Texas § 840A.053 STANDARD CASH BALANCE BENEFITS FOR MEMBERS.

Texas Statutes

§ 840A.053 — STANDARD CASH BALANCE BENEFITS FOR MEMBERS.

Texas § 840A.053

Code GVGovernment Code

This text of Texas § 840A.053 (STANDARD CASH BALANCE BENEFITS FOR MEMBERS.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Government Code Code Ann. § 840A.053 (2026).

Text

Sec. 840A.053. STANDARD CASH BALANCE BENEFITS FOR MEMBERS.

(a)The state match for the cash balance benefit is an amount computed by multiplying the member's accumulated account balance by 150 percent.

(b)The retirement system shall compute a member's standard cash balance annuity under this section by taking the sum of the member's accumulated account balance and the state match computed under Subsection (a) and annuitizing that amount over the life expectancy of the member as of the effective date of the member's retirement using mortality and other tables adopted by the board of trustees for that purpose under Section 840.005 .

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 840A.053. STANDARD CASH BALANCE BENEFITS FOR MEMBERS. (a) The state match for the cash balance benefit is an amount computed by multiplying the member's accumulated account balance by 150 percent.
(b) The retirement system shall compute a member's standard cash balance annuity under this section by taking the sum of the member's accumulated account balance and the state match computed under Subsection (a) and annuitizing that amount over the life expectancy of the member as of the effective date of the member's retirement using mortality and other tables adopted by the board of trustees for that purpose under Section 840.005 .