34 Tex. Admin. Code § 51.13 - Five-Year Service Credit Requirement Effective August 31, 2014
(a) A member with less than five years of
service credit on August 31, 2014 and/or a person whose membership begins on or
after September 1, 2014, must meet the requirements of § 824.202(a-2),
Government Code, to be eligible for a standard service retirement
annuity.
(b) An eligible member may
purchase any withdrawn, unreported, waiting period, and/or USERRA service
credit in order to meet the five years of service credit requirement. Except as
provided in subsection (c) of this section, the purchase of any withdrawn
service credit must be completed, i.e. amount required to purchase the service
credit paid in full, by August 31, 2014. If the purchase of service credit
includes any years of service credit that may be purchased one year at a time,
only the amount required to purchase the number of years of service credit
needed to meet the five years of service credit requirement must be paid in
full by August 31, 2014.
(c) An
eligible member seeking to purchase service credit in order to meet the five
years of service credit requirement must submit a request to purchase the
service credit to TRS. The request to purchase the service credit and all
documentation required to establish eligibility to purchase the service credit
must be received by TRS before 12:00 a.m. on September 3, 2014. A member
meeting this requirement will be given until the later of 11:59 p.m. on
September 2, 2014 or a 30-day period from the date TRS mails the bill for the
purchase of service credit to submit full payment for the service credit to be
used in meeting the five years of service credit requirement.
(d) A member who meets the five years of
service credit requirement on August 31, 2014 or as described in subsection (c)
of this section, but terminates membership by withdrawal of accumulated
contributions after that date and later resumes membership in TRS must meet the
requirements of § 824.202(a-2), Government Code, to be eligible for a
standard service retirement annuity.
(e) A person who was a member of TRS on
August 31, 2014 and who has verified but not purchased USERRA service credit
for eligible military service performed before September 1, 2014 may use the
USERRA service credit to meet the five years of service credit requirement
provided membership is maintained until retirement. The USERRA service may be
verified any time before retirement.
(f) A person who is a member of TRS on August
31, 2014 and who has service credited on August 31, 2014 in the Employees
Retirement System of Texas (ERS) or another retirement system participating in
the Proportionate Retirement Program established in Chapter 803, Government
Code and maintains the combined service credit until retirement, may use the
combined service credit to meet the five years of service credit requirement
described in this section.
Notes
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