Section 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.Tex. Gov't. Code § 864.0135
Amended by Acts 2019, Texas Acts of the 86th Leg.- Regular Session, ch. 1165,Sec. 21, eff. 9/1/2019.Added by Acts 2007, 80th Leg., R.S., Ch. 321, Sec. 7, eff. 9/1/2007.