40 Tex. Admin. Code § 607.104 - Definitions
The following words and terms, for the purposes of this chapter, shall have the following meanings, unless the rule indicates otherwise.
(1) "Board" means the
State Pension Review Board.
(2)
"Credit hour" means the actual amount of instruction time for an MET activity
expressed in terms of hours. The number of MET credit hours shall be based on
sixty (60) minutes of instruction per hour.
(3) "First year of service" means:
(A) On or before December 31, 2024, the
twelve-month period beginning from the date of assuming one's position on the
PRS board or date of hire for an administrator.
(B) On or after January 1, 2025, the calendar
year in which an individual assumes one's position on the PRS board or is hired
to serve as administrator if that date occurs before September 1 of that
calendar year. For individuals who assume a position on the PRS board or are
hired to serve as administrator on or after September 1 of a calendar year, the
first year of service refers to the next calendar year.
(4) "Minimum Educational Training" shall have
the same meaning as assigned by §
607.110 of this chapter.
(5) "MET" means Minimum Educational
Training.
(6) "MET activity" means
any organized in-person or online pension-related educational activity, which
may include, but is not limited to, organized seminars, courses, conferences,
lectures, panel discussions, audio, teleconference, video, and digital media
presentations, question-and-answer periods, and in-house education.
(7) "Net actual instruction time" means time
spent on instruction, not including any breaks, or other non-educational
activities including promotion of particular products or services as prescribed
by §
607.120(a)(3) of
this chapter (relating to Program Standards for All Training
Providers).
(8) "Public retirement
system" shall have the same meaning as assigned by §
801.001(2)
and §
802.001(3)
of the Texas Government Code, but shall not include defined contribution plans
as defined by Texas Government Code, §
802.001 (1-a) and
retirement systems consisting exclusively of volunteers organized under the
Texas Local Fire Fighters' Retirement Act as defined by Texas Government Code,
§
802.002(d).
(9) "PRS" means public retirement
system.
(10) "PRS board" has the
same meaning as "governing body of a public retirement system," as provided in
Texas Government Code §
802.001(2).
(11) "Statutorily authorized designee" means
an individual other than the trustee, designated by the trustee as authorized
under the governing statute of the PRS or any other statute.
(12) "System administrator" means as defined
by Texas Government Code §
801.001(3)
and §
802.001(4).
(13) "Training provider" means an individual
or organization offering training programs to trustees and system
administrators. The training provider may or may not have developed the program
materials. However, the training provider is responsible for ensuring the
program materials present the necessary learning objectives and for maintaining
the documentation required by this chapter.
(14) "Trustee" means as provided in Texas
Government Code §
801.001(4).
Notes
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