Tex. Gov't Code § 844.004

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

Section 844.004 - Standard Retirement Annuity

(a) The standard retirement annuity payable under this subtitle is computed with an allowance for the possible payment of a benefit under Section 844.402 and is the actuarial equivalent of the sum of a member's:

(1) accumulated contributions;

(2) current service credit;

(3) allocated prior service credit; and

(4) multiple matching credit.

(b) A standard retirement annuity is payable throughout the life of a retiree.

Tex. Gov't. Code § 844.004

Added by Acts 2007, 80th Leg., R.S., Ch. 873, Sec. 30, eff. 1/1/2008.