What is TESRS?
TESRS News
Tuesday, May 11, 2021
TESRS BOARD MEETING SCHEDULED
TESRS has developed a form for Local Boards to submit a written request for waiver of administrative penalties for late reports.
TESRS rules require the assessment of an administrative penalty (34 TAC 310.9) if a required report is not submitted by the due date. There is no provision in the law that permits TESRS to extend the deadline for the submission of a required report.
Under certain conditions, the TESRS Executive Director may waive an administrative penalty assessed for a late required report. The Local Board Chair or Department Chief must submit a written request to the Executive Director and must provide the reasons for the late submittal of the report.
The law requires that the reason for delay in reporting:
- Must be beyond the control of those responsible for preparing and submitting the report, and
- Was not the result of neglect, indifference, or lack of diligence.
If your Local Board will not submit required reports on time, you may want to use the form, Required Reports: Written Request for Waiver that is now available on our website under Forms and Publications.
TESRS BOARD MEETING FEBRUARY 25, 2021
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New Rules Published
New rules 34 Texas Administrative Code §§304.2 were published in the Texas Register on July 10, 2020 that allow a Participating Department to revoke its election to participate in the pension system. Revocation must occur in a manner that protects the actuarial soundness of the pension system.
To read the published rules, click on the link below to access the Texas Administrative Code and click on Chapter 304:
Click on the link below for an outline of the Departmental Revocation Process:
Departmental Revocation Process
Click on the link below for instructions regarding the required Notice of Intent:
Email questions about departmental revocation to info@tesrs.texas.gov .
Online Training Option for Participating Departments
For many departments in Texas,
providing in-house training and department meetings have been halted or reduced
due to concerns about the Coronavirus and COVID-19.
The annual tabulation of qualified
service for TESRS members includes completion of 20 hours of training. If approved by the department, members can complete online training
hours to satisfy the qualified service requirement.
TESRS provides the information below from TEEX about its online continuing education program. Use the hyperlinks to learn more about TEEX online training as an option for your department members.
TEEX Online Training Courses
In today’s world of limited contact, physical distancing and restrictions on travel, e-learning has ceased to be just an alternative for many organizations. Online training courses can be taken in multiple sittings, and are available 24 hours a day, seven days a week to better accommodate busy schedules. In a mobile world, training is available to take on the road, in the café, at home, or any place with an internet-accessible computer.
TEEX Online CE Courses have been designed using instructional best practices with interactive participation, which results in higher levels of cognitive engagement and retention.
Stay Safe
Though efforts to contain the spread of COVID-19 have restricted our travel for on-site meetings, TESRS staff are available to support our members, departments, and Local Boards. Call TESRS at 800-919-3372 if you need assistance.