Texas Vernon’s Civil Statutes
Sec. § 10.04
Interest on Individual Accounts


The fund shall credit interest on December 31 of each year to the account of each firefighter, and of each former firefighter, who has not retired in an amount equal to five percent of the accumulated contributions, including previously credited interest, on deposit on January 1 of that year. The fund may not pay interest on a firefighters or former firefighters contributions for part of a year or for any period that is more than five calendar years after the date of termination of employment.

(b)

The pension is equal to 50 percent of the pension to which the member was entitled on the date of death. If the retired member retired and began receiving a pension before the age of 62, the monthly amount of the pension payable to the members surviving spouse after the date on which the retired member would have attained age 62 shall be reduced to 50 percent of the pension which the retired member would have received had the member attained age 62.

(c)

If a retired member who is receiving disability retirement benefits dies before the age of 65, the monthly amount of the pension shall be equal to 50 percent of the pension the member would have received had the member worked until the date of death at the rate of pay in effect at the inception of the disability.

(d)

Payment of the pension continues until the date of death or remarriage of the spouse, whichever occurs first.

(e)

The total benefit payments payable under this section may not be less than the greater of the retired members total accumulated contributions, or $2,500, less any previous payments made to the retired member. If the spouse dies before receiving that amount, the balance of the minimum amount of the death benefit is payable in a lump sum to the spouses estate. If the spouse remarries before receiving the minimum amount or if the retired member and the spouse are divorced on the retired members date of death, the balance of the minimum amount of the death benefit is payable in a lump sum to the beneficiaries of the retired member.

(f)

If a member dies under a normal, early, special early, extra-special early, or disability pension, or retires under an early, special early, extra-special early, or disability pension but dies before beginning to receive the pension and does not leave a surviving spouse, the beneficiaries of the retired member are eligible for a death benefit equal to the greater of the members accumulated contribution or $2,500, less any payments previously made to the deceased member.

(g)

If a member who is entitled to or is receiving a deferred vested pension dies, the members beneficiaries are eligible for a death benefit, payable in a lump sum, equal to the deceased members total accumulated contributions, less any pension payments previously received.
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Last accessed
Oct. 21, 2019