Texas Government Code 801.103 – Members Appointed by Governor
(a) The governor shall appoint, with the advice and consent of the senate, seven members to the board.
(b) The governor shall appoint to the board:
(1) three persons who have experience in the fields of securities investment, pension administration, or pension law but who are not members or retirees of a public retirement system;
(2) one person who is a fellow of the Society of Actuaries, a member of the American Academy of Actuaries, or an enrolled actuary under the federal Employee Retirement Income Security Act of 1974 (29 U.S.C. § 1001 et seq.);
(3) one person who has experience in the field of governmental finance;
(4) one person who is a contributing member of a public retirement system; and
(5) one person who is receiving retirement benefits from a public retirement system.
Terms Used In Texas Government Code 801.103
- Advice and consent: Under the Constitution, presidential nominations for executive and judicial posts take effect only when confirmed by the Senate, and international treaties become effective only when the Senate approves them by a two-thirds vote.
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005