84th Texas Legislature, Regular Session, House Bill 638, Chapter 689 Page: 4 of 11
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H.B. No. 638
1 or (5) may designate:
2 (1) one designated beneficiary to receive the
3 remainder of the annuity payments;
4 (2) two or more designated beneficiaries to receive
5 the remainder of the annuity payments in equal amounts; or
6 (3) a primary designated beneficiary to receive the
7 remainder of the annuity payments and an additional beneficiary.
8 (b) If a designated beneficiary designated under Subsection
9 (a) (2) dies before the remainder of the annuity payments are paid,
10 the comptroller shall recalculate the payments so that the
11 remaining designated beneficiaries receive the remainder of the
12 annuity payments in equal amounts.
13 (c) An additional beneficiary designated under Subsection
14 (a) (3) takes the place of the primary beneficiary if the primary
15 beneficiary dies before the remainder of the annuity payments are
16 paid. A claimant may select not more than four additional
17 beneficiaries and shall determine the order in which the additional
18 beneficiaries are to succeed the primary beneficiary. The remainder
19 of the annuity payments under this subsection are paid to one
20 beneficiary at a time until the beneficiary dies or the remaining
21 annuity payments are paid. If each additional beneficiary dies
22 before the remainder of the annuity payments are paid, the
23 remainder of the annuity payments are payable to the claimant's
24 estate.
25 (d) A designated beneficiary under this section must be a
26 dependent of the claimant. For purposes of this subsection,
27 "dependent" includes a claimant's spouse, minor child, and any4
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Texas. Legislature. House of Representatives. 84th Texas Legislature, Regular Session, House Bill 638, Chapter 689, legislative document, June 17, 2015; [Austin, Texas]. (https://texashistory.unt.edu/ark:/67531/metapth704679/m1/4/: accessed April 25, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.