Sec. 10. NONSTATUTORY BENEFIT INCREASES. The benefits provided by this article may be increased if:
(1) an actuary selected by the board who, if an individual, is a Fellow of the Society of Actuaries, a Fellow of the Conference of Actuaries in Public Practice, or a member of the American Academy of Actuaries determines that the increase cannot reasonably be viewed as posing a material risk of jeopardizing the fund's ability to pay any existing benefit;
(2) a majority of the participating members of the fund vote for the increase by a secret ballot;
(3) the increase does not deprive a member, without the member's written consent, of a right to receive benefits that have already become fully vested and matured in a member; and
(4) the State Pension Review Board approves the determination by the actuary selected by the board that the increase cannot reasonably be viewed as posing a material risk of jeopardizing the fund's ability to pay any existing benefit.
Structure Texas Statutes
Section 1A. Interpretation of Article
Section 1C. Alternative Retirement Plans
Section 1D. Requirements for Certain Cash Balance Retirement Plans
Section 2. Fund and Board of Trustees
Section 2A. Qualifications of Municipal Actuary
Section 2B. Report on Investments by Independent Investment Consultant
Section 3. Other Powers of the Board
Section 3A. Certain Alterations by Local Agreement
Section 4. Service Pension Benefits
Section 5. Deferred Retirement Option Plan
Section 5A. Post-Retirement Option Plan
Section 6. Disability Pension Benefits
Section 8. Deferred Pension at Age 50; Refund of Contributions
Section 9. Proof of Continued Disability
Section 10. Nonstatutory Benefit Increases
Section 10A. Annual Supplemental Benefit for Certain Retired Members and Eligible Survivors
Section 10B. Additional Lump-Sum Retirement or Death Benefit
Section 11. General Provisions for Calculation and Payment of Benefits
Section 12. Appeals of Benefit Decisions
Section 13. Membership and Member Contributions
Section 13A. Municipal Contributions
Section 13B. Risk Sharing Valuation Studies
Section 13C. Initial Risk Sharing Valuation Studies; Corridor Midpoint
Section 13D. Actuarial Experience Studies
Section 13H. State Pension Review Board; Report
Section 14. Internal Revenue Code Limitations
Section 15. Exemption of Benefits From Judicial Process
Section 16. Service Credit for Members Previously Members of Similar Funds
Section 17. Confidentiality of Information About Members or Beneficiaries