Tex. Gov't Code Section 814.1082
Partial Lump-sum Option


(a)

A member who is eligible for an unreduced service retirement annuity may select a standard retirement annuity or an optional retirement annuity described by Section 814.108 (Optional Service Retirement Benefits) together with a partial lump-sum distribution.

(b)

The amount of the lump-sum distribution under this section may not exceed the sum of 36 months of a standard service retirement annuity computed without regard to this section.

(c)

The service retirement annuity selected by the member shall be actuarially reduced to reflect the lump-sum option selected by the member and shall be actuarially equivalent to a standard or optional service retirement annuity, as applicable, without the partial lump-sum distribution. The annuity and lump sum shall be computed to result in no actuarial loss to the retirement system.

(d)

Unless otherwise specified in rules adopted by the board of trustees, the lump-sum distribution will be made as a single payment payable at the time that the first monthly annuity payment is paid to the retiree.

(e)

The amount of the lump-sum distribution will be deducted from any amount otherwise payable under Section 814.505 (Return of Excess Contributions in Other Circumstances).

(f)

The partial lump-sum option under this section may be elected only once by a member and may not be elected by a retiree. A member retiring under the proportionate retirement program under Chapter 803 (Proportionate Retirement Program) is not eligible for the partial lump-sum option.

(g)

Before a retiring member selects a partial lump-sum distribution under this section, the retirement system shall provide a written notice to the member of the amount by which the member’s annuity will be reduced because of the selection. The member shall be asked to sign a copy of or a receipt for the notice, and the retirement system shall maintain the signed copy or receipt.

(h)

The board of trustees may adopt rules for the implementation of this section and may authorize the option to be used for a death benefit annuity. This section does not apply to a disability retirement annuity.
Added by Acts 1999, 76th Leg., ch. 1541, Sec. 17, eff. Sept. 1, 1999.

Source: Section 814.1082 — Partial Lump-sum Option, https://statutes.­capitol.­texas.­gov/Docs/GV/htm/GV.­814.­htm#814.­1082 (accessed Jun. 5, 2024).

814.001
Types of Benefits
814.002
Benefits from Both Membership Classes
814.003
Effective Date of Retirement
814.004
When Benefits Are Payable
814.005
Waiver of Benefits
814.006
Simultaneous Death of Member and Beneficiary
814.007
Beneficiary Causing Death of Member or Annuitant
814.008
Change of Beneficiary After Retirement
814.009
Deduction from Annuity for State Employee Organization
814.010
Electronic Filing of Beneficiary Designation
814.011
Lump-sum Payments in Lieu of Annuities
814.012
Disposition of Unclaimed Beneficiary Benefits
814.0095
Charitable Deduction from Annuity
814.0096
Coordination with State Employee Charitable Campaign Policy Committee
814.101
Application for Service Retirement Benefits
814.102
Eligibility of Elected Members for Service Retirement
814.103
Service Retirement Benefits for Elected Class Service
814.104
Eligibility of Member for Service Retirement
814.105
Service Retirement Benefits for Employee Class Service
814.107
Service Retirement Benefits for Certain Peace Officers
814.108
Optional Service Retirement Benefits
814.110
Increasing Annuity Option
814.201
Application for Disability Retirement Benefits
814.202
Eligibility for Disability Retirement
814.203
Certification of Disability
814.204
Information About Occupational Disability
814.205
Disability Retirement Benefits for Elected Class Service
814.206
Disability Retirement Benefits for Employee Class Service
814.207
Disability Retirement Benefits for Certain Peace Officers
814.208
Medical Examination of Disability Retiree
814.210
Restoration of Disability Retiree to Active Service
814.211
Refund at Annuity Discontinuance
814.301
Selection of Death Benefit Plan by Member
814.302
Selection of Death Benefit Plan by Survivor of Member
814.304
Annuity for Survivor of Elected Member
814.305
Annuity for Survivor of Law Enforcement or Custodial Officer
814.401
Member Death Benefits Generally
814.402
Member Occupational Death Benefits
814.403
Return of Contributions
814.404
Assignment of Death Benefit for Funeral Services
814.501
Retiree Death Benefits Generally
814.503
Occupational Disability Retiree Death Benefits
814.504
Assignment of Death Benefit for Funeral Services
814.505
Return of Excess Contributions in Other Circumstances
814.601
Annuity Increase After Death or Retirement
814.602
Adjustment to Annuities
814.603
Supplemental Payments
814.604
Cost-of-living Adjustment
814.1005
Inapplicability of Subchapter to Cash Balance Group Members
814.1081
Change in Annuity Selection
814.1082
Partial Lump-sum Option
814.2055
Average Monthly Compensation

Accessed:
Jun. 5, 2024

§ 814.1082’s source at texas​.gov