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TX HB5632
Bill
Status
5/16/2025
Primary Sponsor
Ryan Guillen
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AI Summary
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Amends Section 814.008 of the Government Code to require only the current spouse (not former spouse) to provide written, notarized consent when a retiree changes their beneficiary designation
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Removes the provision allowing a court with jurisdiction over the marriage to order a beneficiary change
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Establishes that a beneficiary designation naming a former spouse is invalid unless the retiree made the designation after the divorce date or the divorce decree specifically designates the former spouse as beneficiary
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Applies to any retiree who changes their beneficiary on or after the effective date, regardless of when the original designation was made
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Takes effect September 1, 2025
Legislative Description
Relating to designation of a beneficiary by a retiree of the Employees Retirement System of Texas.
Retirement Systems
Last Action
Referred to Finance
5/19/2025