Texas Government Code 844.102 – Systemwide Eligibility for Service Retirement Annuity
(a) A member is eligible to apply for and receive a service retirement annuity if the member:
(1) is at least 60 years old and has at least 10 years of credited service in the retirement system;
(2) has at least 30 years of credited service in the retirement system; or
(3) has at least 10 years of credited service in the retirement system and the sum of the member’s credited service and attained age equals or exceeds the number 80.
(b) A person who has retired under this section with a service retirement annuity is eligible, without regard to any age or credited service requirement, to apply for and receive a service retirement annuity based on the member’s accumulated contributions and service credit with any participating subdivision from which the person has terminated employment.
Terms Used In Texas Government Code 844.102
- 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.
- 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