Tex. Gov't Code Section 845.308
Closed Subdivision Annuity Reserve Fund

(a)

The retirement system shall deposit and hold in the closed subdivision annuity reserve fund all reserves for annuities payable to annuitants who were members of subdivisions that terminated participation with the retirement system under Subchapter A-1 (General Provisions), Chapter 842 (Membership).

(b)

The retirement system shall pay from the closed subdivision annuity reserve fund annuities described by Subsection (a) and all benefits in lieu of those annuities as provided by this subtitle.
Acts 1981, 67th Leg., p. 1876, ch. 453, Sec. 1, eff. Sept. 1, 1981. Renumbered from Vernon’s Ann.Civ.St. Title 110B, Sec. 55.308 and amended by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989.
Amended by:
Acts 2015, 84th Leg., R.S., Ch. 303 (S.B. 463), Sec. 7, eff. June 1, 2015.

Source: Section 845.308 — Closed Subdivision Annuity Reserve Fund, https://statutes.­capitol.­texas.­gov/Docs/GV/htm/GV.­845.­htm#845.­308 (accessed Jun. 5, 2024).

845.001
Composition of Board of Trustees 845.002
Appointment 845.003
Eligibility 845.004
Term of Office 845.005
Oath of Office 845.007
Meetings 845.008
Compensation 845.009
Voting 845.101
Administration 845.102
Rules and Standards 845.103
Administering System Assets 845.104
Accepting Gift, Grant, or Bequest 845.105
Indebtedness 845.106
Grants and Payment of Benefits 845.107
Audits and Reviews 845.108
Designation of Authority to Disburse Funds 845.109
Depositories 845.110
Adopting Rates and Tables 845.111
Insurance 845.112
Records of Board of Trustees 845.113
Office 845.114
Definition of Participant 845.115
Confidentiality of Participant Information 845.116
Electronic Transfer of Funds and Electronic Filing of Documents 845.201
Officers 845.202
Director 845.203
Legal Adviser 845.204
Medical Board 845.205
Other Physicians 845.206
Actuary 845.207
Other Employees 845.208
Compensation of Employees 845.301
Investment of Assets 845.302
Custody and Investment of Assets Pending Transactions 845.303
Securities Lending 845.305
Crediting System Assets 845.306
Employees Saving Fund 845.307
Subdivision Accumulation Fund 845.308
Closed Subdivision Annuity Reserve Fund 845.309
Income Fund 845.310
Endowment Fund 845.311
Expense Fund 845.312
Optional Group Term Life Fund 845.313
Disbursements 845.314
Interest Rates 845.315
Annual Allocation of Net Investment Income or Loss 845.316
Transfer of Assets on Retirement 845.317
Payment to Formerly Participating Subdivision 845.318
Consolidation of County’s Accounts in Subdivision Accumulation Fund 845.402
Member Contributions 845.403
Collection of Member Contributions 845.404
Collection of Subdivision Contributions 845.405
Alternative Periods for Administrative Compliance 845.406
Optional Group Term Life Program 845.407
Penalty for Late Contributions 845.408
Additional Optional Deposits by Subdivisions 845.501
Statement of Amount in Account 845.502
Interest in Assets 845.503
Authority to Recoup or Make Adjustments for Payments Made in Error 845.504
Excess Benefit Program 845.505
Undistributed Benefits 845.506
Appeal of Administrative Decision 845.507
Qualification 845.1151
Electronic Information 845.4031
Contributions in Anticipation of Participation
Green check means up to date. Up to date

Accessed:
Jun. 5, 2024

§ 845.308’s source at texas​.gov