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Tex. Government Code § 830.105

TERMINATION OF PARTICIPATION

Texas · Texas Government Code · Status: effective

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Tex. Government Code § 830.105, TERMINATION OF PARTICIPATION, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/659451
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(a) A person terminates participation in the optional retirement program, without losing any accrued benefits, by: (1) death; (2) retirement; or (3) termination of employment in all institutions of higher education. (b) A change of company providing optional retirement program benefits or a participant's transfer between institutions of higher education is not a termination of employment. (c) The benefits of an annuity purchased under the optional retirement program are available only if the participant obtains the age of 70-1/2 years or terminates participation in the program as provided by Subsection (a).