TITLE public-finance

Part III. Teacher Retirement System of Texas

Chapter 41. Insurance

34 TAC §41.13

The Teacher Retirement System of Texas (TRS) adopts an amendment to §41.13, relating to participation in the Texas Public School Employees Group Insurance Program by public school districts without changes to the proposed text as published in the December 25, 1998, issue of the Texas Register (23 TexReg 13022).

This amendment allows school districts to exclude employees with coverage under a spouse's plan from a 75% participation requirement in the current rule. The TRS actuary recommends that we allow schools this latitude.

No comments were received regarding the adoption of the amendment.

The amendment is adopted under the Government Code, Chapter 825, §825.102, which authorizes the Board of Trustees of the Teacher Retirement System to adopt rules for the administration of the funds of the retirement system. In addition, §5 of Article 3.50-4 of the Insurance Code allows the Board to adopt rules necessary to implement the laws regarding group insurance.

The Insurance Code, Article 3.50-4 is affected by this amendment.

This agency hereby certifies that the adoption has been reviewed by legal counsel and found to be a valid exercise of the agency's legal authority.

Filed with the Office of the Secretary of State on February 5, 1999.

TRD-9900776

Charles Dunlap

Executive Director

Teacher Retirement System of Texas

Effective date: February 25, 1999

Proposal publication date: December 25, 1998

For further information, please call: (512) 391-2115