Sec. 841.007. REDUCTION OF ANNUITY PAYMENTS ON REQUEST. (a) An annuitant by written request may authorize the retirement system to reduce the annuitant's monthly payment to an amount specified in the request. In writing, the annuitant may subsequently request the retirement system to increase the annuitant's monthly payment to any specified amount that does not exceed the amount payable if a reduction had never been requested.
(b) If the retirement system receives a request under Subsection (a), the director may cause the monthly annuity payment of the requesting annuitant to be reduced or increased as specified in the request.
(c) Any amounts by which an annuity is reduced under this section are forfeited to the retirement system and are not recoverable by any person.
Added by Acts 1985, 69th Leg., ch. 491, Sec. 1, eff. June 12, 1985. Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 51.007 and amended by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989.
Structure Texas Statutes
Title 8 - Public Retirement Systems
Subtitle F - Texas County and District Retirement System
Chapter 841 - General Provisions
Subchapter A. General Provisions
Section 841.002. Purpose of Subtitle
Section 841.003. Retirement System
Section 841.004. Powers, Privileges, and Immunities
Section 841.005. Actions for Accounting
Section 841.006. Exemption From Execution
Section 841.007. Reduction of Annuity Payments on Request
Section 841.009. Divorce-Decree Payments Protected
Section 841.0091. Division of Benefits on Divorce of Member
Section 841.010. Distribution Requirements
Section 841.011. Full Vesting of Accrued Benefits at Termination