| (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.
|
| Source Note: The provisions of this §71.14 adopted to be effective September 2, 1993, 18 TexReg 5593; amended to be effective September 15, 1997, 22 TexReg 9004; amended to be effective March 15, 2010, 35 TexReg 2200; amended to be effective December 24, 2015, 40 TexReg 9304; amended to be effective March 27, 2018, 43 TexReg 1875; amended to be effective September 14, 2022, 47 TexReg 5497 |
