Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 855.405 - Municipality Normal Contribution Each participating municipality shall pay to the benefit accumulation fund, as its normal contribution, an amount equal to a percentage of the compensation of members employed by the municipality for that month. The rate of contribution is the normal contribution rate determined annually by the actuary and approved by the board of trustees.
Tex. Gov't. Code § 855.405
Amended By Acts 2011, 82nd Leg., R.S., Ch. 1208, Sec. 33, eff. 6/17/2011.Amended by Acts 1981, 67th Leg., 1st C.S., p. 233, ch. 18, Sec. 106, eff. 1/1/1982. Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 65.405 by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. 9/1/1989. Acts 1981, 67th Leg., p. 1876, ch. 453, Sec. 1, eff. 9/1/1981.