Ethics

Pension Review Board Staff on July 5, 2022

Texas Pension Review Board

Minimum Educational Training Program

This course examines key concepts of ethics for trustees and system administrators of public retirement systems, including the following: ethics policies, ethical duties of trustees and administrators, federal and state ethics laws, and ethics in investing.

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Introduction to Ethics

Introduction
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Sources Governing Ethical Behavior
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Definition and Purpose of an Ethics Policy
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Ethics Policy Sections
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Ethical Duties of Public Pension Trustees and Staff

Ethical Duties of Public Pension Trustees and Staff
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Fiduciary Duties
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Standards of Conduct: Statutory Requirements
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Standards of Conduct: Best Practices
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Conflict-of-Interest
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Statutory Conflict-of-Interest Provisions 
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Conflict-of-Interest Best Practices
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Curing Conflicts-of-Interest
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Prohibited Transaction and Interests
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Statutory Requirements for Former Officials of Statewide Systems
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Disclosures
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Gifts
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Nepotism
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Confidential Information
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Consequences of Violating Ethics Laws/Enforcement
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Ethics in Investing & Additional Resources

Ethics in Investing
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Pay to Play
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Helpful Links and Additional Information
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Final Quiz
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Course Survey

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