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A BILL TO BE ENTITLED
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AN ACT
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relating to designation of a beneficiary by a retiree of the |
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Employees Retirement System of Texas. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 814.008, Government Code, is amended by |
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amending Subsection (b) and adding Subsection (e) to read as |
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follows: |
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(b) If the beneficiary designated at the time of the |
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retiree's retirement is the current spouse [or former spouse] of |
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the retiree,[: |
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[(1)] the current spouse [or former spouse] must give |
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written, notarized consent to the change[; or |
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[(2) a court with jurisdiction over the marriage must |
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have ordered the change]. |
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(e) If at the time of the retiree's retirement, a |
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beneficiary designation names a former spouse as the beneficiary |
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for an annuity described in Subsection (a), the designation is |
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invalid unless the designation is made by the retiree after the date |
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of the divorce, or the divorce decree dissolving the marriage to the |
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former spouse designates the former spouse as the beneficiary. |
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SECTION 2. Section 814.008, Government Code, as amended by |
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this Act, applies to a retiree who makes a change of beneficiary on |
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or after the effective date of this Act, regardless of the date on |
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which the previous beneficiary designation was made. |
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SECTION 3. This Act takes effect September 1, 2025. |