34 Tex. Admin. Code § 107.5 - Termination of Membership on Withdrawal; Cancellation of Withdrawal Application
(a) If a member
files an application to withdraw all accumulated contributions credited to a
member's individual accounts in the employees saving fund pursuant to §
842.108(b),
Government Code, the date shown on the first check the system sends or causes
to be sent as payment of any portion of the member's accumulated contributions
is the date on which the person's membership in the system terminates under
§842.109 of that code as a result of that payment.
(b) If a person files an application for
withdrawal of accumulated contributions, the accounts that are the subject of
the application will be closed as of the date shown on the first check which
the system sends or causes to be sent as payment of any portion of the
accumulated contributions.
(c) An
application for withdrawal of accumulated contributions may be cancelled and
the accounts that were the subject of the application reinstated retroactive to
the date of closure provided no check issued by or on behalf of the system with
respect to the application has been cashed or deposited and all such checks are
returned to the system within 60 days of the date shown on the first check sent
as payment of any portion of the accumulated contributions.
Notes
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