34 Tex. Admin. Code § 29.71 - Tables
(a) Any eligible
retiree who selects a partial lump-sum option will receive an actuarially
reduced annuity to reflect the selection of the lump-sum option. TRS will use
Factor Tables for Partial Lump-Sum Option Payments furnished by the TRS actuary
of record.
(b) The member's age in
whole years will be used from column one and the percentage of standard annuity
factor from column three, four, or five depending on the number of months of
lump-sum selected, will be used to determine the percentage of standard annuity
that will be paid to a person who elects to participate in the partial lump-sum
option plan.
Notes
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