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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) An annuitant by written request may authorize the retirement system to cease the annuitant's monthly payment or reduce the annuitant's monthly payment to an amount specified in the request. In writing, the annuitant may subsequently request the retirement system to reinitiate or increase the annuitant's monthly payment at or to any specified amount that does not exceed the amount originally payable.
(b) If the retirement system receives a request under Subsection (a), the director may cause the monthly annuity payment of the requesting annuitant to be reduced or increased as specified in the request.
(c) Any amounts by which an annuity is reduced under this section are forfeited to the retirement system and are not recoverable by any person.
Cite this article: FindLaw.com - Texas Government Code - GOV'T § 854.005. Reduction of Annuity Payments on Request - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-854-005/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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