Sec. 25. OTHER EXPENSES. (a) Except as provided by Subsection (b) of this section, a board of trustees established under this Act may pay from assets of the fund all costs reasonably and lawfully incurred by the retirement system and the costs of actual expenses incurred by board members in the performance of their duties on the board. A member of the board may not receive compensation for service on the board.
(b) The annual amount of payments from a fund under this section, excluding legal and medical fees, may not exceed:
(1) 1 percent of the market value of the assets of the fund for the first $1 million in market value; and
(2) 1/4 of 1 percent of the market value of the assets of the fund that exceeds $1 million.
Structure Texas Statutes
Article 6243e. Texas Local Fire Fighters Retirement Act
Section 4. Retirement System and Trust Fund
Section 5. Exemption From Judicial Process
Section 7. Modification of Benefits and Eligibility
Section 8. Recovery of Amounts Wrongfully Obtained
Section 11. Previous Fire Department Service
Section 12. Service Retirement
Section 14. Disability Retirement
Section 16. Reduction of Benefits During Deficiency
Section 17. Person Causing Death of Member or Annuitant
Section 18. Provisions Applicable to Boards of Trustees Generally
Section 18B. Technical Assistance, Training, and Information for Boards of Trustees
Section 19. Board of Trustees for Paid or Part-Paid Fire Department
Section 20. Board of Trustees for Volunteer Fire Department
Section 22. Appeals From Local Board Decisions
Section 24. Certified Public Accountant
Section 26. Gifts Accepted From Any Source
Section 27. Investment of Assets
Section 28. Investment Manager and Counseling Service
Section 30. Pick Up of Employee Contributions
Section 31. Termination of Participation in Act
Section 31A. Authority of Certain Retirement Systems to Exclude Certain Persons From Coverage
Section 32. Confidentiality of Information About Members, Retirees, Annuitants, or Beneficiaries