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EXHIBIT 10.60
 
Third Amendment to the
Weingarten Realty Retirement Plan
 
R E C I T A L S:
 
 
A.           WHEREAS, Weingarten Realty Investors (the “Employer”) has
previously established the Weingarten Realty Retirement Plan (the “Plan”) for
the benefit of those employees who qualify thereunder and for their
Beneficiaries; and
 
B.           WHEREAS, the Employer desires to amend the Plan as described
herein; and
 
C.           WHEREAS, the Employer has the power and authority to amend the Plan
pursuant to Section 16.1 of the Plan;
 
NOW, THEREFORE, pursuant to Section 16.1 of the Plan, the following amendment is
hereby made and shall be effective January 1, 2011:
 
1.           The first paragraph of Section 1.1(c) of the Plan is hereby
amended, as underlined, to be and read as follows:
 
 
(c)
The "Actuarial Equivalent" of a value means the actuarial equivalent determined
using the following factors (i) the table prescribed by the Secretary of the
Treasury, which shall be based on the prevailing commissioners' standard table,
described in Code Section 807(d)(5)(A), used to determine reserves for group
annuity contracts issued on the date as of which present value is being
determined (without regard to any other subparagraph of Code Section 807(d)(5))
and (ii) the annual rate of interest on 30-year Treasury securities for the
second calendar month preceding the Plan Year in which the distribution is
made.  Effective for distributions with an Annuity Starting Date on or after
December 31, 2002, the table described in (i) shall be the table set forth in
Revenue Ruling 2001-62. Effective for distributions with an Annuity Starting
Date on or after January 1, 2008, the table described in (i) shall be the
applicable table described under Section 417(e)(3), as such table is updated
from time to time under applicable Internal Revenue Service guidance. Effective
with respect to distributions with an Annuity Starting Date on or after January
1, 2011, the annual rate of interest described in (ii) shall be a 4.5% annual
rate; provided, however, that the Actuarial Equivalent of a Participant’s
Accrued Benefit on and after January 1, 2011 shall not be less than the
Actuarial Equivalent of the Participant’s Accrued Benefit as of December 31,
2010 determined under the definition of Actuarial Equivalence effective on
December 31, 2010.

 
2.           The first paragraph of Section 5.7 of the Plan is hereby amended,
as underlined, to be and read as follows:
 
On the last day of each Plan Year beginning on or after January 1, 2002, an
Interest Credit shall be credited to the Cash Balance Account of a Participant
whose Annuity Starting Date has not occurred. The Interest Credit rate shall be
equal to the annual rate of interest on ten-year U.S.
 
 
 
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Treasury Bill Constant Maturities in effect for the third calendar month
immediately preceding the Plan Year; provided, however, that if such rate is
less than 2.05 percent, the rate used hereunder shall be 2.05 percent. Effective
on and after January 1, 2011, the Interest Credit rate shall be a 4.5 percent
annual rate; provided, however, that the value of a Participant’s Cash Balance
Account as of any date after December 31, 2010 shall not be less than the value
of the Participant’s Cash Balance Account as of December 31, 2010, credited as
provided in this Section 5.7 with an Interest Credit Rate equal to the annual
rate of interest on ten-year U.S. Treasury Bill Constant Maturities, but no less
than 2.05 percent, excluding any Service Credits credited to such Account after
December 31, 2010. The Interest Credit shall be based on the value of a
Participant's Cash Balance Account on the first day of the Plan Year. The
Interest Credit for the Plan Year in which a Participant's Annuity Starting Date
occurs shall be credited to the Participant's Cash Balance Account as of the
last day of the calendar month preceding the month in which the Participant's
Annuity Starting Date occurs and shall accrue only through such day. No further
Interest Credits shall be credited to a Participant's Cash Balance Account
following his Annuity Starting Date.
 

* * * * *

IN WITNESS WHEREOF, the Employer has caused the Plan to be amended by this Third
Amendment this 4th day of May, 2011, to be effective as stated herein.

  WEINGARTEN REALTY INVESTORS          
 
By:
/s/ Stephen C. Richter       Name:  Stephen C. Richter       Title:  Executive
Vice President & CFO          

 
 
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