Section 610.21 - Completion of a Legacy Funding Soundness Restoration Plan(a) A public retirement system adhering to a legacy funding soundness restoration plan may continue following that plan until the earlier of:(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.40 Tex. Admin. Code § 610.21
Adopted by Texas Register, Volume 47, Number 42, October 21, 2022, TexReg 7068, eff. 10/26/2022