Sec. 824.807. INTEREST. Interest is creditable to a member's account in the deferred retirement option account at an annual, prorated rate equal to two percent during the period of participation in the plan and until all benefits are distributed.
Added by Acts 1997, 75th Leg., ch. 1416, Sec. 21, eff. Sept. 1, 1997.
Amended by:
Acts 2013, 83rd Leg., R.S., Ch. 1214 (S.B. 1458), Sec. 3, eff. September 1, 2014.
Structure Texas Statutes
Title 8 - Public Retirement Systems
Subtitle C - Teacher Retirement System of Texas
Subchapter I. Deferred Retirement Option Plan
Section 824.8011. Deadline to Elect to Participate
Section 824.802. Participation in Plan
Section 824.803. Computation of Participant's Service and Annuity
Section 824.804. Benefits Under Plan
Section 824.805. Termination of Participation in Plan
Section 824.806. Benefits for Service After Plan Participation