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SB 390, 54th Regular Session
Relating to authorizing and empowering navigation districts heretofore or hereafter organized to provide for and administer a retirement, disability and death compensation fund for officers and employees of the district; providing for the investment, reinvestment and change of investment of such funds; authorizing the Commissioners of said district to adopt a plan or plans for effectuating the purpose of this Act, to provide rules and regulations governing all such compensation and from time to time to change any such plan, rule or regulation; and providing that the recipients or benefits of such fund shall not be eligible for any other pension retirement fund or direct aid from the State of Texas, unless the fund created hereunder is released to the State as a condition precedent to receiving such other aid.

Author: Rogers Kelley

Session Law Chapter:
Acts 1955, 54th R.S.,ch. 252, General and Special Laws of Texas

Subjects:
Retirement Systems--General
Special Districts & Authorities--Navigation & Ports

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