Agenda item details

Consideration of Proposed Rules for the Implementation of the Cash Balance Benefit (Group 4) – (Action)

Number:
24/2022
Department:
Enterprise Planning Office
Attachments
Name Download Ext. Filesize
Exhibit A - Proposed amendments to TAC 71 pdf 54 kB
Exhibit B - Proposed amendments to TAC 73 pdf 43 kB
Exhibit C - Proposed Addition of TAC 76 pdf 84 kB
Slides - Rules for Implementation of Cash Balance Benefit Group 4 pdf 168 kB
Recommendation:
RECOMMENDED ACTION:
Move that the Board of Trustees adopt proposed amendments to Texas Administrative Code, Title 34, Part IV, Chapter 71 (Creditable Service) and Chapter 73 (Benefits) as detailed in Exhibits A and B to this agenda item.
Further move that the Board of Trustees adopt new Chapter 76 (Cash Balance Benefit) as detailed in Exhibit C to this agenda item.
Agenda item