Texas § GV.855.205 - ACTUARY
Full text of Texas The Texas Constitution § GV.855.205 — ACTUARY, with citation guidance and answers to common questions.
§ GV.855.205. ACTUARY
ACTUARY. (a) The board of trustees shall appoint an actuary. (b) The actuary shall perform duties in connection with advising the board concerning operation of the retirement system's funds. (c) At least once every five years the actuary shall: (1) make a general investigation of the mortality and service experience of the members and annuitants of the retirement system; and (2) on the basis of the results of the investigation, recommend for adoption by the board tables and rates that are required. (d) On the basis of rates and tables adopted by the board, the actuary shall: (1) annually compute the normal contribution rate for each participating municipality; (2) annually compute the prior service contribution rate for each participating municipality; (3) compute the supplemental death benefits rate and the supplemental disability benefits rate for each participating municipality; and (4) make an annual valuation of the assets and liabilities of the funds of the retirement system. Acts 1981, 67th Leg., p. 1876, ch. 453, Sec. 1, eff. Sept. 1, 1981. Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 65.205 and amended by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989. Amended by Acts 1999, 76th Leg., ch. 83, Sec. 16, eff. Dec. 31, 1999. Amended by: Acts 2009, 81st Leg., R.S., Ch. 154 (H.B. 360 ), Sec. 3, eff. May 26, 2009.
Frequently Asked Questions About Texas § GV.855.205
What does The Texas Constitution § GV.855.205 cover?
Section GV.855.205 ("ACTUARY") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § GV.855.205?
A common citation format is "The Texas Constitution § GV.855.205" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § GV.855.205 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.