Sec. 864.0135. OPTIONAL ANNUITY INCREASE OR SUPPLEMENTAL PAYMENTS. (a) The state board by rule may authorize the governing body of a participating department to:
(1) make one or more supplemental payments to its retirees and beneficiaries of the pension system; or
(2) provide an increase in the amount of annuities paid to retirees and beneficiaries of the pension system.
(b) The governing body of a participating department that elects an option under a rule adopted under this section shall fund all increased benefits that are provided to its retirees and beneficiaries of the pension system under the option.
Added by Acts 2007, 80th Leg., R.S., Ch. 321 (H.B. 2400), Sec. 7, eff. September 1, 2007.
Amended by:
Acts 2019, 86th Leg., R.S., Ch. 1165 (H.B. 3247), Sec. 21, eff. September 1, 2019.
Structure Texas Statutes
Title 8 - Public Retirement Systems
Subtitle H - Texas Emergency Services Retirement System
Section 864.001. Eligibility for Service Retirement Annuity
Section 864.002. Service Retirement Annuity
Section 864.004. Temporary Disability Retirement Benefits
Section 864.005. Certification and Continuance of Disability
Section 864.0051. Continuing Disability Retirement Benefits
Section 864.006. Member Service Death Benefits
Section 864.007. Member Nonservice Death Benefit
Section 864.009. Retiree Death Benefit Annuity
Section 864.011. First Payment of Retirement or Death Benefit Annuity
Section 864.012. Certain Beneficiaries
Section 864.013. Cost-of-Living Increase
Section 864.0135. Optional Annuity Increase or Supplemental Payments
Section 864.014. State Board Authority for Lump-Sum Payments
Section 864.015. Beneficiary Causing Death of Member or Retiree