Texas Government Code 839.203 – Disability Retirement Annuity
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(a) Except as provided by Subsection (b) or (c), a disability retirement annuity is an amount computed as provided by § 839.102.
(b) The amount of a disability retirement annuity is not reducible because of the age of the retiring member.
Terms Used In Texas Government Code 839.203
- 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
(c) Instead of a disability retirement annuity computed as provided by § 839.102, a retiring member may elect to receive an optional disability retirement annuity payable as provided by § 839.103.
(d) A disability retirement annuity is payable for the duration of the retiree’s disability. If a retiree who has selected an optional disability retirement annuity dies while receiving the annuity, the annuity is payable throughout the life of the retiree’s designated beneficiary or for a guaranteed period after the date of retirement, depending on the option selected.