From Interest Fund - Sec. 855.317. ANNUAL ALLOCATION OF NET INVESTMENT INCOME OR LOSS...
Section 855.319. Payment to Formerly Participating Municipality - Sec. 855.319. PAYMENT TO FORMERLY PARTICIPATING MUNICIPALITY. If a participating...
Subchapter E. Collection of Contributions
Section 855.401. Member Contributions - Sec. 855.401. MEMBER CONTRIBUTIONS. (a) Each municipality that has one...
Section 855.402. Collection of Member Contributions - Sec. 855.402. COLLECTION OF MEMBER CONTRIBUTIONS. (a) Each payroll period...
Section 855.403. Collection of Municipality Contributions - Sec. 855.403. COLLECTION OF MUNICIPALITY CONTRIBUTIONS. (a) Before the 16th...
Section 855.404. Municipality Expense Contribution - Sec. 855.404. MUNICIPALITY EXPENSE CONTRIBUTION. (a) Each participating municipality shall...
Section 855.405. Municipality Normal Contribution - Sec. 855.405. MUNICIPALITY NORMAL CONTRIBUTION. Each participating municipality shall pay...
Section 855.406. Municipality Prior Service Contribution - Sec. 855.406. MUNICIPALITY PRIOR SERVICE CONTRIBUTION. (a) Each participating municipality...
Section 855.4065. Additional Employer Contributions - Sec. 855.4065. ADDITIONAL EMPLOYER CONTRIBUTIONS. (a) In addition to the...
Section 855.407. Limitation on Municipality Contribution Rates - Sec. 855.407. LIMITATION ON MUNICIPALITY CONTRIBUTION RATES. (a) The combined...
Section 855.408. Municipality Supplemental Death Benefits Contribution - Sec. 855.408. MUNICIPALITY SUPPLEMENTAL DEATH BENEFITS CONTRIBUTION. (a) In addition...
Section 855.410. Interest on Late Contributions - Sec. 855.410. INTEREST ON LATE CONTRIBUTIONS. (a) A participating municipality...
Subchapter F. Optional Programs
Section 855.501. Increased Current Service Annuities - Sec. 855.501. INCREASED CURRENT SERVICE ANNUITIES. (a) A participating municipality...
Section 855.502. Supplemental Death Benefits Program - Sec. 855.502. SUPPLEMENTAL DEATH BENEFITS PROGRAM. (a) As soon as...
Subchapter G. Miscellaneous Administrative Procedures
Section 855.601. Statement of Amount in Account - Sec. 855.601. STATEMENT OF AMOUNT IN ACCOUNT. (a) As soon...
Section 855.602. Interest in Assets - Sec. 855.602. INTEREST IN ASSETS. A particular person, group of...
Section 855.603. Forfeiture of Contributions - Sec. 855.603. FORFEITURE OF CONTRIBUTIONS. (a) If an application under...
Section 855.604. Merger - Sec. 855.604. MERGER. A pension system for municipal employees may...
Section 855.605. Participation of Members of Fire Department - Sec. 855.605. PARTICIPATION OF MEMBERS OF FIRE DEPARTMENT. (a) If...
Section 855.606. Appeal of Administrative Decision - Sec. 855.606. APPEAL OF ADMINISTRATIVE DECISION. A decision of the...
Section 855.607. Plan Qualification - Sec. 855.607. PLAN QUALIFICATION. It is intended that the provisions...
Section 855.608. Full Benefit Arrangement - Sec. 855.608. FULL BENEFIT ARRANGEMENT. (a) A separate fund for...