Sec. 844.004.  STANDARD RETIREMENT ANNUITY.  (a)  The standard retirement annuity payable under this subtitle is computed with an allowance for the possible payment of a benefit under Section 844.402 and is the actuarial equivalent of the sum of a member's:
(1)  accumulated contributions;
(2)  current service credit;
(3)  allocated prior service credit; and
(4)  multiple matching credit.
(b)  A standard retirement annuity is payable throughout the life of a retiree.
Added by Acts 2007, 80th Leg., R.S., Ch. 873 (H.B. 1587), Sec. 30, eff. January 1, 2008.