- (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.
Attached Graphic
- (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.