{"data":{"id":"us-tx/tex.-government-code-842.056","jurisdiction":"us-tx","citation":"Tex. Government Code § 842.056","heading":"CLASS C.","body":"If any assets remain after the transfers are made under Sections 842.054 and 842.055, the retirement system shall make a transfer to the closed subdivision annuity reserve fund in an amount computed as necessary to fund the basic and supplemental annuities of the annuitants of the subdivision and a transfer to the individual account of each member of the class eligible to retire in an amount that equals the multiple matching credits and prior service credits of the member. If necessary, the retirement system shall proportionately reduce an individual's total credits or supplemental annuity, as applicable, based on the ratio that the individual's total actuarial equivalent of benefits described by this section bears to the aggregate total actuarial equivalent of all those benefits of the class.\nAdded by Acts 2005, 79th Leg., Ch. 506 (H.B. 633), Sec. 6, eff. January 1, 2006.\nAmended by:\nActs 2015, 84th Leg., R.S., Ch. 303 (S.B. 463), Sec. 1, eff. June 1, 2015.","path":["GOVERNMENT CODE","TITLE 8. PUBLIC RETIREMENT SYSTEMS","SUBTITLE F. TEXAS COUNTY AND DISTRICT RETIREMENT SYSTEM","CHAPTER 842. MEMBERSHIP","SUBCHAPTER A-1. TERMINATION OF PARTICIPATION BY SUBDIVISIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/GV/htm/GV.842.htm#842.056","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:16Z","sha256":"76159be44a39b021f2e83416676409e3d718a9b8f4119ca8bfaaf84791d0b901","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-government-code-842.055","next":"us-tx/tex.-government-code-842.057"},"notice":"GroundRules: Original legal text. Not legal advice."}