tx-July242026-55: 34 TAC §63.9, §63.13 (Amendment) — Board of Trustees
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§63.13 The Employees Retirement System of Texas (ERS) proposes amendments to 34 Texas Administrative Code (TAC) Chapter 63, concerning Board of Trustees, by amending §63.9 (Officers) and §63.13 (Committees). ERS administers a constitutional trust fund and was established by the Texas Constitution, as currently set forth in Tex. Const. art. XVI, §67, and further organized pursuant to Title 8, Tex. Gov't Code, as well as 34 Texas Administrative Code, §§61.1 et seq. Amendments are proposed for §63.9 and §63.13 in order to reduce the number of officer positions for the ERS Board of Trustees. Currently, three of the Board's six members serve as officers, and one of the officers (the Vice Chair) rarely performs any duties. If the amendments are adopted, the Chair of the Board and the Chair of the Internal Audit Committee will be the only officer positions, with the Chair of the Internal Audit Committee acting as the presiding member in the Board Chair's absence. GOVERNMENT GROWTH IMPACT STATEMENT ERS has determined that during the first five-year period the amended rules will be in effect: (1) the proposed amendments will not create or eliminate a government program; (2)...
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