TEXPERS renews accreditation for mandated trustee training program
The Texas Association of Public Employee Retirement Systems recently renewed as a Texas Pension Review Board's Minimum Education and Training Program accredited sponsor of core content training and continuing education for trustees and administrators.
The Pension Review Board is an independent state agency that oversees and reviews state and local government retirement systems and accredits training programs for trustees and administrators of public retirement systems. The PRB announced TEXPERS as a renewed accredited sponsor of core and continuing education activities Feb. 27.
The PRB mandates that a new trustee or administrator of a public pension system must take seven hours of training during their first year of service. Topic areas include fiduciary matters, governance, ethics, investments, actuarial matters, benefits administration, and risk management.
During a trustee or administrator's subsequent years of service, they are required to take an additional four hours of continuing education every two years. Education includes these core content areas or non-core areas: compliance, legal and regulatory matters, pension accounting, custodial issues, plan administration, Texas Open Meetings Act, and Texas Public Information Act.
TEXPERS developed its Basic Trustee Training class to fulfill the requirements of the PRB's Minimum Education and Training Program, or MET. It is offered at least twice a year before TEXPERS' conferences.
In addition to the basic training, the association periodically offers advanced trustee training to help them meet the PRB's continuing education requirements. Click here to learn more.