Actuarial tables furnished by Watson Wyatt Worldwide, Consulting Actuaries, will be used for computation of benefits. Factors for ages or types of annuities not included in the tables will be computed from the same data by the same general formulas. The Teacher Retirement System adopts by reference Watson Wyatt Worldwide's June 1997, factors for retirement options and the early age reduction factors based on 8.0% interest. These actuarial tables shall be effective beginning September 1, 1997. The Teacher Retirement System also adopts by reference Watson Wyatt Worldwide's June 1997 factors for disabled member retirement options based on 8.0% interest. These actuarial tables shall be effective beginning September 1, 1997. The board of trustees may change the tables or adopt new tables from time to time by amending this section; provided, however, that any such change does not result in any member receiving a smaller benefit than the benefit computed immediately before the change. Information regarding and/or copies of these tables may be obtained by contacting Teacher Retirement System of Texas, 1000 Red River Street, Austin, Texas 78701-2698, (512) 397-6400.

Source Note:The provisions of this §29.11 adopted to be effective January 1, 1976; amended to be effective December 30, 1976, 1 TexReg 3659; amended to be effective September 1, 1979, 4 TexReg 2198; amended to be effective January 2, 1981, 5 TexReg 4992; amended to be effective September 1, 1982, 7 TexReg 2487; amended to be effective September 1, 1984, 9 TexReg 3471; amended to be effective October 20, 1986, 11 TexReg 4216; amended to be effective September 1, 1989, 14 TexReg 4133; amended to be effective September 1, 1991, 16 TexReg 3943; amended to be effective September 1, 1992, 17 TexReg 2242; amended to be effective June 1, 1995, 20 TexReg 3734; amended to be effective October 13, 1995, 20 TexReg 7994; amended to be effective September 17, 1997, 22 TexReg 9257.