1. (a) Service retirement benefits on service retirements, on which the first benefit is payable on or after October 1, 1985, shall be calculated on the basis of the UP-1984 table with an age setback of five years for retired members and an age setback of 10 years for beneficiaries of retired members, with a 30% reserve refund assumption for the standard benefit.
2. (b) Disability retirement benefits on disability retirements, on which the first benefit is payable on or after January 1, 1992, shall be calculated with a 30% reserve refund assumption for the standard benefit, and on the basis of the UP-1984 table with an age setback of five years for disabled annuitants and an age setback of 10 years for beneficiaries of disabled annuitants.
3. (c) The actuarial tables may be changed by the board on recommendations of the actuary to more nearly conform to the actual experience of the system with affected categories.

Source Note:The provisions of this §103.1 adopted to be effective July 27, 1976, 1 TexReg 1929; amended to be effective July 25, 1977, 2 TexReg 2654; amended to be effective October 7, 1981, 6 TexReg 3599; amended to be effective October 24, 1985, 10 TexReg 3977; amended to be effective October 23, 1991, 16 TexReg 5781.