Tex.
Gov't Code Section 834.301
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 (Optional Service Retirement Benefits)(c)(1) and (c)(4).(b)
Section 814.301 (Selection of Death Benefit Plan by Member)(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.
Source:
Section 834.301 — Selection of Death Benefit Plan by Member, https://statutes.capitol.texas.gov/Docs/GV/htm/GV.834.htm#834.301 (accessed Jun. 5, 2024).
