Texas Government Code 845.114 – Definition of Participant; Obtaining Information
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(a) In this chapter, “participant” means a member, former member, retiree, annuitant, beneficiary, or alternate payee of the retirement system.
(b) The retirement system shall obtain from participants and subdivisions information necessary for the proper operation and administration of the system.
Terms Used In Texas Government Code 845.114
- 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) Each participant and subdivision shall timely provide to the retirement system in the form and manner specified by the system information the board of trustees determines to be necessary for the proper operation and administration of the system.