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Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Government Code § 815.321: TRANSFER OF ASSETS FOR DEATH BENEFIT ANNUITIES.

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Where this section sits in the code
  1. GOVERNMENT CODE
  2. TITLE 8. PUBLIC RETIREMENT SYSTEMS
  3. SUBTITLE B. EMPLOYEES RETIREMENT SYSTEM OF TEXAS
  4. CHAPTER 815. ADMINISTRATION
  5. SUBCHAPTER D. MANAGEMENT OF ASSETS

(a) When a member dies who selected or was eligible to select a death benefit plan, or whose beneficiary is eligible to receive an annuity under Section 814.302(b) or 814.304, the retirement system shall transfer:

(1) from the employees saving account to the retirement annuity reserve account, an amount equal to the member's accumulated contributions; and

(2) from the state accumulation account to the retirement annuity reserve account, an amount equal to the difference between the total reserve, at present worth reserve value, of the death benefit annuity and the amount credited to the member's individual account as of the day of the member's death.

Acts 1981, 67th Leg., p. 1876, ch. 453, Sec. 1, eff. Sept. 1, 1981. Amended by Acts 1985, 69th Leg., ch. 91, Sec. 16, eff. Sept. 1, 1985. Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 25.317 and amended by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989.

Collected 2026-08-27T01:47:16Z. Source file · JSON

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