Tex. Local Gov't Code Section 107.001
Definitions


In this chapter:

(1)

“Obligation” includes a bond, certificate, note, or book entry obligation.

(2)

“Unfunded liability” means an unfunded, accrued liability of a municipality to a public pension fund as determined by actuarial analysis.
Added by Acts 2003, 78th Leg., ch. 1271, Sec. 1, eff. Sept. 1, 2003.
Sec. 107.002. DEFINITION OF “PUBLIC PENSION FUND.” In this chapter, “public pension fund”:

(1)

means a continuing, organized program or plan of service retirement, disability retirement, or death benefits for officers or employees of a municipality;

(2)

includes a plan qualified under Section 401(a), Internal Revenue Code of 1986, as amended; and

(3)

does not include:

(A)

a program that provides only workers’ compensation benefits;

(B)

a program administered by the federal government;

(C)

a plan described by Section 401(d), Internal Revenue Code of 1986, as amended;

(D)

an individual retirement account consisting of an annuity contract described by Section 403(b), Internal Revenue Code of 1986, as amended;

(E)

an individual retirement account as defined by Section 408(a), Internal Revenue Code of 1986, as amended;

(F)

an individual retirement annuity as defined by Section 408(b), Internal Revenue Code of 1986, as amended;

(G)

an eligible deferred compensation plan as defined by Section 457(b), Internal Revenue Code of 1986, as amended; or

(H)

a program for which benefits are administered by a life insurance company or for which the only funding agency is a life insurance company.
Added by Acts 2003, 78th Leg., ch. 1271, Sec. 1, eff. Sept. 1, 2003.

Source: Section 107.001 — Definitions, https://statutes.­capitol.­texas.­gov/Docs/LG/htm/LG.­107.­htm#107.­001 (accessed Jun. 5, 2024).

Accessed:
Jun. 5, 2024

§ 107.001’s source at texas​.gov