(a) The retirement system shall transfer to the retirement annuity reserve account money as required by Section 815.318, 815.319, or 815.321.
(b) The retirement system shall use the money in the account to pay annuities as provided by this subtitle.
RETIREMENT ANNUITY RESERVE ACCOUNT
Acts 1981, 67th Leg., p. 1876, ch. 453, Sec. 1, eff
(a) The retirement system shall transfer to the retirement annuity reserve account money as required by Section 815.318, 815.319, or 815.321.
(b) The retirement system shall use the money in the account to pay annuities as provided by this subtitle.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.