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Texas Special District Local Laws Code

§ 1010.061 — RETIREMENT, DISABILITY, AND DEATH COMPENSATION FUND

SD § 1010.061Title 3. HEALTH · Part A. HOSPITAL DISTRICTS · Ch. 1010. BURLESON COUNTY HOSPITAL DISTRICT · Art. B. DISTRICT ADMINISTRATION

Statute text

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(a)The board may:
(1)provide for and administer a retirement, disability, and death compensation fund for district officers and employees; and
(2)adopt a plan to effectuate the purpose of this section, including the forms of insurance and annuities that the board considers advisable.
(b)The board may change a plan or rule after notice to the employees and a hearing.
(c)As the board considers advisable, the board may invest money provided:
(1)from the compensation of officers and employees participating in the fund and plan authorized by this section; and

Legislative history

Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.02, eff. April 1, 2009.

Source: Texas Special District Local Laws Code § 1010.061 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.