Texas Government Code 864.006 – Member Service Death Benefits
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(a) The surviving spouse and dependents of a member who dies as a result of performing emergency services or support services are entitled to receive in equal shares a death benefit annuity equal to the service retirement annuity that the decedent would have been entitled to receive if the decedent had been able to retire, vested at 100 percent, on the date of the decedent’s death.
(b) The beneficiary of a member who dies as a result of performing emergency services or support services is entitled to a lump-sum benefit of $5,000 or a greater amount that the state board provides by rule.
Terms Used In Texas Government Code 864.006
- 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.
- 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
- Decedent: A deceased person.
- Rule: includes regulation. See Texas Government Code 311.005