Section 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).40 Tex. Admin. Code § 607.104
The provisions of this §607.104 adopted to be effective September 18, 2014, 39 TexReg 7343; Adopted by Texas Register, Volume 49, Number 41, October 11, 2024, TexReg 8397, eff. 10/16/2024