34 Tex. Admin. Code § 29.12 - Early Age Retirement Benefit Calculated on Law in Effect Before September 1, 2005
(a) If a member
eligible under §
51.12 of this title (relating to
Applicability of Certain Laws in Effect Before September 1, 2005) is at least
55 years old and has at least 20 years of service credit in the retirement
system, the member is eligible to retire and receive a service retirement
annuity reduced from the standard service retirement annuity available under
§ 824.202(a)(2), Government Code, to a percentage derived from the
following table, as provided by §
824.202(c),
Government Code, prior to its repeal effective September 1, 2005, by Senate
Bill 1691, 79th Legislature, Regular Session (2005):
(b)
Actuarial tables adopted under §
29.11 of this title for early age
retirement reduction factors using age in years and months derived from the
table in subsection (a) of this section using age in whole years remain in
effect for retirement after September 1, 2005 for members eligible under §
51.12 of this title.
Notes
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