Tex. Gov't Code § 840A.053 · Subchapter B. CASH BALANCE BENEFITS
STANDARD CASH BALANCE BENEFITS FOR MEMBERS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The state match for the cash balance benefit is an amount computed by multiplying the member's accumulated account balance by 150 percent.
(b) The retirement system shall compute a member's standard cash balance annuity under this section by taking the sum of the member's accumulated account balance and the state match computed under Subsection (a) and annuitizing that amount over the life expectancy of the member as of the effective date of the member's retirement using mortality and other tables adopted by the board of trustees for that purpose under Section 840.005.
Notes and commentary — not statutory text
History
Added by Acts 2023, 88th Leg., R.S., Ch. 1092 (S.B. 1245), Sec. 16, eff. June 18, 2023.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.840A.htm
- Text hash
- sha256 58f4be55f91850c88ee50a6f695b42761974090eccc9f8e02f9ab2bc740061e6
- 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
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