Sec. 9.03. LIMITATION ON PAYMENT OF BENEFITS. (a) If the amount of any benefit payment under this Act would exceed the limitations provided by Section 415 of the Internal Revenue Code of 1986, and the regulations adopted under that section, the board of trustees shall reduce the amount of the benefit as needed to comply with that section.
(b) A person's vested accrued benefit in effect on September 1, 1995, may not be reduced under this section.
Structure Texas Statutes
Article 6243e.1. Firefighters Relief and Retirement Fund in Cities of 450,000 to 500,000
Article 9. Miscellaneous Provisions Regarding Benefits
Section 9.01. Time for Payment to Retired Members
Section 9.02. Time for Payment to Survivors; Payment to Estate
Section 9.03. Limitation on Payment of Benefits
Section 9.04. Cost-of-Living Adjustment; Other Adjustments
Section 9.06. Withdrawal of Contributions
Section 9.07. Escheat of Contributions
Section 9.08. Insufficient Funds; Prorated Reduction in Benefits