Texas § 855.601 STATEMENT OF AMOUNT IN ACCOUNT.

Texas Statutes

§ 855.601 — STATEMENT OF AMOUNT IN ACCOUNT.

Texas § 855.601

Code GVGovernment Code

This text of Texas § 855.601 (STATEMENT OF AMOUNT IN ACCOUNT.) 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. § 855.601 (2026).

Text

Sec. 855.601. STATEMENT OF AMOUNT IN ACCOUNT.

(a)As soon as possible after the end of each calendar year, the board of trustees shall send to the governing body of each municipality and to each requesting member an annual statement that contains:

(1)a balance sheet showing the financial and actuarial condition of the retirement system on December 31 of that year;

(2)a statement showing the receipts and disbursements made during the calendar year;

(3)a statement showing changes in the asset, liability, reserve, and surplus accounts during the calendar year; and

(4)additional statistics necessary for proper interpretation of the condition of the retirement system.

(b)The board of trustees shall furnish to a member, on written request, a statement of the amount credited to the member's

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

Sec. 855.601. STATEMENT OF AMOUNT IN ACCOUNT. (a) As soon as possible after the end of each calendar year, the board of trustees shall send to the governing body of each municipality and to each requesting member an annual statement that contains:
(1) a balance sheet showing the financial and actuarial condition of the retirement system on December 31 of that year;
(2) a statement showing the receipts and disbursements made during the calendar year;
(3) a statement showing changes in the asset, liability, reserve, and surplus accounts during the calendar year; and
(4) additional statistics necessary for proper interpretation of the condition of the retirement system.
(b) The board of trustees shall furnish to a member, on written request, a statement of the amount credited to the member's individual account. During a calendar year, the board is not required to furnish to a member more than one statement requested under this subsection.

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. 65.601 by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989.