Texas Vernon's Civil Statutes

§ 6243e.1 — FIREFIGHTERS RELIEF AND RETIREMENT FUND IN CITIES OF 950,000 TO 1,050,000

CV § 6243e.1Title 109. PENSIONS

Statute text

ARTICLE 1. GENERAL PROVISIONS Sec. 1.01. APPLICABILITY. This Act applies only to a municipality having a population of more than 950,000 and less than 1,050,000. Sec. 1.02. DEFINITIONS. In this Act:

(1)"Accumulated contributions" means all sums of money, including interest, if applicable, credited to the individual account of a member or former firefighter, as shown on the books and records of the fund. (1-a) "Actuarial accrued liability" means the portion of the actuarial present value of projected benefits of the fund attributed to past periods of member service based on the cost method used in the risk sharing valuation study prepared under Section 10.05 or 10.06 of this Act, as applicable.

(2)"Actuarial equivalent" means a benefit that, at the time that it begins being paid, has the same present value as the benefit it replaces, based on the recommendations of the board's actuary. (2-a) "Actuarial value of assets" means the value of the fund's assets as calculated using the asset smoothing method used in the risk sharing valuation study prepared under Section 10.05 or 10.06 of this Act, as applicable. (2-b) "Adjustment factor" means the assumed rate of return for the fund adopted by the board less two percentage points. (2-c) "Amortization period" means:

(A)the period necessary to fully pay a liability layer; or

(B)if referring to the amortization period of the fund as a whole, the number of years incorporated in a weighted average amortization factor for the sum of the legacy liability and all liability layers as determined in each annual actuarial valuation of assets and liabilities of the fund. (2-d) "Amortization rate" means, for a given calendar year, the percentage rate determined by:

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Legislative history

Acts 2007, 80th Leg., R.S., Ch. 136 (H.B. 1390), Sec. 1, eff. May 18, 2007. Acts 2007, 80th Leg., R.S., Ch. 136 (H.B. 1390), Sec. 2, eff. May 18, 2007. Acts 2007, 80th Leg., R.S., Ch. 136 (H.B. 1390), Sec. 3, eff. May 18, 2007. Acts 2007, 80th Leg., R.S., Ch. 136 (H.B. 1390), Sec. 4, eff. May 18, 2007. Acts 2007, 80th Leg., R.S., Ch. 136 (H.B. 1390), Sec. 5, eff. May 18, 2007. Acts 2007, 80th Leg., R.S., Ch. 136 (H.B. 1390), Sec. 6, eff. October 1, 2007. Acts 2007, 80th Leg., R.S., Ch. 136 (H.B. 1390), Sec. 7, eff. May 18, 2007. Acts 2007, 80th Leg., R.S., Ch. 136 (H.B. 1390), Sec. 8, eff. May 18, 2007. Acts 2007, 80th Leg., R.S., Ch. 136 (H.B. 1390), Sec. 9, eff. May 18, 2007. Acts 2007, 80th Leg., R.S., Ch. 136 (H.B. 1390), Sec. 10, eff. May 18, 2007. Acts 2007, 80th Leg., R.S., Ch. 136 (H.B. 1390), Sec. 11, eff. May 18, 2007. Acts 2007, 80th Leg., R.S., Ch. 136 (H.B. 1390), Sec. 12, eff. May 18, 2007. Acts 2017, 85th Leg., R.S., Ch. 320 (S.B. 2190), Sec. 1.01, eff. July 1, 2017. Acts 2017, 85th Leg., R.S., Ch. 320 (S.B. 2190), Sec. 1.02, eff. July 1, 2017. Acts 2017, 85th Leg., R.S., Ch. 320 (S.B. 2190), Sec. 1.03, eff. July 1, 2017. Acts 2017, 85th Leg., R.S., Ch. 320 (S.B. 2190), Sec. 1.04, eff. July 1, 2017. Acts 2017, 85th Leg., R.S., Ch. 320 (S.B. 2190), Sec. 1.05, eff. July 1, 2017. Acts 2017, 85th Leg., R.S., Ch. 320 (S.B. 2190), Sec. 1.06, eff. July 1, 2017. Acts 2017, 85th Leg., R.S., Ch. 320 (S.B. 2190), Sec. 1.07, eff. July 1, 2017. Acts 2017, 85th Leg., R.S., Ch. 320 (S.B. 2190), Sec. 1.08, eff. July 1, 2017. Acts 2017, 85th Leg., R.S., Ch. 320 (S.B. 2190), Sec. 1.09, eff. July 1, 2017. Acts 2017, 85th Leg., R.S., Ch. 320 (S.B. 2190), Sec. 1.10, eff. July 1, 2017. Acts 2017, 85th Leg., R.S., Ch. 320 (S.B. 2190), Sec. 1.11, eff. July 1, 2017. Acts 2017, 85th Leg., R.S., Ch.320 ( S.B. 2190), Sec. 1.12, eff. July 1, 2017. Acts 2017, 85th Leg., R.S., Ch. 320 (S.B. 2190), Sec. 1.13, eff. July 1, 2017. Acts 2017, 85th Leg., R.S., Ch. 320 (S.B. 2190), Sec. 1.14, eff. July 1, 2017. Acts 2017, 85th Leg., R.S., Ch. 320 (S.B. 2190), Sec. 1.15, eff. July 1, 2017. Acts 2017, 85th Leg., R.S., Ch. 320 (S.B. 2190), Sec. 1.16, eff. July 1, 2017. Acts 2025, 89th Leg., R.S., Ch. 599 (H.B. 2688), Sec. 1.01, eff. September 1, 2025. Acts 2025, 89th Leg., R.S., Ch. 599 (H.B. 2688), Sec. 1.02, eff. September 1, 2025. Acts 2025, 89th Leg., R.S., Ch. 599 (H.B. 2688), Sec. 1.03, eff. September 1, 2025. Acts 2025, 89th Leg., R.S., Ch. 599 (H.B. 2688), Sec. 1.04, eff. September 1, 2025. Acts 2025, 89th Leg., R.S., Ch. 599 (H.B. 2688), Sec. 1.05, eff. September 1, 2025. Acts 2025, 89th Leg., R.S., Ch. 599 (H.B. 2688), Sec. 1.06, eff. September 1, 2025. Acts 2025, 89th Leg., R.S., Ch. 599 (H.B. 2688), Sec. 1.07, eff. September 1, 2025. Acts 2025, 89th Leg., R.S., Ch. 599 (H.B. 2688), Sec. 1.08, eff. September 1, 2025. Acts 2025, 89th Leg., R.S., Ch. 599 (H.B. 2688), Sec. 1.09, eff. September 1, 2025.