SECTION 29.71. Tables

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(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.

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(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.

Source Note: The provisions of this §29.71 adopted to be effective October 28, 1999, 24 TexReg 9298; amended to be effective September 1, 2019, 44 TexReg 4187; amended to be effective September 1, 2023, 48 TexReg 4520

                    
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