• Best Practices Resources

    Model Ethical Standards and Conflict-of-Interest Policies

    Pursuant to Section 807.210 of the Texas Government Code, the State Pension Review Board (PRB) has developed the following Model Ethics and Conflict-of-Interest Policy for voluntary use by Texas public retirement systems.

    Model Ethics and Conflict-of-Interest Policy

    Texas Statutes

    The following statutes contain many of the ethical standards and conflict-of-interest and disclosure requirements that may apply to Texas public retirement systems.

    State and Local Retirement Systems, Article 16, Section 67, Texas Constitution

    Fiduciary Responsibility, Chapter 802, Section 802.203, Texas Government Code

    Personal Financial Disclosure, Standards of Conduct, and Conflict of Interest, Chapter 572, Texas Government Code

    Regulation of Conflicts of Interest of Officers of Municipalities, Counties, and Certain Other Local Government, Chapter 171, Texas Local Government Code

    Disclosure of Certain Relationships with Local Government Officers; Providing Public Access to Certain Information, Chapter 176, Texas Local Government Code

    Texas Trust Code, Chapter 113, Texas Property Code

    Sample Retirement Systems Ethics Policies

    Here are some sample of ethics policies adopted by Texas public retirement systems.

    Teacher Retirement System Board of Trustees Ethics Policy

    Texas County and District Retirement System Code of Ethics

    Houston Municipal Employees Pension System Ethics Policy

    Other Best Practice/Ethics Resources

    Here are some links to organizations that provide helpful best practices/ethics-related resources.

    National Conference on Public Employee Retirement Systems (NCPERS)

    Government Finance Officers Association (GFOA)

    National Association of State Retirement Administrators (NASRA)

    American Federation of State, County and Municipal Employees (AFSCME)

    Chartered Financial Analyst Institute (CFA)

    Investment Policy

    Here are some guidelines and checklist for developing an investment policy.

    Developing an Investment Policy

    GFOA Pension Investment Policies

    GFOA Investment Policy Checklist