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TITLE 34PUBLIC FINANCE
PART 4EMPLOYEES RETIREMENT SYSTEM OF TEXAS
CHAPTER 76CASH BALANCE BENEFIT
RULE §76.9Annual Interest Rate
(a) The annual interest rate established by Tex. Gov't Code §820.102 shall be applied to a cash balance group member's accumulated account balance, adjusted for compounding, at the beginning of each month before any contribution is deposited.

(b) The system shall not recalculate any annuity based on annual interest.
Source Note: The provisions of this §76.9 adopted to be effective September 14, 2022, 47 TexReg 5498

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