Sec. 844.002. COMPOSITION OF RETIREMENT ANNUITY. (a) Each retirement annuity payable under this subtitle consists of a basic annuity and a supplemental annuity. (b) A basic annuity is an amount payable from the subdivision accumulation fund and is actuarially determined from the sum of a member's: (1) accumulated contributions; and (2) current service credit. (c) A supplemental annuity is an amount payable from the subdivision accumulation fund, subject to limitation under Section 844.008 , and is actuarially determined from the sum of: (1) a member's allocated prior service credit; and (2) a member's multiple matching credit. (d) Any increase in the annuity granted by a participating subdivision is payable from the subdivision accumulation fund as part of the supplemental annuity. (e) A separate retirement annuity is payable with respect to each subdivision from which a person retires under this subtitle or is considered to have retired.
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