Texas Vernon’s Civil Statutes
Sec. § 7.06
Payments to Dependent Parents


If a deceased member leaves no surviving spouse, no surviving designated beneficiary, and no surviving children entitled to receive a benefit under this Act but is survived by one or more dependent parents, the dependent parent, or one of the surviving parents designated by the board of trustees, is entitled to receive a monthly benefit payment equal to the monthly amount that would have been payable to a surviving spouse of the deceased. All payments under this section cease on the death of the surviving dependent parent.
Sec. 7.07. INCREASE IN SURVIVORS BENEFITS. On the affirmative vote of a majority of the members of the board of trustees either or both of the following actions may be taken:

(1)

benefits to dependent children may be increased to an amount not to exceed the amount recommended by the boards actuary; or

(2)

benefits to surviving spouses may be increased to an amount not to exceed the maximum approved by the actuary.

(1)

registered under the Investment Advisors Act of 1940 (15 U.S.C. Section 80b-1 et seq.) and its subsequent amendments;

(2)

a bank as defined by that Act; or

(3)

an insurance company qualified to perform investment services under the laws of more than one state.
Source
Last accessed
Oct. 19, 2019