 |
Texas Statutes (Last Updated: January 4, 2014) |
 |
GOVERNMENT CODE |
|
Title 8. PUBLIC RETIREMENT SYSTEMS |
|
Subtitle C. TEACHER RETIREMENT SYSTEM OF TEXAS |
|
Chapter 824. BENEFITS |
|
Subchapter C. SERVICE RETIREMENT BENEFITS |
Sec. 824.205. DEDUCTIONS FROM SERVICE RETIREMENT ANNUITY
-
(a) A person who receives a service retirement annuity under Section 824.202, 824.203, or 824.204 may, on a form satisfactory to and filed with the retirement system, authorize the retirement system to deduct from the person's monthly annuity payment the amount required as a monthly premium for:
(1) hospital insurance benefits provided to uninsured individuals not otherwise eligible for medical insurance for the aged, as provided by Part A of Title XVIII of the federal Social Security Act (42 U.S.C. Section 1395c et seq.); and
(2) supplementary medical insurance benefits for the aged, as provided by Part B of Title XVIII of the federal Social Security Act (42 U.S.C. Section 1395j et seq.).
(b) After making deductions authorized under Subsection (a), the retirement system shall pay the required premiums to the treasury of the United States, subject to applicable laws relating to the time and manner of payment.