Sec. 825.3121. DEFERRED RETIREMENT OPTION ACCOUNT. (a) The retirement system shall deposit in the deferred retirement option account the amounts required to be deposited in the account by Section 824.804(a) and interest as required by Section 824.807.
(b) The retirement system shall pay from the account all benefits accrued during participation in the deferred retirement option plan.
Added by Acts 1997, 75th Leg., ch. 1416, Sec. 27, eff. Sept. 1, 1997.
Structure Texas Statutes
Title 8 - Public Retirement Systems
Subtitle C - Teacher Retirement System of Texas
Subchapter D. Management of Assets
Section 825.301. Investment of Assets
Section 825.3011. Certain Consultations Concerning Investments
Section 825.3012. Investment in Certain Hedge Funds Limited
Section 825.302. Custody and Investment of Assets Pending Transactions
Section 825.3021. Appraisal and Sale of Real Property
Section 825.303. Securities Custody and Securities Lending
Section 825.304. Nominee to Hold Securities
Section 825.305. Available Cash
Section 825.306. Crediting System Assets
Section 825.307. Member Savings Account
Section 825.308. State Contribution Account
Section 825.309. Retired Reserve Account
Section 825.311. Interest Account
Section 825.312. Expense Account
Section 825.3121. Deferred Retirement Option Account
Section 825.313. Transfers From Interest Account