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Texas Statutes (Last Updated: January 4, 2014) |
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GOVERNMENT CODE |
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Title 10. GENERAL GOVERNMENT |
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Subtitle F. STATE AND LOCAL CONTRACTS AND FUND MANAGEMENT |
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Chapter 2266. FINANCIAL ACCOUNTING AND REPORTING |
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Subchapter C. OTHER POSTEMPLOYMENT BENEFITS |
Sec. 2266.103. COMMUNICATION OF STATE SYSTEM'S OBLIGATIONS TO PROVIDE OTHER POSTEMPLOYMENT BENEFITS
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(a) In this section, "member" means a person to whom a state system provides, or has promised to provide, other postemployment benefits, including:
(1) a retiree, annuitant, or employee; or
(2) a spouse, surviving spouse, or other dependent.
(b) A state system shall fully disclose to its members that the system is not obligated to provide benefits beyond existing statutory, constitutional, or other legal requirements. This includes requirements that limit the duration for which benefits are legally obligated such as Section 6, Article VIII, Texas Constitution, which limits appropriations to two years or less, and other requirements that limit expenditures to one year or less or some other term.
(c) A state system shall inform its members about the extent of the system's commitments regarding other postemployment benefits, including whether the other postemployment benefits are limited by funding obligations or whether the funding obligations extend throughout the life of the member.
(d) A state system shall disclose on the entity's website the information required by this section.
(e) Other governmental entities of this state or its political subdivisions may comply with this section.