Tex. Gov't Code § 864.014 · Chapter 864. BENEFITS
STATE BOARD AUTHORITY FOR LUMP-SUM PAYMENTS.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
In lieu of any annuity otherwise payable under this subtitle, the state board by rule may provide for a lump-sum payment if the board determines that a lump-sum payment is cost-efficient or is necessary for the pension system to remain actuarially sound.
Notes and commentary — not statutory text
History
Added by Acts 2005, 79th Leg., Ch. 803 (S.B. 522), Sec. 1, 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.864.htm
- Text hash
- sha256 3acd60733b5fa46783dd507b5096850a458d71d9ff0342828f284cb79f7abdfb
- 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
Cited by 1 provision
Provisions in this library whose text cites Tex. Gov't Code § 864.014. Each shows the citation as that text prints it.
Government Code
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