Texas Government Code 825.516 – Nonprofit Association Dues
(a) A retiree who is receiving an annuity from the retirement system may request the system to withhold from the retiree’s monthly annuity payment membership dues for a nonprofit association of retired school employees in this state, if the association is statewide and its membership includes at least five percent of all retirees of the retirement system. The request for withholding must be on a form provided by the retirement system.
(b) After the retirement system receives a request authorized by this section, the system may make the requested deductions until the earlier of:
(1) the date the annuity is terminated; or
(2) the first payment of the annuity after the date the system receives a written request signed by the retiree canceling the request for the withholding.
Terms Used In Texas Government Code 825.516
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
- Signed: includes any symbol executed or adopted by a person with present intention to authenticate a writing. See Texas Government Code 311.005
- Written: includes any representation of words, letters, symbols, or figures. See Texas Government Code 311.005
(c) The retirement system shall send all dues withheld under this section to the nonprofit association after each monthly payment of annuities.