Texas Statutes
Article 6243e.2(1). Firefighters' Relief and Retirement Fund in Municipalities of at Least 1,600,000 Population
Section 2A. Qualifications of Municipal Actuary

Sec. 2A. QUALIFICATIONS OF MUNICIPAL ACTUARY. (a) An actuary hired by the municipality for purposes of this article must be an actuary from a professional service firm who:
(1) is not already engaged by the fund or any other pension system authorized under Article 6243g-4, Revised Statutes, or Chapter 88 (H.B. 1573), Acts of the 77th Legislature, Regular Session, 2001 (Article 6243h, Vernon's Texas Civil Statutes), to provide actuarial services to the fund or pension system, as applicable;
(2) has a minimum of 10 years of professional actuarial experience; and
(3) is a fellow of the Society of Actuaries or a member of the American Academy of Actuaries and who, in carrying out duties for the municipality, has met the applicable requirements to issue statements of actuarial opinion.
(b) Notwithstanding Subsection (a) of this section, the municipal actuary does not need to meet any greater qualifications than those required by the board for the fund actuary.

Structure Texas Statutes

Texas Statutes

Vernon's Civil Statutes

Title 109 - Pensions

Article 6243e.2(1). Firefighters' Relief and Retirement Fund in Municipalities of at Least 1,600,000 Population

Section 1. Definitions

Section 1A. Interpretation of Article

Section 1B. Fiscal Year

Section 1C. Alternative Retirement Plans

Section 1D. Requirements for Certain Cash Balance Retirement Plans

Section 1E. Conflict of Law

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 7. Death 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 13E. Municipal Contribution Rate When Estimated Municipal Contribution Rate Lower Than Corridor Midpoint; Authorization for Certain Adjustments

Section 13F. Municipal Contribution Rate When Estimated Municipal Contribution Rate Equal to or Greater Than Corridor Midpoint; Authorization for Certain Adjustments

Section 13G. Interpretation of Certain Risk Sharing Provisions; Unilateral Decisions and Actions Prohibited

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

Section 18. Proportional Retirement Program