{"data":{"id":"us-tx/tex.-government-code-840a.055","jurisdiction":"us-tx","citation":"Tex. Government Code § 840A.055","heading":"CHANGE IN OPTIONAL CASH BALANCE ANNUITY SELECTION.","body":"(a) A person who retired and selected an optional cash balance annuity described by Section 840A.054(c)(1), (2), or (5) may change the optional annuity to a standard cash balance annuity only if:\n(1) pursuant to a divorce decree, a court orders the change in the annuity to a standard cash balance annuity; or\n(2) the retiree files with the retirement system a request to change the annuity and, in connection with a divorce between the retiree and the beneficiary designated by the retiree under Section 840A.054(b), the beneficiary has executed a written, notarized instrument that:\n(A) releases the system from any claim to the annuity by the beneficiary; and\n(B) transfers all of the beneficiary's interest in the annuity to the retiree.\n(b) If a retiree files a request as provided by Subsection (a), the retirement system shall recompute the annuity as a standard cash balance annuity. The increase in the annuity under this section begins with the monthly payment made to the retiree for the month following the month in which a request is filed as provided by Subsection (a).\nAdded by Acts 2023, 88th Leg., R.S., Ch. 1092 (S.B. 1245), Sec. 16, eff. June 18, 2023.","path":["GOVERNMENT CODE","TITLE 8. PUBLIC RETIREMENT SYSTEMS","SUBTITLE E. JUDICIAL RETIREMENT SYSTEM OF TEXAS PLAN TWO","CHAPTER 840A. CASH BALANCE BENEFIT","SUBCHAPTER B. CASH BALANCE BENEFITS"],"source_url":"https://statutes.capitol.texas.gov/Docs/GV/htm/GV.840A.htm#840A.055","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:16Z","sha256":"64a327d5726c757a369c8ddb87c78ea0997b4cb9dc869cd0dc51d15d662264c2","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-government-code-840a.054","next":"us-tx/tex.-government-code-840a.056"},"notice":"GroundRules: Original legal text. Not legal advice."}