Texas § 840.204 ACTUARY.

Texas Statutes

§ 840.204 — ACTUARY.

Texas § 840.204

Code GVGovernment Code

This text of Texas § 840.204 (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. § 840.204 (2026).

Text

Sec. 840.204. ACTUARY.

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

(b)An actuary employed under this section must be a fellow of the Society of Actuaries, a member of the American Academy of Actuaries, or an enrolled actuary under the Employee Retirement Income Security Act of 1974 (29 U.S.C. Section 1001 et seq.).

(c)At least once every five years the actuary, under the direction of the board of trustees, shall make an actuarial investigation of the mortality, service, and compensation experience of the members and beneficiaries of the retirement system.

(d)On the basis of tables adopted by the board of trustees under Section 840.005 , the actuary shall make a valuation of the assets and liabilities of the retirement system's funds annually.

(e)The actuary shall perform such

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Sec. 840.204. ACTUARY. (a) The board of trustees shall designate an actuary.
(b) An actuary employed under this section must be a fellow of the Society of Actuaries, a member of the American Academy of Actuaries, or an enrolled actuary under the Employee Retirement Income Security Act of 1974 (29 U.S.C. Section 1001 et seq.).
(c) At least once every five years the actuary, under the direction of the board of trustees, shall make an actuarial investigation of the mortality, service, and compensation experience of the members and beneficiaries of the retirement system.
(d) On the basis of tables adopted by the board of trustees under Section 840.005 , 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

Added by Acts 1985, 69th Leg., ch. 602, Sec. 1, Sept. 1, 1985. Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 75.204 and amended by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989.