Texas Government Code Chapter 824 > Subchapter H – Increases in Annuities
Current as of: 2024 | Check for updates
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Other versions
| § 824.701 | Application of Annuity Increases to Certain Annuities |
| § 824.702 | Cost-of-Living Adjustment |
| § 824.703 | Cost-of-Living Adjustment: January 2024 |
Terms Used In Texas Government Code Chapter 824 > Subchapter H - Increases in Annuities
- 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
- Contract: A legal written agreement that becomes binding when signed.
- in writing: includes any representation of words, letters, or figures, whether by writing, printing, or other means. See Texas Government Code 312.011
- Month: means a calendar month. See Texas Government Code 312.011
- 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
- Statute: A law passed by a legislature.
- Year: means 12 consecutive months. See Texas Government Code 311.005