| (a) A retiree may change the designation of beneficiary
for survivor benefits at any time.
(b) A retiree who retired before June 26, 2015 and
is receiving a standard service or disability retirement annuity under
Government Code, §824.203 or §824.304(b), who was not permitted
to name a same-sex spouse as the beneficiary of an optional annuity
at retirement because of the Internal Revenue Code restriction on
adjusted minimum age difference between the retiree and the beneficiary,
or who married after retirement but before June 26, 2015 and was not
permitted to name the retiree's same-sex spouse as the beneficiary
of an optional annuity under Government Code, §824.1011, may
no later than December 31, 2017 replace the standard annuity under §824.1011
and select an optional annuity under Government Code, §824.204(c)(1),
(c)(2), or (c)(5), or under Government Code, §824.308(c)(1),
(c)(2), or (c)(5), on a form prescribed by TRS and designate the retiree's
spouse as the beneficiary as if the retiree had married after retirement.
The selection of the optional annuity and the designation of the beneficiary
of the optional annuity do not take effect until the first annuity
payment that becomes due two years after the date the selection and
designation are received by TRS.
|
| Source Note: The provisions of this §29.13 adopted to be effective January 1, 1976; amended to be effective September 29, 1989, 14 TexReg 4784; amended to be effective September 17, 1997, 22 TexReg 9257; amended to be effective January 1, 2016, 40 TexReg 9728 |
