Tex. Gov't Code § 844.002

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 844.002 - Composition of Retirement Annuity

(a) Each retirement annuity payable under this subtitle consists of a basic annuity and a supplemental annuity.

(b) A basic annuity is an amount payable from the subdivision accumulation fund and is actuarially determined from the sum of a member's:

(1) accumulated contributions; and

(2) current service credit.

(c) A supplemental annuity is an amount payable from the subdivision accumulation fund, subject to limitation under Section 844.008, and is actuarially determined from the sum of:

(1) a member's allocated prior service credit; and

(2) a member's multiple matching credit.

(d) Any increase in the annuity granted by a participating subdivision is payable from the subdivision accumulation fund as part of the supplemental annuity.

(e) A separate retirement annuity is payable with respect to each subdivision from which a person retires under this subtitle or is considered to have retired.

Tex. Gov't. Code § 844.002

Amended by Acts 2015, Texas Acts of the 84th Leg. - Regular Session, ch. 303,Sec. 2, eff. 6/1/2015.

Amended By Acts 2007, 80th Leg., R.S., Ch. 873, Sec. 28, eff. 1/1/2008.

Amended By Acts 2005, 79th Leg., Ch. 506, Sec. 16, eff. 1/1/2006.

Amended By Acts 2001, 77th Leg., ch. 122, Sec. 21, eff. 12/31/2001.

Amended by Acts 1999, 76th Leg., ch. 427, Sec. 22, eff. 12/31/1999

Amended by Acts 1985, 69th Leg., ch. 491, Sec. 15, eff. 6/12/1985. Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 54.002 and amended by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. 9/1/1989.

Acts 1981, 67th Leg., p. 1876, ch. 453, Sec. 1, eff. 9/1/1981.