| (a) A public retirement system adhering to a legacy
funding soundness restoration plan may continue following that plan
until the earlier of:
(1) the target date; or,
(2) the date of an actuarial valuation that indicates
the system's funding period is at or below 30 years.
(b) actuarial valuations with valuation dates during
a time that a system is adhering to a legacy funding soundness restoration
plan shall not be counted towards triggering a funding soundness restoration
plan under Texas Government Code §802.2015(c) or §802.2016(c)
as it stands after September 1, 2021, until after the applicable date
described in subsection (a) of this section when the system completes
the legacy funding soundness restoration plan.
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