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.
Section: Previous 824.504 824.505 824.601 824.602 824.6022 824.603 824.701 824.702 824.801 824.8011 824.802 824.803 824.804 824.805 824.806Last modified: September 28, 2016