Sec. 8. DEPLETION OF FUND; REDUCTION OF BENEFITS. In the event the Pension System Fund becomes seriously depleted, in the opinion of the Pension Board, said Pension Board may proportionately and temporarily reduce the benefits of all pensioners and beneficiaries, but such reduction of benefits shall continue only for such time as such depleted condition continues to exist, and after such time of depletion has ceased to exist and the Pension Board finds said Pension System Fund is in condition to warrant, it shall thereafter restore the benefits and resume payment of all pensioners and beneficiaries as though such preceding reductions had not occurred.
Structure Texas Statutes
Article 6243j. Police Officers' Pension System in Cities of 50,000 to 400,000
Section 6. Payments by Members
Section 7. Payments Into Fund by City
Section 8. Depletion of Fund; Reduction of Benefits
Section 9. Investment of Surplus
Section 10. Transfer of Pro Rata Share of Existing Fund
Section 11. Retirement Pension
Section 12. Pensions to Widow and Dependents
Section 13. Death From Natural Causes or Causes Not Covered
Section 14. Retirement for Disability
Section 15. Computation of Period of Service
Section 16. Leaving Employment Before Becoming Eligible
Section 17. Transfers From Other City Departments
Section 18. Gifts and Donations
Section 20. Exemption From Legal Process; Assignment or Transfer
Section 23. Partial Invalidity
Section 24. Former Employees Now Receiving Pension