By: Whitmire S.J.R. No. 31 SENATE JOINT RESOLUTION 1-1 proposing a constitutional amendment relating to the duties of 1-2 trustees of local public pension systems. 1-3 BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-4 SECTION 1. Article XVI, Section 67, of the Texas 1-5 Constitution is amended by adding Subsection (f) to read as 1-6 follows: 1-7 (f) Retirement Systems Not Belonging to a Statewide System. 1-8 The board of trustees of a system or program that provides 1-9 retirement and related disability and death benefits for public 1-10 officers and employees and that does not participate in a statewide 1-11 public retirement system shall: 1-12 (1) administer the system or program of benefits; 1-13 (2) hold the assets of the system or program for the 1-14 exclusive purposes of providing benefits to participants and their 1-15 beneficiaries and defraying reasonable expenses of administering 1-16 the system or program; and 1-17 (3) select legal counsel and an actuary and adopt 1-18 sound actuarial assumptions to be used by the system or program. 1-19 SECTION 2. This proposed constitutional amendment shall be 1-20 submitted to the voters at an election to be held November 2, 1993. 1-21 The ballot shall be printed to provide for voting for or against 1-22 the proposition: "The constitutional amendment providing that the 1-23 trustees of a local public pension system must administer the 1-24 system for the benefit of the system's participants and 2-1 beneficiaries."