Texas § 855.205 ACTUARY.

Texas Statutes

§ 855.205 — ACTUARY.

Texas § 855.205

Code GVGovernment Code

This text of Texas § 855.205 (ACTUARY.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Government Code Code Ann. § 855.205 (2026).

Text

Sec. 855.205. ACTUARY.

(a)The board of trustees shall appoint an actuary.

(b)The actuary shall perform duties in connection with advising the board concerning operation of the retirement system's funds.

(c)At least once every five years the actuary shall:

(1)make a general investigation of the mortality and service experience of the members and annuitants of the retirement system; and

(2)on the basis of the results of the investigation, recommend for adoption by the board tables and rates that are required.

(d)On the basis of rates and tables adopted by the board, the actuary shall:

(1)annually compute the normal contribution rate for each participating municipality;

(2)annually compute the prior service contribution rate for each participating municipality;

(3)compute the supplem

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 855.205. ACTUARY. (a) The board of trustees shall appoint an actuary.
(b) The actuary shall perform duties in connection with advising the board concerning operation of the retirement system's funds.
(c) At least once every five years the actuary shall:
(1) make a general investigation of the mortality and service experience of the members and annuitants of the retirement system; and
(2) on the basis of the results of the investigation, recommend for adoption by the board tables and rates that are required.
(d) On the basis of rates and tables adopted by the board, the actuary shall:
(1) annually compute the normal contribution rate for each participating municipality;
(2) annually compute the prior service contribution rate for each participating municipality;
(3) compute the supplemental death benefits rate and the supplemental disability benefits rate for each participating municipality; and
(4) make an annual valuation of the assets and liabilities of the funds of the retirement system.

Legislative History

Acts 1981, 67th Leg., p. 1876, ch. 453, Sec. 1, eff. Sept. 1, 1981. Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 65.205 and amended by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989. Amended by Acts 1999, 76th Leg., ch. 83, Sec. 16, eff. Dec. 31, 1999. Amended by: Acts 2009, 81st Leg., R.S., Ch. 154 (H.B. 360 ), Sec. 3, eff. May 26, 2009.