Sec. 814.012. DISPOSITION OF UNCLAIMED BENEFICIARY BENEFITS. If, as of the fourth anniversary of the death of a member or annuitant, the retirement system has not paid benefits and a claim for benefits is not pending with the retirement system based on the death of the member or annuitant, the accumulated contributions of the deceased member or the balance of the reserve for the deceased annuitant reverts to the benefit of the retirement system. The retirement system shall transfer funds reverted under this section to the state accumulation account.
Added by Acts 2009, 81st Leg., R.S., Ch. 1308 (H.B. 2559), Sec. 10, eff. September 1, 2009.
Structure Texas Statutes
Title 8 - Public Retirement Systems
Subtitle B - Employees Retirement System of Texas
Subchapter A. General Provisions
Section 814.001. Types of Benefits
Section 814.002. Benefits From Both Membership Classes
Section 814.003. Effective Date of Retirement
Section 814.004. When Benefits Are Payable
Section 814.005. Waiver of Benefits
Section 814.006. Simultaneous Death of Member and Beneficiary
Section 814.007. Beneficiary Causing Death of Member or Annuitant
Section 814.008. Change of Beneficiary After Retirement
Section 814.009. Deduction From Annuity for State Employee Organization
Section 814.0095. Charitable Deduction From Annuity
Section 814.0096. Coordination With State Employee Charitable Campaign Policy Committee
Section 814.010. Electronic Filing of Beneficiary Designation
Section 814.011. Lump-Sum Payments in Lieu of Annuities
Section 814.012. Disposition of Unclaimed Beneficiary Benefits