Sec. 844.007. INTEREST CREDIT FOR OTHER THAN DECEMBER RETIREMENTS. A member who retires with an effective retirement date other than December 31 will be credited interest on the beginning balance in the member's individual account from January 1 of the year of retirement to the effective date of retirement.
Added by Acts 1991, 72nd Leg., ch. 460, Sec. 11, eff. Jan. 1, 1992. Amended by Acts 1995, 74th Leg., ch. 245, Sec. 11, eff. Sept. 1, 1995; Acts 1999, 76th Leg., ch. 427, Sec. 25, 64(6), eff. Dec. 31, 1999.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 873 (H.B. 1587), Sec. 33, 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