Texas § GV.824.701 - APPLICATION OF ANNUITY INCREASES TO CERTAIN ANNUITIES

§ GV.824.701. APPLICATION OF ANNUITY INCREASES TO CERTAIN ANNUITIES

APPLICATION OF ANNUITY INCREASES TO CERTAIN ANNUITIES. (a) An increase that is provided by law in the amount of an annuity being paid by the retirement system and that is applicable to retirements occurring before, or not later than, a date specified in the law also applies to an annuity based on the service of a member who, before October 1, 1989: (1) accepted, under Subchapter C, service retirement that became effective on a date that is within the period specified for eligibility for the increase; (2) subsequently revoked the person's service retirement as provided by Section 824.005 ; (3) subsequently applied for disability retirement under Section 824.301 to be effective at the end of the month in which the revocation of service retirement occurred; (4) did not receive a disability retirement annuity under Subchapter D; (5) subsequently accepted service retirement that became effective at the end of the month in which the earlier revocation of service retirement occurred; and (6) applies to the retirement system in writing for recomputation of the person's annuity. (b) As soon as practicable after a person applies under this section, the retirement system shall verify whether an applicant meets the requirements of this section and is entitled to any increases in annuities provided by existing law. (c) The retirement system shall increase the amount of an annuity payable to a retiree who applies and is verified as eligible for an increase in annuities provided by law, by the amount or rate of the increase. The first payment of an annuity as increased by this section is due on the later of: (1) the end of the month in which the retiree is verified under this section as eligible for the increase; or (2) a date of first payment specified in the law providing for the increase. (d) For the sole purpose of determining eligibility for or the amount of increases in annuities provided by law after the date a retiree has been verified as eligible for an increase under this section, the date of retirement of the person on whose service the annuity is based will be considered the date of original service retirement that was subsequently revoked, if the retiree has not terminated the subsequent service retirement as provided by this subtitle. Added by Acts 1989, 71st Leg., ch. 222, Sec. 5, eff. May 26, 1989. Renumbered from Title 110B, Sec. 34.701 by Acts 1989, 71st Leg., ch. 1100, Sec. 4.11(b), eff. Sept. 1, 1989.