Texas Administrative Code
Title 34 - PUBLIC FINANCE
Part 5 - TEXAS COUNTY AND DISTRICT RETIREMENT SYSTEM
Chapter 111 - TERMINATION OF PARTICIPATION: SUBDIVISIONS
Section 111.3 - Notices-Voluntary Termination
Current through Reg. 49, No. 12; March 22, 2024
(a) In the case of a voluntary termination under § 842.052, Government Code, the subdivision must provide to the system at least 12 days advance written notice of the date, hour and place of the meeting at which the subject of the termination of participation in TCDRS will be considered by the subdivision's governing body.
(b) The system will provide written notice of the subdivision's consideration of the termination of its participation in the retirement system to each member and annuitant of the subdivision by first class mail to the person's most recent address of record with the system. The notice will be a summary of the process and the general effect of plan termination, and will include the date, hour and place of the meeting as provided by the subdivision to the system under subsection (a) of this section.
(c) Copies of the notice described in subsection (b) of this section will be provided to the subdivision for posting in one or more conspicuous places readily accessible to its workforce and in a manner where the notice is likely to be seen. In lieu of posting, the subdivision may have notices personally distributed to its employees.
(d) The subdivision must post or distribute the notice described in subsection (b) of this section no later than the time that the subdivision posts notice of the date, hour, place, and agenda of the meeting at which the subject of the termination of participation in TCDRS is to be considered, but in no event less than 72 hours before such meeting.
