Sec. 824.008. DEDUCTIONS FROM AMOUNTS PAYABLE BY THE RETIREMENT SYSTEM. (a) Notwithstanding Section 821.005, the retirement system may deduct the amount of a person's indebtedness to the retirement system from an amount payable by the retirement system to the person or the person's estate and the distributees of the estate.
(b) If the retirement system makes a payment to a participant who is deceased and the payment is not payable, the retirement system may deduct the amount of the payment from any amount payable by the retirement system to a person who received the payment or to that person's estate and distributees of the estate.
Added by Acts 2011, 82nd Leg., R.S., Ch. 455 (S.B. 1667), Sec. 8, eff. September 1, 2011.
Structure Texas Statutes
Title 8 - Public Retirement Systems
Subtitle C - Teacher Retirement System of Texas
Subchapter A. General Provisions
Section 824.001. Types of Benefits
Section 824.002. Effective Date of Retirement
Section 824.003. When Benefits Are Payable
Section 824.004. Waiver of Benefits
Section 824.005. Revocation of Retirement
Section 824.006. Payment of Annuity on Death of Member or Retiree
Section 824.007. Deductions From Service or Disability Retirement Annuity
Section 824.008. Deductions From Amounts Payable by the Retirement System