Tex. Gov't Code § 814.012

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 814.012 - Disposition of Unclaimed Beneficiary Benefits

If, as of the fourth anniversary of the death of a member or annuitant, the retirement system has not paid benefits and a claim for benefits is not pending with the retirement system based on the death of the member or annuitant, the accumulated contributions of the deceased member or the balance of the reserve for the deceased annuitant reverts to the benefit of the retirement system. The retirement system shall transfer funds reverted under this section to the state accumulation account.

Tex. Gov't. Code § 814.012

Added by Acts 2009, 81st Leg., R.S., Ch. 1308, Sec. 10, eff. 9/1/2009.