Texas Statutes (Last Updated: January 4, 2014) |
GOVERNMENT CODE |
Title 8. PUBLIC RETIREMENT SYSTEMS |
Subtitle C. TEACHER RETIREMENT SYSTEM OF TEXAS |
Chapter 825. ADMINISTRATION |
Subchapter D. MANAGEMENT OF ASSETS |
Sec. 825.3121. DEFERRED RETIREMENT OPTION ACCOUNT
Latest version.
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(a) The retirement system shall deposit in the deferred retirement option account the amounts required to be deposited in the account by Section 824.804(a) and interest as required by Section 824.807.
(b) The retirement system shall pay from the account all benefits accrued during participation in the deferred retirement option plan.
Added by Acts 1997, 75th Leg., ch. 1416, Sec. 27, eff. Sept. 1, 1997.