Texas § 844.004 STANDARD RETIREMENT ANNUITY.

Texas Statutes

§ 844.004 — STANDARD RETIREMENT ANNUITY.

Texas § 844.004

Code GVGovernment Code

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Bluebook

Tex. Government Code Code Ann. § 844.004 (2026).

Text

Sec. 844.004. STANDARD RETIREMENT ANNUITY.

(a)The standard retirement annuity payable under this subtitle is computed with an allowance for the possible payment of a benefit under Section 844.402 and is the actuarial equivalent of the sum of a member's:

(1)accumulated contributions;

(2)current service credit;

(3)allocated prior service credit; and

(4)multiple matching credit.

(b)A standard retirement annuity is payable throughout the life of a retiree.

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Sec. 844.004. STANDARD RETIREMENT ANNUITY. (a) The standard retirement annuity payable under this subtitle is computed with an allowance for the possible payment of a benefit under Section 844.402 and is the actuarial equivalent of the sum of a member's:
(1) accumulated contributions;
(2) current service credit;
(3) allocated prior service credit; and
(4) multiple matching credit.
(b) A standard retirement annuity is payable throughout the life of a retiree.