Tex. Gov't Code § 842.057 · Subchapter A-1. TERMINATION OF PARTICIPATION BY SUBDIVISIONS
CLASS D.
Text — Current through the 89th 2nd Called Legislative Session, 2025
If any assets remain after the transfers are made under Sections 842.054, 842.055, and 842.056, the retirement system shall make a proportionate transfer to the individual account of each member not eligible to retire based on the ratio that the sum of the member's multiple matching credits and prior service credits bears to the total multiple matching credits and prior service credits of the class. The transfer to a member's individual account may not exceed 100 percent of the member's multiple matching credits and prior service credits.
Notes and commentary — not statutory text
History
Added by Acts 2005, 79th Leg., Ch. 506 (H.B. 633), Sec. 6, eff. January 1, 2006.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.842.htm
- Text hash
- sha256 67223a257e906eae8f31ad0a0c66d7450160be4a7a9f77f066267b5604b03dcd
- 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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