(a) Unless otherwise requested timely in a manner provided by the pension system, payments of a benefit, including a service or disability retirement annuity, survivor annuity, or lump-sum benefit, that first becomes payable on or after February 1, 2013, shall be made by electronic transfer of funds to the recipient's account in a banking, credit, or savings institution chartered by the federal or state government, as determined by the recipient.
(b) At any time, a member, retiree, or other beneficiary of the pension system may elect to have a future payment of a benefit paid to the person or the person's beneficiaries, in a manner provided by the pension system, by check, or as provided under subsection (a) of this section. The pension system shall notify all persons who apply for service or disability retirement to take effect on or after February 1, 2013, of this option and provide a method for electing this option.

Source Note: The provisions of this §310.11 adopted to be effective January 8, 2013, 38 TexReg 153