Texas § GV.844.0041 - OPTIONAL RETIREMENT ANNUITIES
Full text of Texas The Texas Constitution § GV.844.0041 — OPTIONAL RETIREMENT ANNUITIES, with citation guidance and answers to common questions.
§ GV.844.0041. OPTIONAL RETIREMENT ANNUITIES
OPTIONAL RETIREMENT ANNUITIES. (a) Instead of the standard retirement annuity payable under Section 844.004 , a retiring member may receive an optional retirement annuity under this section or an optional retirement annuity in another form authorized by the board of trustees. (b) At a member's effective retirement date, an optional retirement annuity is actuarially equivalent to the standard retirement annuity to which the member is entitled. (c) An optional retirement annuity under this section is: (1) a retirement annuity that is payable monthly throughout the life of a retiree, and after the retiree's death, throughout the life of an individual designated by the retiree; or (2) a monthly retirement annuity that is payable throughout the life of a retiree and, if the retiree dies before 180 monthly payments have been made, the remainder of the 180 monthly payments are payable to the retiree's beneficiary or, if a beneficiary does not exist, to the retiree's spouse or, if no surviving spouse exists, to the retiree's estate. (d) The board of trustees by rule may authorize additional forms of optional retirement annuities, each of which must be actuarially equivalent to the standard retirement annuity to which the retiree is entitled as of the effective retirement date. Added by Acts 2007, 80th Leg., R.S., Ch. 873 (H.B. 1587 ), Sec. 30, eff. January 1, 2008.
Frequently Asked Questions About Texas § GV.844.0041
What does The Texas Constitution § GV.844.0041 cover?
Section GV.844.0041 ("OPTIONAL RETIREMENT ANNUITIES") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § GV.844.0041?
A common citation format is "The Texas Constitution § GV.844.0041" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § GV.844.0041 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.