Issue Date: 1985-09-01
Revised Date: 2001-09-01

Legal Cites

Origin:

1985 by S.B. 387, 69th Leg., R.S.

Purpose

To receive all contributions from active employees, retirees and the state; premiums for optional coverage, investment income; appropriations for implementation of the program and other funds authorized or required to be deposited in this fund. From the fund shall be paid without fiscal year limitations, premiums to carriers providing group coverage; claims for benefits under group coverage; amounts for administration.

Classification Group 08: Trust Funds [?]
Depository Interest Retained in appropriated fund.
Disposition of Balance Accumulative
Appropriation Technique Not appropriated for state expenditure.

Note

Name changed by S.B. 9, 74th Leg., R.S. (formerly Retired School Employees Group Insurance Trust Fund).

Program expanded to include active school employees.

Name changed back to 'Retired' when new fund and program created for active employees by H.B. 3343, 77th Leg., R.S.

USAS Values

USAS Title RETIRED SCHOOL EMP GRP INS TRUST FUND
Consolidated Fund
State Fund Group 08 - TRUST FUNDS
USAS Status A
Those funds created to account for assets held by the state in a trustee capacity for individuals, private organizations or other governmental entities