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Tex. Government Code § 845.316

TRANSFER OF ASSETS ON RETIREMENT

Texas · Texas Government Code · Status: effective

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Tex. Government Code § 845.316, TRANSFER OF ASSETS ON RETIREMENT, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/659809
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(a) When a member retires, the retirement system shall transfer from the employees saving fund to the subdivision accumulation fund, the member's accumulated contributions. (b) When a member retires from a subdivision that has terminated participation with the retirement system under Subchapter A-1, Chapter 842, the retirement system shall transfer the member's individual account to the closed subdivision annuity reserve fund. (c) Repealed by Acts 2007, 80th Leg., R.S., Ch. 873, Sec. 92(30), eff. January 1, 2008.