Sec. 3.02. COMPOSITION OF BOARD; TRUSTEE QUALIFICATIONS. (a) The police retirement board shall be composed of 11 members as follows:
(1) one council member designated by the city council;
(2) the city manager or the city manager's designee;
(3) the director of finance or the director's designee;
(4) four police officer members elected by the police officer members of the system, each of whom serves for a term of four years;
(5) one legally qualified voter of the city, who is a resident and has been a resident for the preceding five years, is not an employee of the city or a member of the system, and has demonstrated experience in the field of finance or investments, to be appointed by the police retirement board to serve for a term of four years and until the member's successor is duly selected and qualified;
(6) one legally qualified voter of the city, who is a resident and has been a resident for the preceding five years, is not an employee of the city or a member of the system, and has demonstrated experience in the field of finance or investments, to be appointed by the city council to serve for a term of four years and until the member's successor is duly selected and qualified; and
(7) two retired members to be elected by the retired members to serve for a term of four years, with the term of one member expiring each odd-numbered year.
(b) The terms of two members elected as described by Subsection (a)(4) of this section expire in 2023 and every fourth subsequent year, and the terms of two members elected as described by Subsection (a)(4) of this section expire in 2025 and every fourth subsequent year.
(b-1) A member of the police retirement board appointed under Subsection (a)(5) or (a)(6) of this section must:
(1) have, at the time of taking office, the qualifications required for the trustee's position; and
(2) maintain during service on the board the qualifications required for the trustee's position.
(c) A vacancy occurring by the death, resignation, or removal of the member appointed under:
(1) Subsection (a)(5) of this section shall be filled by appointment by the remaining members of the police retirement board; and
(2) Subsection (a)(6) of this section shall be filled by appointment by the city council.
Structure Texas Statutes
Article 6243n-1. Police Officers Retirement System in Municipalities of 460,000 to 500,000
Section 3.02. Composition of Board; Trustee Qualifications
Section 3.03. Police Officer and Retired Members of Board
Section 3.04. Oath; Compensation
Section 3.05. Chair; Vice-Chair
Section 3.06. Rules; Quorum; Removal
Section 3.08. Administration of Police Retirement System
Section 3.091. Process for Experience Studies and Changes to Actuarial Assumptions
Section 3.10. Investment Managers
Section 3.11. Investment Consultant
Section 3.13. Reimbursement of Legal Expenses of Board Member or Employee of System
Section 3.14. Confidentiality of Information About Members, Retirees, Annuitants, or Beneficiaries