34 Tex. Admin. Code § 73.13 - Proportionate Retirement under Programs Administered by the Board
(a) Benefits shall be calculated as if
retirement credit established in the two classes of service in the Employees
Retirement System had been rendered in separate systems.
(b) The combined service credit of a member
who is retiring exclusively under programs administered by the board must meet
the vesting period required for any class of service in the programs in which
the member has retirement credit.
(c) A member who has credit in the elective
class and who retires with 10 or more years of service credit in the Employees
Retirement System, exclusive of military service credit, may receive retirement
benefits as an elective state official for a portion of the military service
credit. The percentage of military credit to be considered elective service is
derived by dividing the number of months of creditable service as an elective
state official by 96 months.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.