34 Tex. Admin. Code § 29.72 - Eligibility to Select PLSO

(a) Except as provided in subsection (b) of this section, effective September 1, 2005, a member is eligible to select a partial lump-sum distribution only if the member's age and years of service credit total at least 90 at the time of retirement and the member meets the other requirements of § 824.2045, Government Code, as amended by Senate Bill 1691, 79th Legislature, Regular Session (2005).

(b) A member eligible under § 51.12 of this title (relating to Applicability of Certain Laws in Effect Before September 1, 2005) is eligible to select a partial lump-sum distribution as provided by § 824.2045, Government Code, prior to its amendment effective September 1, 2005, by Senate Bill 1691, 79th Legislature, Regular Session (2005). Under §824.2045 prior to amendment, to be eligible to select a partial lump-sum distribution, a member must be eligible for an unreduced service retirement annuity under § 824.202(a), Government Code, as it existed prior to amendment effective September 1, 2005, and must not be participating in the deferred retirement option plan under Subchapter E of this chapter.

Notes

34 Tex. Admin. Code § 29.72

The provisions of this §29.72 adopted to be effective December 29, 2005, 30 TexReg 8699