| (a) A notification to the associated governmental entity
under Texas Government Code §802.2015(c) or §802.2016(c)
regarding an actuarial valuation that indicates the public retirement
system's actual contributions are not sufficient to amortize the unfunded
liability within 30 years, means that the financing of the system
is inadequate for the purposes of §802.106(d), Texas Government
Code.
(b) The disclosure to members of an actuarial determination
of an inadequate financing arrangement required under Texas Government
Code §802.106(d) shall be accompanied by a notice that the system
is subject to the funding soundness restoration plan requirement under
Texas Government Code §802.2015(c) or §802.2016(c) when
a system becomes subject to the requirement.
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