AI-assisted research summary: The retirement system must deposit specified money into the supplemental retirement fund, the comptroller must deposit certain collected fees into the fund, and the retirement system may use fund money only for stated benefits and administration.
Sec. 815.317. LAW ENFORCEMENT AND CUSTODIAL OFFICER SUPPLEMENTAL RETIREMENT FUND. (a) The retirement system shall deposit in the law enforcement and custodial officer supplemental retirement fund state contributions and other appropriations made by the legislature to the fund and proceeds from investment of the fund. (a-1) The comptroller shall deposit fees collected under Section 133.102(e)(7), Local Government Code, to the credit of the law enforcement and custodial officer supplemental retirement fund. (b) The retirement system may use money from the fund only to pay supplemental retirement and death benefits to law enforcement and custodial officers as provided by this subtitle and to pay for the administration of the fund. (c) Money appropriated to pay benefits from the fund as provided by this subtitle may not be diverted or used to pay any other benefits. (d) Member contributions to the fund deducted under Section 815.402(h) or 820.101(b), as applicable: (1) earn interest at the same rate as money in an individual account in the employees saving account under Section 815.311; and (2) are subject to the same computations and limitations that apply to member contributions under Section 815.311. Acts 1981, 67th Leg., p. 1876, ch. 453, Sec. 1, eff. Sept. 1, 1981. Amended by Acts 1983, 68th Leg., p. 1977, ch. 360, Sec. 2, eff. Sept. 1, 1983. Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 25.313 and amended by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989. Amended by Acts 1991, 72nd Leg., ch. 797, Sec. 4, eff. June 16, 1991; Acts 1993, 73rd Leg., ch. 791, Sec. 19, eff. Sept. 1, 1993. Amended by: Acts 2011, 82nd Leg., R.S., Ch. 1249 (S.B. 1664), Sec. 13(a), eff. September 1, 2013. Acts 2013, 83rd Leg., R.S., Ch. 618 (S.B. 1459), Sec. 14, eff. September 1, 2013. Acts 2021, 87th Leg., R.S., Ch. 940 (S.B. 321), Sec. 14, eff. September 1, 2021.