Sec. 844.004. STANDARD RETIREMENT ANNUITY. (a) The standard retirement annuity payable under this subtitle is computed with an allowance for the possible payment of a benefit under Section 844.402 and is the actuarial equivalent of the sum of a member's:
(1) accumulated contributions;
(2) current service credit;
(3) allocated prior service credit; and
(4) multiple matching credit.
(b) A standard retirement annuity is payable throughout the life of a retiree.
Added by Acts 2007, 80th Leg., R.S., Ch. 873 (H.B. 1587), Sec. 30, eff. January 1, 2008.
Structure Texas Statutes
Title 8 - Public Retirement Systems
Subtitle F - Texas County and District Retirement System
Subchapter A. General Provisions
Section 844.001. Types of Benefits
Section 844.002. Composition of Retirement Annuity
Section 844.003. Effective Date of Retirement
Section 844.004. Standard Retirement Annuity
Section 844.0041. Optional Retirement Annuities
Section 844.0042. Authority to Pay Benefits Under Alternate Forms
Section 844.005. When Annuity Is Payable; Changes Before First Payment
Section 844.007. Interest Credit for Other Than December Retirements
Section 844.008. Limitation on Payment of Benefits
Section 844.009. Partial Lump-Sum Distribution on Service Retirement