Sec. 60.011.  CREATION OF RETIREMENT, DISABILITY, AND DEATH COMPENSATION FUND.  (a)  The commission of any district created under this code or by special law may provide for and administer a retirement, disability, and death compensation fund for district officers and employees and may adopt plans to effectuate this purpose.
(b)  The plans may include forms of insurance or annuities, or a combination of both, which the commission considers advisable.
(c)  After notice to employees and a hearing, the commission may change the plan or any rule or regulation.
Acts 1971, 62nd Leg., p. 110, ch. 58, Sec. 1, eff. Aug. 30, 1971.