Tex. Civ. Prac. & Rem. Code § 103.053 · Subchapter B. ADMINISTRATIVE PROCEEDING
ANNUITY COMPENSATION GENERALLY; STANDARD ANNUITY PAYMENTS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A person entitled to compensation under Section 103.001(a) is entitled to standard annuity payments under this section unless the person elects to receive alternative annuity payments under Section 103.0535.
(a-1) Standard annuity payments are based on a present value sum equal to the amount to which the person is entitled under Sections 103.052(a)(1) and (b).
(b) Standard annuity payments are payable in equal monthly installments for the life of the claimant.
(c) Annuity payments under this chapter must be based on a five percent per annum interest rate and other actuarial factors within the discretion of the comptroller. Annuity payments under this chapter may not be accelerated, deferred, increased, or decreased. A person entitled to annuity payments under this chapter, including a claimant's spouse or designated beneficiary entitled to payments under Section 103.0535, may not sell, mortgage or otherwise encumber, or anticipate the payments, wholly or partly, by assignment or otherwise.
Notes and commentary — not statutory text
History
Added by Acts 2009, 81st Leg., R.S., Ch. 180 (H.B. 1736), Sec. 6, eff. September 1, 2009.
Amended by:
Acts 2015, 84th Leg., R.S., Ch. 689 (H.B. 638), Sec. 1, eff. September 1, 2015.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/CP/htm/CP.103.htm
- Text hash
- sha256 538ba760680069b49b9c78268e4958984df01516cee65886bf6e276a631f812f
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Civil Practice and Remedies Code
- Tex. Civ. Prac. & Rem. Code § 103.001CLAIMANTS ENTITLED TO COMPENSATION AND HEALTH BENEFITS COVERAGE.Printed as Section 103.001(a)
- Tex. Civ. Prac. & Rem. Code § 103.052LUMP-SUM COMPENSATION.Printed as Sections 103.052(a)(1)
- Tex. Civ. Prac. & Rem. Code § 103.0535ALTERNATIVE ANNUITY COMPENSATION.Printed as Section 103.0535
Cited by 2 provisions
Provisions in this library whose text cites Tex. Civ. Prac. & Rem. Code § 103.053. Each shows the citation as that text prints it.
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