Sec. 864.001. ELIGIBILITY FOR SERVICE RETIREMENT ANNUITY. (a) The state board by rule shall determine the period of qualified service and, if appropriate, the age required for a member to receive a service retirement annuity with full benefits after the member terminates service with a participating department. The state board by rule may provide for partial vesting of benefits after a particular period.
(b) The state board may change the benefit formula for any person who is not an annuitant of the pension system.
Added by Acts 2005, 79th Leg., Ch. 803 (S.B. 522), Sec. 1, eff. September 1, 2005.
Section: 864.001 864.002 864.003 864.004 864.005 864.006 864.007 864.009 864.010 864.011 864.012 864.013 864.0135 864.014 864.015 NextLast modified: September 28, 2016