| (a) An application for retirement must be signed and
dated by the member or the member's authorized representative and
must specify an effective retirement date on which the member had
satisfied all requirements for retirement as such requirements existed
on the effective retirement date.
(b) The date specified as the effective date for retirement
must be the last day of a calendar month falling within the period
that is no more than six months before the date the system receives
the retirement application and may not precede the first anniversary
of the effective date of participation of the subdivision.
(c) A member must have terminated from employment on
or before the effective retirement date designated on the application.
If the member is applying for:
(1) service retirement, the date specified as the effective
date of retirement with respect to a subdivision may not be a date
preceding the termination of the member's employment with the subdivision
from which the member wishes to retire.
(2) disability retirement, the date specified as the
effective date of retirement may not be prior to the later of the
date the member terminated employment with all participating subdivisions
or the date the member became disabled.
(d) If the specified effective retirement date is prior
to the date the system receives the retirement application, the retirement
annuity shall be calculated under the plan provisions in effect on
the effective retirement date but with the options selected and beneficiaries
designated incident to the application. All unpaid annuity payments
attributable to the period from the effective date of retirement through
the date the retirement application is processed by the system will
be accumulated and paid, without interest, as a single sum.
(e) An annuity approved by the system is payable beginning
on the last day of the first month following the effective date of
retirement.
|
| Source Note: The provisions of this §101.6 adopted to be effective July 27, 1976, 1 TexReg 1929; amended to be effective May 1, 1993, 18 TexReg 2415; amended to be effective January 10, 1996, 21 TexReg 134; amended to be effective December 31, 1999, 24 TexReg 9300; amended to be effective July 27, 2003, 28 TexReg 5660; amended to be effective October 18, 2007, 32 TexReg 7264; amended to be effective March 25, 2010, 35 TexReg 2313; amended to be effective October 23, 2016, 41 TexReg 8205 |
