# Tex. Government Code § 802.101: ACTUARIAL VALUATION

> Texas · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TX_Cgv_C802_S802.101

## Section

- **Citation:** Tex. Government Code § 802.101
- **Heading:** ACTUARIAL VALUATION
- **Jurisdiction:** Texas
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** TX Code / Code gv / Chapter 802 / Section 802.101

## Text

(a) The governing body of a public retirement system shall employ an actuary, as a full-time or part-time employee or as a consultant, to make a valuation at least once every three years of the assets and liabilities of the system on the basis of assumptions and methods that are reasonable in the aggregate, considering the experience of the program and reasonable expectations, and that, in combination, offer the actuary's best estimate of anticipated experience under the program. The valuation must include a recommended contribution rate needed for the system to achieve and maintain an amortization period that does not exceed 30 years.

(b) On the basis of the valuation, the actuary shall make recommendations to the governing body of the public retirement system to ensure the actuarial soundness of the system. The actuary shall define each actuarial term and enumerate and explain each actuarial assumption used in making the valuation. This information must be included either in the actuarial study or in a separate report made available as a public record.

(c) The governing body of a public retirement system shall file with the State Pension Review Board a copy of each actuarial study and each separate report made as required by law.

(d) An actuary employed under this section must be a fellow of the Society of Actuaries, a member of the American Academy of Actuaries, or an enrolled actuary under the Employee Retirement Income Security Act of 1974 (29 U.S.C. Section 1001 et seq.).

## Nearby sections

- [Tex. Government Code § 802.001 § 802.001. DEFINITIONS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cgv_C802_S802.001.md)
- [Tex. Government Code § 802.002 § 802.002. EXEMPTIONS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cgv_C802_S802.002.md)
- [Tex. Government Code § 802.003 § 802.003. WRIT OF MANDAMUS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cgv_C802_S802.003.md)
- [Tex. Government Code § 802.101 § 802.101. ACTUARIAL VALUATION.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cgv_C802_S802.101.md)
- [Tex. Government Code § 802.102 § 802.102. AUDIT.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cgv_C802_S802.102.md)
- [Tex. Government Code § 802.103 § 802.103. ANNUAL FINANCIAL REPORT.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cgv_C802_S802.103.md)
- [Tex. Government Code § 802.104 § 802.104. REPORT OF MEMBERS AND RETIREES.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cgv_C802_S802.104.md)
- [Tex. Government Code § 802.105 § 802.105. REGISTRATION.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cgv_C802_S802.105.md)
- [Tex. Government Code § 802.106 § 802.106. INFORMATION TO MEMBER OR ANNUITANT.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cgv_C802_S802.106.md)
- [Tex. Government Code § 802.107 § 802.107. GENERAL PROVISIONS RELATING TO REPORTS AND CONTACT INFORMATION.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cgv_C802_S802.107.md)
- [Tex. Government Code § 802.108 § 802.108. REPORT OF INVESTMENT RETURNS AND ASSUMPTIONS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cgv_C802_S802.108.md)
- [Tex. Government Code § 802.109 § 802.109. INVESTMENT PRACTICES AND PERFORMANCE REPORTS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cgv_C802_S802.109.md)
- [Tex. Government Code § 802.201 § 802.201. ASSETS IN TRUST.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cgv_C802_S802.201.md)
- [Tex. Government Code § 802.202 § 802.202. INVESTMENT OF SURPLUS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cgv_C802_S802.202.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TX_Cgv_C802_S802.101. Check the current official text before relying on it. Not legal advice.