Sec. 8.11. EFFECT OF SYSTEM TERMINATION ON CONTRIBUTIONS. If the police retirement system is terminated, further contributions may not be made by the city or the system, and further deposits may not be made by the members for service after the date of termination. Members do not accrue any additional benefits after the date of termination. The benefit accrued by each member on the termination of the plan or the complete discontinuance of contributions under the plan and the benefit of any affected member on the partial termination of the plan, to the extent funded, become nonforfeitable notwithstanding the length of a member's service. The benefit accrued by a member also becomes nonforfeitable, if not already nonforfeitable, at the normal retirement date.
Structure Texas Statutes
Article 6243n-1. Police Officers Retirement System in Municipalities of 460,000 to 500,000
Section 8.01. Member Contributions
Section 8.02. City Contributions
Section 8.03. Initial Risk Sharing Valuation Study
Section 8.04. Subsequent Risk Sharing Valuation Studies
Section 8.05. Adjustment to City Contribution Rate if Lower Than Corridor Midpoint
Section 8.06. Adjustment to City Contribution Rate if Equal to or Greater Than Corridor Midpoint
Section 8.07. Additional City Contributions for Proportionate Retirement Program Participation
Section 8.08. Publication of Changes to Contribution Rates
Section 8.10. Payment of Contributions
Section 8.11. Effect of System Termination on Contributions