Texas Government Code 824.501 – Survivor Benefits
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(a) The designated beneficiary of a service or disability retiree who dies while receiving a service or disability retirement benefit may elect to receive:
(1) a lump-sum payment of $2,500, plus an applicable monthly benefit under § 824.404; or
(2) a lump-sum benefit of $10,000.
(b) An eligible person may receive benefits under this section, § 824.204, and § 824.308.
Terms Used In Texas Government Code 824.501
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005