Texas § 815.206 ACTUARY.

Texas Statutes

§ 815.206 — ACTUARY.

Texas § 815.206

Code GVGovernment Code

This text of Texas § 815.206 (ACTUARY.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Government Code Code Ann. § 815.206 (2026).

Text

Sec. 815.206. ACTUARY.

(a)The board of trustees shall designate an actuary.

(b)The actuary must be thoroughly qualified to be the technical adviser of the board of trustees on matters concerning operation of the funds of the retirement system.

(c)At least once every four years, the actuary, under the direction of the board of trustees, shall:

(1)make an actuarial investigation of the mortality, service, and compensation experience of the members and beneficiaries of the retirement system; and

(2)make a valuation of the assets and liabilities of the retirement system's funds.

(d)On the basis of tables adopted by the board of trustees under Section 815.105 , the actuary shall make a valuation of the assets and liabilities of the retirement system's funds annually.

(e)The actuary shall

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Sec. 815.206. ACTUARY. (a) The board of trustees shall designate an actuary.
(b) The actuary must be thoroughly qualified to be the technical adviser of the board of trustees on matters concerning operation of the funds of the retirement system.
(c) At least once every four years, the actuary, under the direction of the board of trustees, shall:
(1) make an actuarial investigation of the mortality, service, and compensation experience of the members and beneficiaries of the retirement system; and
(2) make a valuation of the assets and liabilities of the retirement system's funds.
(d) On the basis of tables adopted by the board of trustees under Section 815.105 , the actuary shall make a valuation of the assets and liabilities of the retirement system's funds annually.
(e) The actuary shall perform such other duties as are required by the board of trustees.

Legislative History

Acts 1981, 67th Leg., p. 1876, ch. 453, Sec. 1, eff. Sept. 1, 1981. Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 25.206 and amended by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989. Amended by: Acts 2017, 85th Leg., R.S., Ch. 530 (S.B. 301 ), Sec. 6, eff. September 1, 2017.