Tex. Gov't Code Section 864.0135
Optional Annuity Increase or Supplemental Payments

(a)

The state board by rule may authorize the governing body of a participating department to:

(1)

make one or more supplemental payments to its retirees and beneficiaries of the pension system; or

(2)

provide an increase in the amount of annuities paid to retirees and beneficiaries of the pension system.

(b)

The governing body of a participating department that elects an option under a rule adopted under this section shall fund all increased benefits that are provided to its retirees and beneficiaries of the pension system under the option.
Added by Acts 2007, 80th Leg., R.S., Ch. 321 (H.B. 2400), Sec. 7, eff. September 1, 2007.
Amended by:
Acts 2019, 86th Leg., R.S., Ch. 1165 (H.B. 3247), Sec. 21, eff. September 1, 2019.

Source: Section 864.0135 — Optional Annuity Increase or Supplemental Payments, https://statutes.­capitol.­texas.­gov/Docs/GV/htm/GV.­864.­htm#864.­0135 (accessed Jun. 5, 2024).

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Accessed:
Jun. 5, 2024

§ 864.0135’s source at texas​.gov