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 the twelve-month
period beginning from the date of assuming one's position on the governing
body or hiring date.
(4) "Governing body of a PRS" means, as provided in
Texas Government Code §802.001(2).
(5) "Minimum Educational Training" shall have the same
meaning as assigned by §607.110 of this chapter.
(6) "MET" means Minimum Educational Training.
(7) "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.
(8) "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 Sponsors).
(9) "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).
(10) "PRS" means public retirement system.
(11) "Sponsor" means an individual or organization
offering training programs to trustees and system administrators.
The sponsor may or may not have developed the program materials. However,
the sponsor is responsible for ensuring the program materials present
the necessary learning objectives and for maintaining the documentation
required by this chapter.
(12) "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.
(13) "System administrator" means as defined by Texas
Government Code §801.001(3) and §802.001(4).
(14) "Trustee" means as provided in Texas Government
Code §801.001(4).
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