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PENSION PLAN GUIDE - afrs.org

PENSION plan GUIDE GOVERNING PENSION LAW In 1937 an Act of the 45th Texas State Legislature founded a statewide network for firefighter PENSION plans under Article 6243e, Vernon s Texas Civil Statutes. The Austin firefighters joined this group in 1942 which officially established the Austin Fire Fighters Relief and Retirement Fund. In 1975 a PENSION bill was passed during the 64th Texas State Legislature which created the current governing statute that pertains only to the Austin firefighters PENSION plan under Article , Vernon s Texas Civil Statutes. The PENSION plan currently provides retirement, disability, death, and survivor benefits to over 1,800 active and retired participants and their beneficiaries.

Currently there are a total of 8 draws allowed while the retiree’s DROP account balance remains in the pension plan. The number of draws can be set by pension board policy as determined feasible.

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