TITLE 34.PUBLIC FINANCE

Part 6. TEXAS MUNICIPAL RETIREMENT SYSTEM

Chapter 121. PRACTICE AND PROCEDURE REGARDING CLAIMS

34 TAC §121.6

The Texas Municipal Retirement System adopts on an emergency basis amendments to §121.6, concerning the time for filing of retirement applications. These emergency amendments are being simultaneously proposed for permanent adoption in the proposed section of this issue of the Texas Register .

This rule is being amended to allow applicants for service or disability retirements to waive the requirement to file their application at least 30 days before the effective date of their retirement.

The amendments are adopted on an emergency basis to enable the Texas Municipal Retirement System to promptly process retirement applications without causing an undue financial hardship to the member. The Texas Municipal Retirement System finds that the requirements of state law (specifically those found in Texas Government Code, §854.101) require the adoption of these amendments on fewer than thirty days notice.

The amendments to §121.6 are adopted on an emergency basis pursuant to Texas Government Code, §855.102, which provides the Board of Trustees of the Texas Municipal Retirement System with the authority to adopt rules necessary or desirable for the efficient administration of the system.

§121.6.Time for Filing of Retirement Applications.

All applications for retirement, whether for service or for disability, must be filed not less than 30 nor more than 90 days prior to the date specified by the member as the effective date of his or her retirement; the date specified as the effective date for retirement must be the last day of a calendar month and may not be a date preceding the termination of the member's employment with the participating municipality. A member who files an application for retirement with the system on or before the effective date of retirement shall be deemed to have waived the requirement to file the application at least 30 days before the effective date of retirement. An application is filed when it is actually received at the office of the director of the system in Austin.

This agency hereby certifies that the emergency adoption has been reviewed by legal counsel and found to be within the agency's legal authority to adopt.

Filed with the Office of the Secretary of State, on December 27, 2001.

TRD-200108281

Gary W. Anderson

Executive Director

Texas Municipal Retirement System

Effective Date: December 27, 2001

Expiration Date: April 26, 2002

For further information, please call: (512) 225-3714


Chapter 123. ACTUARIAL TABLES AND BENEFIT REQUIREMENTS

34 TAC §123.5

The Texas Municipal Retirement System adopts on an emergency basis amendments to §123.5, concerning the requirement of spousal consent. These emergency amendments are being simultaneously proposed for permanent adoption in the proposed section of this issue of the Texas Register .

Section 804.051 of the Texas Government Code authorizes the Texas Municipal Retirement System to adopt rules requiring spousal consent in connection with the selection of a retirement annuity or death benefit plan by a member that does not pay benefits to the member's spouse in the form of an annuity. The Texas Municipal Retirement System has previously adopted a rule that requires spousal consent in connection with the election by the member of a retirement annuity. The amendments to this rule will require spousal consent in connection with the designation by the member of a beneficiary of the vested death benefit authorized by §16 of Senate Bill 522, 77th Legislative Session. The rule change will maintain consistency with respect to the application of the spousal consent rule.

The amendments are adopted on an emergency basis to comply with §16 of Senate Bill 522 and to preserve the marital property rights of the spouse. The Texas Municipal Retirement System finds that the requirements of state law (specifically those found in §16 of Senate Bill 522) require the adoption of these amendments on fewer than thirty days notice.

The amendments to §123.5 are adopted on an emergency basis pursuant to Texas Government Code, §804.051 which gives the Board of Trustees of the Texas Municipal Retirement System the authority to adopt rules to require spousal consent. In addition, the amendments to §123.5 are adopted on an emergency basis pursuant to Texas Government Code, §855.102, which provides the Board of Trustees of the Texas Municipal Retirement System with the authority to adopt rules necessary or desirable for the efficient administration of the system.

§123.5.Requirement of Spousal Consent.

(a) A vested member who is currently married may not designate a primary beneficiary other than the member's spouse or select a form of payment [ The selection by any member of the system on any form filed with the system ] of a retirement or survivor annuity [ in the form of an annuity ] other than a joint-and-survivor annuity that pays benefits to the member's spouse on the death of the member , [ is not effective ] unless the member's spouse consents to the designation or selection.

(b) - (c) (No change.)

(d) For the purposes of this section, the term "joint-and-survivor annuity that pays benefits to the member's spouse on the death of the member" means a retirement annuity for the life of the member with a survivor annuity for the life of the spouse which is not less than 50% of the amount of the annuity which is payable during the joint lives of the member and the spouse , or, if the member dies before retirement, a survivor annuity for the life of the spouse which is not less than the actuarial equivalent of an annuity described by §854.104(c)(1) of the Act when the member has died before retirement .

This agency hereby certifies that the emergency adoption has been reviewed by legal counsel and found to be within the agency's legal authority to adopt.

Filed with the Office of the Secretary of State, on December 27, 2001.

TRD-200108282

Gary W. Anderson

Executive Director

Texas Municipal Retirement System

Effective Date: January 1, 2002

Expiration Date: May 1, 2002

For further information, please call: (512) 225-3714


Chapter 129. DOMESTIC RELATIONS ORDERS

34 TAC §129.12

The Texas Municipal Retirement System adopts on an emergency basis amendments to §129.12, concerning payments to alternate payees. These emergency amendments are being simultaneously proposed for permanent adoption in the proposed section of this issue of the Texas Register .

This rule is being amended to increase the cash out provision for alternate payees from $5,000 to $10,000 to conform to changes made in §9 of Senate Bill 522, 77th Legislative Session.

The amendments are adopted on an emergency basis to comply with §9 of Senate Bill 522 and to ensure consistent treatment between retirees and alternate payees. The Texas Municipal Retirement System finds that the requirements of state law (specifically those found in §9 of Senate Bill 522) require the adoption of these amendments on fewer than thirty days notice.

The amendments to §129.12 are adopted on an emergency basis pursuant to Texas Government Code, §804.004, which provides the Board of Trustees of the Texas Municipal Retirement System with the authority to adopt rules for the payment of lump sum benefits to alternate payees. In addition, the amendments to §129.12 are adopted on an emergency basis pursuant to Texas Government Code, §855.102, which provides the Board of Trustees of the Texas Municipal Retirement System with the authority to adopt rules necessary or desirable for the efficient administration of the system.

§129.12.Payments to Alternate Payees

(a) - (c) (No change.)

(d) In the event that the total reserves upon which an annuity (otherwise payable to an alternate payee under a qualified domestic relations order) would be calculated are $10,000 [ $5,000 ] or less, then the system is authorized to make a single lump-sum payment to the alternate payee in the amount of those reserves instead of paying an annuity to the alternate payee. No such payment shall be made by the system until such point in time as the system begins paying an annuity to the participant or the participant's designated beneficiary, surviving spouse, or estate.

This agency hereby certifies that the emergency adoption has been reviewed by legal counsel and found to be within the agency's legal authority to adopt.

Filed with the Office of the Secretary of State, on December 27, 2001.

TRD-200108283

Gary W. Anderson

Executive Director

Texas Municipal Retirement System

Effective Date: January 1, 2002

Expiration Date: May 1, 2002

For further information, please call: (512) 225-3714