(1)  The board will make available to the public model forms approved for inclusion in a proposed Family Law Order (FLO).

(2) If benefits are currently payable to the participant(s), the FLO may specify a future effective date; however, a FLO may not provide for payments to an alternate payee prior to the date on which the participant first becomes eligible for payment from the TRS.

(3) Two basic types of payment distributions are allowed to alternate payees: "fixed amount" and "actuarially equivalent benefit."

(a) A "fixed amount" must designate a specific total dollar amount to be paid to the alternate payee over a specified period of time, or a specified monthly amount payable for the life of the participant, neither of which can be greater than the total monthly benefit payable to the participant.

(b) An "actuarially equivalent benefit" is payable for the life of the alternate payee.