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TITLE 34 | PUBLIC FINANCE |
PART 6 | TEXAS MUNICIPAL RETIREMENT SYSTEM |
CHAPTER 125 | ACTIONS OF PARTICIPATING MUNICIPALITIES |
RULE §125.3 | Effect of Adopting Composite Participating Due |
A city which elects to adopt a composite participating date will be treated as if a single department for determining amortization periods and normal and prior service contribution rates; but accumulated prior service credits will be based on actual participating dates and periods of current service. |
Source Note: The provisions of this §125.3 adopted to be effective April 25, 2021, 46 TexReg 2587 |