Texas § GV.845.504 - EXCESS BENEFIT PROGRAM
Full text of Texas The Texas Constitution § GV.845.504 — EXCESS BENEFIT PROGRAM, with citation guidance and answers to common questions.
§ GV.845.504. EXCESS BENEFIT PROGRAM
EXCESS BENEFIT PROGRAM. (a) If the board of trustees determines that it is in the interest of the retirement system and will benefit members and annuitants, the board by rule may establish an excess benefits program for the payment of benefits under Section 415(m) of the Internal Revenue Code of 1986, and its subsequent amendments, that would otherwise be barred by the limitation on benefits imposed by Section 415 of that code. (b) Notwithstanding any other provision of this subtitle, the board of trustees by rule may provide for the transfer of contributions as part of the excess benefits program in a manner consistent with a governmental excess benefit arrangement. Added by Acts 2003, 78th Leg., ch. 621, Sec. 35, eff. Jan. 1, 2004.
Frequently Asked Questions About Texas § GV.845.504
What does The Texas Constitution § GV.845.504 cover?
Section GV.845.504 ("EXCESS BENEFIT PROGRAM") 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.845.504?
A common citation format is "The Texas Constitution § GV.845.504" (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.845.504 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.