Texas Administrative Code
Title 34 - PUBLIC FINANCE
Part 3 - TEACHER RETIREMENT SYSTEM OF TEXAS
Chapter 29 - BENEFITS
Subchapter A - RETIREMENT
Section 29.16 - Unpaid Benefits

Universal Citation: 34 TX Admin Code ยง 29.16

Current through Reg. 49, No. 38; September 20, 2024

(a) If the Teacher Retirement System of Texas (TRS) determines that amounts payable to an annuitant were not received by the annuitant before the annuitant's death, TRS may pay the amounts to the annuitant's designated beneficiary for benefits payable under the Government Code, § 824.501. Before paying the designated beneficiary, TRS shall make the following determinations:

(1) the amount payable is no greater than $20,000;

(2) the designated beneficiary has survived the annuitant; and

(3) TRS has received no notice of a probate or similar proceeding in which payment could be made to the annuitant's estate.

(b) TRS may require proof from the designated beneficiary necessary to make the determinations.

(c) TRS may determine that payment should not be made to the designated beneficiary if doing so would violate the Internal Revenue Code of 1986, §401(a) (26 United States Code §401).

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