Section 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. 8/30/1971.