Definición de Fondo de Pensiones Públicas en Texas

Sec. 107.002. 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 Statute text rendered on: 1/18/2025 - 330 - LOCAL GOVERNMENT CODE life insurance company or for which the only funding agency is a life insurance company. Added by Acts 2003, 78th Leg., ch. 1271, Sec. 1, eff. Sept. 1, 2003.