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Texas Statutes (Last Updated: January 4, 2014) |
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GOVERNMENT CODE |
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Title 8. PUBLIC RETIREMENT SYSTEMS |
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Subtitle F. TEXAS COUNTY AND DISTRICT RETIREMENT SYSTEM |
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Chapter 845. ADMINISTRATION |
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Subchapter D. MANAGEMENT OF ASSETS |
Sec. 845.316. TRANSFER OF ASSETS ON RETIREMENT
Latest version.
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(a) When a member retires, the retirement system shall transfer:
(1) from the employees saving fund to the current service annuity reserve fund, the member's accumulated contributions; and
(2) from the subdivision accumulation fund to the current service annuity reserve fund, an amount equal to the member's current service credit.
(b) Repealed by Acts 2007, 80th Leg., R.S., Ch. 873, Sec. 92(30), eff. January 1, 2008.
(c) Repealed by Acts 2007, 80th Leg., R.S., Ch. 873, Sec. 92(30), eff. January 1, 2008.
Acts 1981, 67th Leg., p. 1876, ch. 453, Sec. 1, eff. Sept. 1, 1981. Amended by Acts 1981, 67th Leg., 1st C.S., p. 217, ch. 18, Sec. 63, eff. Nov. 10, 1981. Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 55.315 by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989. Amended by Acts 1991, 72nd Leg., ch. 460, Sec. 28, eff. Aug. 26, 1992; Acts 2001, 77th Leg., ch. 122, Sec. 51, eff. Dec. 31, 2001. Amended by: Acts 2007, 80th Leg., R.S., Ch. 873 , Sec. 81, eff. January 1, 2008. Acts 2007, 80th Leg., R.S., Ch. 873 , Sec. 82, eff. January 1, 2008. Acts 2007, 80th Leg., R.S., Ch. 873 , Sec. 92(30), eff. January 1, 2008.