Texas Administrative Code
Title 34 - PUBLIC FINANCE
Part 5 - TEXAS COUNTY AND DISTRICT RETIREMENT SYSTEM
Chapter 109 - DOMESTIC RELATIONS ORDERS
Section 109.2 - Definitions
Current through Reg. 49, No. 38; September 20, 2024
The following words and terms, when used in this chapter, shall have the following meanings, unless the context clearly indicates otherwise.
(1) Accumulated contributions--The contributions, other member deposits, and interest credited to a member's individual account in the employees saving fund. Accumulated contributions do not include employer matching or any employer-provided credits.
(2) Act--Texas Government Code, Title 8, Subtitle F, as amended.
(3) Actuarial present value--The value of a benefit that, as computed by the system in its sole discretion, is consistent with §841.001(1) of the Act.
(4) Alternate payee--A spouse, former spouse, child, or other dependent of a member or retiree who is recognized by a domestic relations order as having a right to receive all or a portion of the benefits payable by the system with respect to such member or retiree. The alternate payee's information is subject to the confidentiality provisions in §845.115 of the Act.
(5) Benefits--Any of the payments or benefits described in § 109.12 of this title.
(6) Domestic relations liaison--A person (who may or may not be an employee of the system) who is designated by the director of the system to receive and take action concerning domestic relations orders that are sent or delivered to the system.
(7) Domestic relations order--Any judgment, decree, or order (including one which approves a property settlement agreement) which:
(8) Participant--A member, former member of the system who has sums of money on deposit with the system or who is or may become entitled to receive any benefit from the system based on membership in the system, or a former member of the system who has commenced receiving a monthly benefit from the system.
(9) Parties--The participant and all alternate payees named in a domestic relations order.
(10) Vested--A participant is vested when he or she has earned the right to receive a lifetime monthly benefit in the future under the terms of the plan.