Gavvy: Gov’t Code, Sec. 820.051. Application for Cash Balance Benefit.

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Sec. 820.051. Application for Cash Balance Benefit.

Sec. 820.051. APPLICATION FOR CASH BALANCE BENEFIT. (a) A member may apply for a cash balance annuity by filing an application for retirement with the board of trustees.

(b) An application for a cash balance annuity may not be made:

(1) after the date the member wishes to retire; or

(2) more than 90 days before the date the member wishes to retire.

Added by Acts 2021, 87th Leg., R.S., Ch. 940 (S.B. 321), Sec. 21, eff. September 1, 2021.

Gavvy last updated this database on: Sep 6, 2024