Section 107.002 - Definition of "Public Pension Fund." in This Chapter, "Public Pension Fund"DEFINITION OF "PUBLIC PENSION FUND." In this chapter, "public pension fund":
(1) means a continuing, organized program or plan of service retirement, disability retirement, or death benefits for officers or employees of a municipality;(2) includes a plan qualified under Section 401(a), Internal Revenue Code of 1986, as amended; and(3) does not include: (A) a program that provides only workers' compensation benefits;(B) a program administered by the federal government;(C) a plan described by Section 401(d), Internal Revenue Code of 1986, as amended;(D) an individual retirement account consisting of an annuity contract described by Section 403(b), Internal Revenue Code of 1986, as amended;(E) an individual retirement account as defined by Section 408(a), Internal Revenue Code of 1986, as amended;(F) an individual retirement annuity as defined by Section 408(b), Internal Revenue Code of 1986, as amended;(G) an eligible deferred compensation plan as defined by Section 457(b), Internal Revenue Code of 1986, as amended; or(H) a program for which benefits are administered by a life insurance company or for which the only funding agency is a life insurance company.Tex. Loc. Gov't. Code § 107.002
Added by Acts 2003, 78th Leg., ch. 1271, Sec. 1, eff. 9/1/2003.