SECTION 41.3. Retirees Advisory Committee

(a) The task and purpose of the Retirees Advisory Committee (Committee) is to:

(1) hold public hearings on group insurance benefits;

(2) recommend to the Board of Trustees of TRS (Board) minimum standards and features of the plan or plans that it considers appropriate; and

(3) recommend to the Board desirable changes in rules and legislation affecting the program.

(b) The Board will appoint members and officers of the Committee.

(c) A majority of the Committee will constitute a quorum.

(d) The executive director of TRS will provide a secretary to the Committee to prepare minutes of the Committee's meetings. The executive director shall be custodian of the records of the Committee.

(e) The executive director may designate the time, dates, and place of the meetings of the Committee. The Committee shall meet at least twice per year, and at the call of the Board.

(f) In the event of an emergency, a majority of the Committee's members may call a meeting by notifying the executive director in writing at least 10 days before the meeting.

(g) The executive director shall file all meeting notices for the Committee as required by the Texas Open Meetings law.

(h) The Committee will report to the Benefits Committee of the Board or directly to the Board as appropriate.

Source Note: The provisions of this §41.3 adopted to be effective April 6, 1987, 12 TexReg 1000; amended to be effective June 15, 1999, 24 TexReg 4460; amended to be effective March 12, 2003, 28 TexReg 2112; amended to be effective August 15, 2019, 44 TexReg 4189