Tex. Gov't Code § 814.011 · Subchapter A. GENERAL PROVISIONS
LUMP-SUM PAYMENTS IN LIEU OF ANNUITIES.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
The retirement system may elect to make a lump-sum payment to a retiree or beneficiary in lieu of annuity payments if the actuarial present value of the annuity at the time of retirement or death does not exceed $20,000. Payment of a lump sum under this section does not affect eligibility for any other program administered by the retirement system.
Notes and commentary — not statutory text
History
Added by Acts 2005, 79th Leg., Ch. 347 (S.B. 1176), Sec. 11, eff. September 1, 2005.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.814.htm
- Text hash
- sha256 68634a79a5d9ce8a709373cd89a825f32ba0e57ded03a94b6f6b7b27fcf9d892
- 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
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.