Part 5. TEXAS COUNTY AND DISTRICT RETIREMENT SYSTEM
Chapter 101. PRACTICE AND PROCEDURE REGARDING CLAIMS
The Texas County and District Retirement System adopts amendments to §101.8 and §101.10, concerning the reporting of retirement benefits approved by the director. The amendments are adopted without changes to the proposed text as published in the May 11, 2007, issue of the Texas Register (32 TexReg 2528).
The adopted amendments change the basis for reporting benefits to the board from an automatic action to an action based upon the request of the chairman or vice-chairman.
No comments were received regarding adoption of the amendments.
The amendments are adopted under the Government Code, §845.102, which provides the board of trustees of the Texas County and District Retirement System with the authority to adopt rules and perform reasonable activities necessary or desirable for the efficient administration of the system.
This agency hereby certifies that the adoption has been reviewed by legal counsel and found to be a valid exercise of the agency's legal authority.
Filed with the Office of the Secretary of State on June 22, 2007.
TRD-200702588
Tom Harrison
Deputy Director and General Counsel
Texas County and District Retirement System
Effective date: July 12, 2007
Proposal publication date: May 11, 2007
For further information, please call: (512) 637-3230
The Texas County and District Retirement System adopts an amendment to §107.4, concerning the amortization period for the funding of benefits by a subdivision participating under the Annually Determined Contribution Rate Plan. The amendment is adopted without changes to the proposed text as published in the May 11, 2007, issue of the Texas Register (32 TexReg 2529).
The adopted amendment changes the amortization period for an unfunded actuarial accrued liability from an open 20-year period to a closed 15-year period. The amortization period for an overfunded actuarial accrued liability remains unchanged as an open 30-year period.
No comments were received regarding adoption of the amendment.
The amendment is adopted under the Government Code, §844.703(f), which provides the board of trustees of the Texas County and District Retirement System with the authority to adopt amortization periods and establish criteria for renewing, extending, or shortening any closed period.
This agency hereby certifies that the adoption has been reviewed by legal counsel and found to be a valid exercise of the agency's legal authority.
Filed with the Office of the Secretary of State on June 22, 2007.
TRD-200702589
Tom Harrison
Deputy Director and General Counsel
Texas County and District Retirement System
Effective date: July 12, 2007
Proposal publication date: May 11, 2007
For further information, please call: (512) 637-3230