Texas § 840A.055 CHANGE IN OPTIONAL CASH BALANCE ANNUITY SELECTION.

Texas Statutes

§ 840A.055 — CHANGE IN OPTIONAL CASH BALANCE ANNUITY SELECTION.

Texas § 840A.055

Code GVGovernment Code

This text of Texas § 840A.055 (CHANGE IN OPTIONAL CASH BALANCE ANNUITY SELECTION.) 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.055 (2026).

Text

Sec. 840A.055. CHANGE IN OPTIONAL CASH BALANCE ANNUITY SELECTION.

(a)A person who retired and selected an optional cash balance annuity described by Section 840A.054 (c)(1), (2), or (5) may change the optional annuity to a standard cash balance annuity only if:

(1)pursuant to a divorce decree, a court orders the change in the annuity to a standard cash balance annuity; or

(2)the retiree files with the retirement system a request to change the annuity and, in connection with a divorce between the retiree and the beneficiary designated by the retiree under Section 840A.054 (b), the beneficiary has executed a written, notarized instrument that:

(A)releases the system from any claim to the annuity by the beneficiary; and

(B)transfers all of the beneficiary's interest in the annuity to the

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Sec. 840A.055. CHANGE IN OPTIONAL CASH BALANCE ANNUITY SELECTION. (a) A person who retired and selected an optional cash balance annuity described by Section 840A.054 (c)(1), (2), or (5) may change the optional annuity to a standard cash balance annuity only if:
(1) pursuant to a divorce decree, a court orders the change in the annuity to a standard cash balance annuity; or
(2) the retiree files with the retirement system a request to change the annuity and, in connection with a divorce between the retiree and the beneficiary designated by the retiree under Section 840A.054 (b), the beneficiary has executed a written, notarized instrument that:
(A) releases the system from any claim to the annuity by the beneficiary; and
(B) transfers all of the beneficiary's interest in the annuity to the retiree.
(b) If a retiree files a request as provided by Subsection (a), the retirement system shall recompute the annuity as a standard cash balance annuity. The increase in the annuity under this section begins with the monthly payment made to the retiree for the month following the month in which a request is filed as provided by Subsection (a).