Texas Statutes (Last Updated: January 4, 2014) |
WATER CODE |
Title 4. GENERAL LAW DISTRICTS |
Chapter 60. NAVIGATION DISTRICTS--GENERAL PROVISIONS |
Subchapter B. RETIREMENT, DISABILITY, AND DEATH COMPENSATION FUND |
Sec. 60.011. CREATION OF RETIREMENT, DISABILITY, AND DEATH COMPENSATION FUND
Latest version.
-
(a) The commission of any district created under this code or by special law may provide for and administer a retirement, disability, and death compensation fund for district officers and employees and may adopt plans to effectuate this purpose.
(b) The plans may include forms of insurance or annuities, or a combination of both, which the commission considers advisable.
(c) After notice to employees and a hearing, the commission may change the plan or any rule or regulation.
Acts 1971, 62nd Leg., p. 110, ch. 58, Sec. 1, eff. Aug. 30, 1971.