HB 5632

Principle Criteria
neutral
Free Enterprise
neutral
Property Rights
neutral
Personal Responsibility
neutral
Limited Government
neutral
Individual Liberty
Digest
HB 5632 amends the Employees Retirement System of Texas (ERS) rules to allow retirees receiving optional service or disability retirement annuities to change their designated beneficiary after retirement. Spousal consent or a court order is required if the original beneficiary was a spouse. The new beneficiary can only receive payments based on the retiree's remaining life expectancy at retirement​.
Author (1)
Ryan Guillen
Sponsor (1)
Judith Zaffirini
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