Sec. 8.13. SYSTEM ASSETS. The assets of the police retirement system shall be held in trust for the exclusive benefit of the members and their beneficiaries. The corpus or income may not be used for or diverted to a purpose other than the exclusive benefit of members or their beneficiaries, whether by operation or natural termination of the system, by power of revocation or amendment, by the happening of a contingency, by collateral arrangement, or by other means.
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