Sec. 609.015. BENEFICIARY CAUSING DEATH OF PARTICIPATING EMPLOYEE. (a) Any benefits, funds, or account balances payable on the death of a participating employee may not be paid to a person convicted of or adjudicated as having caused that death but instead are payable as if the convicted person had predeceased the decedent.
(b) The plan is not required to change the recipient of any benefits, funds, or account balances under this section unless it receives actual notice of the conviction or adjudication of a beneficiary. However, the plan may delay payment of any benefits, funds, or account balances payable on the death of a participating employee pending the results of a criminal investigation or civil proceeding and other legal proceedings relating to the cause of death.
(c) For the purposes of this section, a person has been convicted of or adjudicated as having caused the death of a participating employee if the person:
(1) pleads guilty or nolo contendere to, or is found guilty by a court or jury in a criminal proceeding of, causing the death of the participating employee, regardless of whether sentence is imposed or probated, and no appeal of the conviction is pending and the time provided for appeal has expired; or
(2) is found liable by a court or jury in a civil proceeding for causing the death of the participating employee and no appeal of the judgment is pending and the time provided for appeal has expired.
Added by Acts 2011, 82nd Leg., R.S., Ch. 1249 (S.B. 1664), Sec. 1, eff. September 1, 2011.
Structure Texas Statutes
Title 6 - Public Officers and Employees
Subtitle A - Provisions Generally Applicable to Public Officers and Employees
Chapter 609 - Deferred Compensation Plans
Subchapter A. General Provisions
Section 609.002. Qualifications for Qualified Vendor
Section 609.003. Qualified Investment Product
Section 609.004. Permissible Use of Public Funds
Section 609.005. Plan as Compensation
Section 609.006. Conformance to or Conflict With Federal Law
Section 609.007. Contract for Deferment of Compensation
Section 609.008. Crediting Trust Fund Interest
Section 609.009. Trust for 457 Plan
Section 609.010. Liability; Responsibility for Monitoring
Section 609.011. Notification by Plan Administrator
Section 609.012. Transfer From a Plan Vendor
Section 609.013. Inability to Distribute
Section 609.014. Coordination of Plans
Section 609.015. Beneficiary Causing Death of Participating Employee