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

Tex. Government Code § 864.014: STATE BOARD AUTHORITY FOR LUMP-SUM PAYMENTS.

Where this section sits in the code

GOVERNMENT CODE
TITLE 8. PUBLIC RETIREMENT SYSTEMS
SUBTITLE H. TEXAS EMERGENCY SERVICES RETIREMENT SYSTEM
CHAPTER 864. BENEFITS

In lieu of any annuity otherwise payable under this subtitle, the state board by rule may provide for a lump-sum payment if the board determines that a lump-sum payment is cost-efficient or is necessary for the pension system to remain actuarially sound.

Added by Acts 2005, 79th Leg., Ch. 803 (S.B. 522), Sec. 1, eff. September 1, 2005.

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

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