Texas Government Code 825.501 – Statement of Amount in Individual Accounts
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(a) No later than December 1 of each year, the board of trustees shall furnish to each member a statement of the amount credited to the member’s individual account as of August 31 of the preceding fiscal year.
(b) In addition to the statement required by Subsection (a) of this section, the board of trustees shall furnish, on written request, to a member of the retirement system a statement of the amount credited to the member’s individual account. The board is not required to furnish more than four of these statements to each member a calendar year.
Terms Used In Texas Government Code 825.501
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Written: includes any representation of words, letters, symbols, or figures. See Texas Government Code 311.005
- Year: means 12 consecutive months. See Texas Government Code 311.005