Sec. 21.103.  COMPULSORY RETIREMENT PERMITTED FOR CERTAIN EMPLOYEES.  This chapter does not prohibit the compulsory retirement of an employee who is:
(1)  at least 65 years of age;
(2)  employed in a bona fide executive or high policy-making position for the two years preceding retirement;  and
(3)  entitled to an immediate, nonforfeitable annual retirement benefit from a pension, profit-sharing, savings, or deferred compensation plan or a combination of plans of the employee's employer that equals, in the aggregate, at least $27,000.
Acts 1993, 73rd Leg., ch. 269, Sec. 1, eff. Sept. 1, 1993.