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
Sources Governing Ethical Behavior
Definition and Purpose of an Ethics Policy
Ethics Policy Sections

Ethical Duties of Public Pension Trustees and Staff

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

Ethics in Investing & Additional Resources

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

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