Pursuant to the authority of the board of trustees to act under the Act, and in accordance with the amendments to Section 415 of the Internal Revenue Code as set forth in Public Law 104-188, the annual benefit payable under the shall not be reduced under §854.007 of the Act except in conformity with those limitations on the payment of benefits set forth in the Internal Revenue Code as that Code applies from time to time to the Texas Municipal Retirement System.

Source Note:The provisions of this §127.3 adopted to be effective January 22, 2001, 26 TexReg 983.