(a) A notification
to the associated governmental entity under Texas Government Code §
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 §
Texas Government Code.
disclosure to members of an actuarial determination of an inadequate financing
arrangement required under Texas Government Code §
shall be accompanied by a notice that the system is subject to the funding
soundness restoration plan requirement under Texas Government Code §
when a system becomes subject to the requirement.
Tex. Admin. Code §
Register, Volume 47, Number 42, October 21, 2022, TexReg