• Minimum Educational Training Program

    The 83rd Texas Legislature required the Pension Review Board (PRB) to establish a Minimum Educational Training (MET) Program for trustees and system administrators of Texas public retirement systems, including providing online training.

    PRB Online Training

    The program statute, rules, forms and flowcharts can be found below.Picture of the Texas state capitol building.

    MET Statute
    MET Rules
    MET Forms
    MET Sponsors
    Curriculum Guide for the MET Program

    The following flowcharts display the diagrammed MET rules.

    MET Requirements and Deadlines
    MET Approved Sources

    Training Requirements

    The MET requirements include topic areas called core and non-core. The core is designed to cover the fundamental competencies of public pensions necessary for trustees and system administrators to successfully discharge their duties. The non-core includes topics that go beyond the basics and are designed to allow trustees and administrators to gain further expertise in additional areas related to their duties. The training requirements are summarized in the table below and are explained in detail in the sections that follow.

    Summary table of MET Program requirements -- All information presented is described in detail in the following paragraphs

    Minimum Training Requirements for New Trustees and Administrators (beginning service on or after Jan. 2, 2015)

    Picture of reading glasses on top of a stack of open books.Core: All trustees and administrators who begin their first term of service on or after January 2, 2015 are considered new trustees/administrators, and shall complete at least 7 credit hours of training in the core content areas within their first year of service. The 7 hours must include training in all of the 7 content areas.  No less than half a credit hour and no more than 2 credit hours earned in any one core content area can be applied toward meeting the 7-hour minimum requirement.

    Core content areas: Fiduciary Matters, Governance, Ethics, Investments, Actuarial Matters, Benefits Administration, and Risk Management.

    Continuing Education: A trustee and an administrator shall complete at least 4 credit hours of continuing education in either the core or non-core content areas within each two-year period after the first year of service.

    Non-core content areas: Compliance, Legal and Regulatory Matters, Pension Accounting, Custodial Issues, Plan Administration, Texas Open Meetings Act, and Texas Public Information Act.

    Minimum Training Requirements for Current Trustees and Administrators (already in service on Jan. 1, 2015)

    Core: Current trustees and administrators have 2 years from the program’s start (from Jan. 1, 2015 until Dec. 31, 2016) to either complete the 7-hour core training or apply for and receive credit for acceptable training taken within the previous 2 years (between Jan. 1, 2013 and Dec. 31, 2014). To receive credit for previous training, the system may submit the Previous Training Approval Application to the PRB.  For reporting current training to the PRB please submit the PRB-2000 Form. After that time, all current trustees and administrators must have completed the Core requirement and will move on to the Continuing Education Cycle.

    Continuing Education: Beginning on Jan. 1, 2017, all current trustees and administrators (as of Jan. 1, 2015) must have completed their core requirement and will begin the 2-year continuing education cycle, as described above under requirements for new trustees and administrators.

    Approved Training: Trustees and administrators may obtain training credit hours through either an accredited sponsor or with individual course approval.  Accredited sponsors do not have to apply to the PRB for approval of each course and systems do not need to fill out an application prior to attending a training conducted by an accredited sponsor unless the training is in a subject area the sponsor is not accredited. In addition to accredited sponsors, systems may also submit an Individual Course Approval Application (ICAA) for any classes the trustees or administrator would like to take from an unaccredited sponsor. The ICAA should be submitted to the PRB 30 days before the course is to be held; however, the Board may make exceptions on a case-by-case basis. Public retirement systems may apply to become an accredited sponsor, using the Sponsor Approval Application (SAA), to be able to get credit for in-house training, often provided by staff or outside consultants at board meetings.  Systems may also apply to offer individual courses using the ICAA.  Please contact the PRB at PRB@prb.state.tx.us with any questions about particular sponsors or courses.

    MET Program Accredited Sponsors and Individual Courses

    Educational providers who would like to apply to become accredited sponsors or for individual course approval should visit the sponsor webpage for more information.

    Minimum Educational Training Program FAQ’s


    MET Program Working Group Meetings

    April 2014 Meeting Summary

    January 2014 Meeting Summary

    October 2013 Meeting Summary