Sec. 107.002. DEFINITION OF "PUBLIC PENSION FUND."

In this chapter, "public pension fund":

1. (1) means a continuing, organized program or plan of service retirement, disability retirement, or death benefits for officers or employees of a municipality;
2. (2) includes a plan qualified under Section 401(a), Internal Revenue Code of 1986, as amended; and

3. (3) does not include:

   1. (A) a program that provides only workers' compensation benefits;
   2. (B) a program administered by the federal government;
   3. (C) a plan described by Section 401(d), Internal Revenue Code of 1986, as amended;
   4. (D) an individual retirement account consisting of an annuity contract described by Section 403(b), Internal Revenue Code of 1986, as amended;
   5. (E) an individual retirement account as defined by Section 408(a), Internal Revenue Code of 1986, as amended;
   6. (F) an individual retirement annuity as defined by Section 408(b), Internal Revenue Code of 1986, as amended;
   7. (G) an eligible deferred compensation plan as defined by Section 457(b), Internal Revenue Code of 1986, as amended; or
   8. (H) a program for which benefits are administered by a 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.