Texas § GV.834.301 - SELECTION OF DEATH BENEFIT PLAN BY MEMBER

§ GV.834.301. SELECTION OF DEATH BENEFIT PLAN BY MEMBER

SELECTION OF DEATH BENEFIT PLAN BY MEMBER. (a) A member who has at least 10 years of service credit in the retirement system may select a death benefit plan for the payment, if the member dies before retirement, of a death benefit annuity to one or more persons designated by the member. Death benefit annuities available for selection by a member described in this subsection are the optional annuities provided by Sections 814.108 (c)(1) and (c)(4). (b) Section 814.301 (b) applies to a death benefit plan selected by a member in applicable circumstances. (c) The computation of a death benefit annuity must include the ages of the member and of the member's designated beneficiary at the time of the member's death. (d) A member may select a death benefit plan by filing an application for a plan with the board of trustees on a form prescribed by the board. After selection, a death benefit plan may take effect at death unless the member amends the plan, selects a retirement annuity at the time of the member's retirement, or becomes ineligible to select a plan. (e) A death benefit annuity is payable beginning on the day after the date the member dies. Acts 1981, 67th Leg., p. 1876, ch. 453, Sec. 1, eff. Sept. 1, 1981. Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 44.301 and amended by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989. Amended by Acts 1991, 72nd Leg., ch. 850, Sec. 31, eff. Sept. 1, 1991.