SECTION 610.22. Application of Revised Funding Soundness Restoration Plan Exemption

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(a) A public retirement system's actuarial valuation must be dated after September 1, 2025, to qualify for the revision exemption under Texas Government Code §802.2015(d-1)(1) or §802.2016(d-1)(1).
(b) The revision exemption does not apply to a system adhering to a legacy funding soundness restoration plan before the date prescribed by §610.21 of this chapter (relating to Completion of a Legacy Funding Soundness Restoration Plan).

Source Note: The provisions of this §610.22 adopted to be effective October 26, 2022, 47 TexReg 7068

                    
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