Texas Vernon’s Civil Statutes
Sec. § 2.02
Actuarial Assumptions


(a)

If the amount of any benefit or contribution is to be determined on the basis of actuarial assumptions that are not otherwise specifically set forth for that purpose in this article, the actuarial assumptions to be used are those earnings and mortality assumptions being used on the date of the determination by the pension systems qualified actuary and approved by the board.

(b)

The actuarial assumptions being used at any particular time shall be attached by the executive director as an addendum to this article and treated for all purposes as a part of any plan created by this article. The executive director shall promptly update any addendum to conform to any changed actuarial assumptions approved by the board.

(c)

The actuarial assumptions may be changed by the pension systems qualified actuary at any time if approved by the board, but no such change in actuarial assumptions may result in any decrease in benefits accrued as of the effective date of the change.

(1)

the mayor of the municipality;

(2)

the city treasurer or, if there is no treasurer, the person who by law, charter provision, or ordinance performs the duty of city treasurer; and

(3)

three members of the fund to be selected by vote of the firefighters and retirees in the manner provided by this Act.

(b)

The two members of the municipal governing body serve on the board for the term of the office to which they are elected.

(c)

The two active fire fighters below the rank of fire chief serve on the board for staggered four-year terms, with one members term expiring every two years.

(d)

The two active police officers below the rank of police chief serve on the board for staggered four-year terms, with one members term expiring every two years.

(e)

The retiree representatives serve on the board for staggered four-year terms, with one members term expiring every two years.

(1)

the president of the municipalitys police association or the presidents designee, to serve during the presidents term of office;

(2)

two trustees designated by the city manager, to serve at the pleasure of the city manager;

(3)

two trustees designated by the city council, each to serve a staggered three-year term; and

(4)

three trustees elected by the members of the fund, each to serve a staggered three-year term.

(b)

A trustee serves until a successor is selected and qualified. A vacancy occurring by death, resignation, or removal is filled in the same manner used to fill the position being vacated. A person appointed or elected to fill a position vacated by death, resignation, or removal serves the remainder of the term, if any, for the position being vacated, at which time the person may be reappointed or stand for election for a full term.

(a-1)

The mayor may remove and replace the mayors designee at the mayors discretion.

(b)

The two members of the municipal governing body serve on the board for the term of the office to which they were elected.

(c)

The two members of the fund who are firefighters below the rank of fire chief serve on the board for staggered four-year terms, with one members term expiring every two years.

(d)

The two members of the fund who are police officers below the rank of police chief serve on the board for staggered four-year terms, with one members term expiring every two years.

(e)

The retiree representatives serve on the board for staggered four-year terms, with one members term expiring every two years.
Source
Last accessed
Oct. 22, 2019