HB5632 - Relating to designation of a beneficiary by a retiree of the Employees Retirement System of Texas.

  89R22043 RDR-F     By: Guillen H.B. No. 5632       A BILL TO BE ENTITLED   AN ACT   relating to designation of a beneficiary by a retiree of the   Employees Retirement System of Texas.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Section 814.008, Government Code, is amended by   amending Subsection (b) and adding Subsection (e) to read as   follows:          (b)  If the beneficiary designated at the time of the   retiree's retirement is the current spouse [ or former spouse ] of   the retiree , [ :                [ (1) ]  the current spouse [ or former spouse ] must give   written, notarized consent to the change[ ; or                [ (2)     a court with jurisdiction over the marriage must   have ordered the change ].           (e)     If at the time of the retiree's retirement, a   beneficiary designation names a former spouse as the beneficiary   for an annuity described in Subsection (a), the designation is   invalid unless the designation is made by the retiree after the date   of the divorce, or the divorce decree dissolving the marriage to the   former spouse designates the former spouse as the beneficiary.          SECTION 2.  Section 814.008, Government Code, as amended by   this Act, applies to a retiree who makes a change of beneficiary on   or after the effective date of this Act, regardless of the date on   which the previous beneficiary designation was made.          SECTION 3.  This Act takes effect September 1, 2025.