34 Tex. Admin. Code § 27.10

Current through Reg. 49, No. 45; November 8, 2024

Section 27.10 - Forfeitures May Not Increase Benefits

Forfeitures resulting from a termination of a right to benefits as described in § 27.5 of this title (relating to Termination of Right to Benefits) may not be used to increase benefits to remaining members. This section shall not preclude an increase in benefits by amendment to the benefit formula of the plan made possible by favorable investment results or for any other reason.

34 Tex. Admin. Code § 27.10

The provisions of this §27.10 adopted to be effective June 1, 1995, 20 TexReg 3734.