34 Tex. Admin. Code § 71.14 - Payments to Establish or Reestablish Service Credit
(a) A cash balance group member may not
establish or reestablish service credit under this section except to the extent
that §76.12 of this part allows the purchase of military service
credit.
(b) A member or
contributing member may purchase eligible service creditable in the system in
accordance with Tex. Gov't Code Chapter 813. The system shall grant the
applicable amount of service credit after each payment made under this section
is equal to the amount required to establish one or more months of creditable
service.
(c) Service credit that
may be established or reestablished includes military service credit, service
credit previously cancelled, and service credit not previously
established.
(d) The system shall
develop procedures and forms to be used in connection with this
section.
(e) A member who has
contributed to both the Law Enforcement and Custodial Officer Supplemental
Retirement (LECOS) fund and the ERS defined benefit plan will be allowed to
purchase previously refunded Commissioned Peace Officer and Custodial Officer
(CPO/CO) service and/or employee class service within the defined benefit plan.
If a member purchases employee class service only and decides later to retire
as a CPO/CO, the member must purchase the unpaid portion of service credit
attributable to CPO/CO service, which will include any additional contribution
to the LECOS fund plus interest, in order to receive creditable service and
retire as a CPO/CO. If the member does not purchase the unpaid portion of the
service credit attributable to CPO/CO service, then the service shall only be
creditable for the employee class of membership.
Notes
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