Sec. 19. MULTIPLE PENSIONS. (a) The pension board may authorize a member to make a one-time irrevocable election, on a date and in a manner established by the pension board, to cease to be a member of the pension system and, for future service only, to become a member of the retirement system governed by Article 6243e.2(1), Revised Statutes, or Article 6243g-4, Revised Statutes, or a successor statute to either of those laws, if the member:
(1) was a member of the pension system as authorized under Section 16B, Chapter 358, Acts of the 48th Legislature, Regular Session, 1943 (Article 6243g, Vernon's Texas Civil Statutes);
(2) is in a position covered by another retirement system to which the city contributes; and
(3) has not begun to receive payment of benefits from the pension system.
(b) A person who does not make an election to cease membership in the pension system under Subsection (a) of this section remains a member of the pension system as authorized under this Act.
(c) A person who makes an election to cease membership in the pension system is considered to have separated from service on the date of the election established by the pension board.
(d) Notwithstanding any other provision of this Act, duplication of any pension or benefit payable from the pension system and any pension or benefit payable under another defined benefit pension plan to which the city contributes is not permitted. Any pension or benefit payable to any person under another defined benefit pension plan, based on a period of service for which credited service is given under this Act, is deducted from the total pension or benefit otherwise payable to the participant under this Act, except that the pension or benefit may not be reduced to an amount less than the amount that would have been payable if the period of service had been excluded from service.
Structure Texas Statutes
Article 6243h. Municipal Pension System in Cities of 1,500,000 or More
Section 1A. Interpretation of Act
Section 1C. Alternative Retirement Plans
Section 1D. Requirements for Certain Cash Balance Retirement Plans
Section 2A. Conflicts of Interest
Section 2B. Pension System Actuary; Actuarial Valuations
Section 2C. Qualifications of City Actuary
Section 2D. Report on Investments by Independent Investment Consultant
Section 3. Additional Powers of Pension Board
Section 4. Ineligible Individuals
Section 5. Individuals Eligible for Membership
Section 6. Group C Membership, Service Requirements, and Benefits
Section 7. Service; Credited Service
Section 8. Member Contributions
Section 8A. City Contributions
Section 8B. Risk Sharing Valuation Studies
Section 8C. Initial Risk Sharing Valuation Studies; Corridor Midpoint and City Contribution Amounts
Section 8D. Actuarial Experience Studies
Section 8H. Unilateral Decisions and Actions Prohibited
Section 8I. State Pension Review Board; Report
Section 9. Contribution Refunds
Section 10. Normal Retirement Pension
Section 10A. Group D Member Hybrid Component
Section 11. Option-Eligible Participants
Section 12. Deferred Retirement Option Plan
Section 13. Disability Pensions
Section 14. Surviving Spouse and Dependent Child Monthly Allowance
Section 15. Increase in Benefits
Section 16. Lump-Sum Benefit Payment
Section 17. Termination of Employment; Death; Reemployment
Section 20. Service for Formerly Ineligible Employees
Section 21. Reduction of Benefits; Dissolution of System
Section 22. Exemption From Execution, Attachment, or Other Writ
Section 24. Excess Benefit Plan
Section 25. Employees on Retirement When Act Takes Effect
Section 26. Confidential Information
Section 28. Proportionate Retirement Program With Participating Retirement Systems