Sec. 5.07. OUTSIDE INCOME PENSION REDUCTION. (a) The board shall require each disability retiree retiring after August 29, 1979, to provide the board annually not later than May 1 of each year with a true and complete copy of the retiree's income tax return for the previous year, except for a retiree who is 65 years of age or older as of December 31 of the previous year.
(b) If the retiree received income from other employment, including self-employment, during the preceding year, the board may reduce the retiree's disability retirement annuity by the amount of $1 for each month for each $2 of income earned by the retiree from the other employment during each month of the previous year, except that the disability retirement annuity may not be decreased below the amount determined under Section 5.05(c) of this Act.
Structure Texas Statutes
Article 6243o. Police and Fire Fighter Retirement System in Municipalities of 750,000 to 1,000,000
Section 5.01. Retirement Benefits
Section 5.015. Backward Deferred Retirement Option Plan (Back Drop)
Section 5.02. Retirement Benefits After Cessation of Membership
Section 5.03. Eligibility for Disability Retirement
Section 5.04. Disability Retirement Benefits
Section 5.05. Medical Reexamination and Reduction of Disability Retirement Benefits
Section 5.06. Removal of Disability and Waiver on Reinstatement
Section 5.07. Outside Income Pension Reduction
Section 5.08. Reasonable Accommodation
Section 5.09. Cost-of-Living Increases
Section 5.10. Coordination With Federal Law