Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 814.403 - Return of Contributions(a) Except as provided by Subsection (d), if a member dies before retirement, the amount in the member's individual account in the employees saving account at the time of death is payable as a lump-sum death benefit.(b) Except as provided by Subsection (c), the benefit provided by this section is payable to a person designated by the member in a signed and witnessed document filed with the retirement system before the member's death. A designation, change, or revocation of a beneficiary in a will or other document not filed with the retirement system is not effective. If a member does not designate a beneficiary or if the beneficiary designation cannot be made effective, the benefit is payable to the member's estate.(c) A beneficiary designation that names a former spouse as beneficiary is invalid for purposes of this section unless the designation is made after the date of the divorce.(d) A death benefit may not be paid under this section if, at the time of death, a death benefit annuity became effective.Tex. Gov't. Code § 814.403
Amended By Acts 1995, 74th Leg., ch. 586, Sec. 22, eff. 8/28/1995.