Loading chat...

TX HB5632

Bill

Status

Engrossed

5/16/2025

Primary Sponsor

Ryan Guillen

Click for details

Origin

House of Representatives

89th Legislature Regular Session

AI Summary

  • 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

  • Removes the provision allowing a court with jurisdiction over the marriage to order a beneficiary change

  • 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

  • Applies to any retiree who changes their beneficiary on or after the effective date, regardless of when the original designation was made

  • 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

Committee Referrals

Finance5/19/2025
Pensions, Investments & Financial Services4/7/2025

Full Bill Text

No bill text available