Texas Administrative Code

Texas Administrative Code

TITLE 34	PUBLIC FINANCE
PART 5	TEXAS COUNTY AND DISTRICT RETIREMENT SYSTEM
CHAPTER 107	MISCELLANEOUS RULES
RULE §107.5	Termination of Membership on Withdrawal; Cancellation of Withdrawal Application

(a) If a member files an application to withdraw all accumulated contributions credited to a member's individual accounts in the employees saving fund pursuant to §842.108(b), Government Code, the date shown on the first check the system sends or causes to be sent as payment of any portion of the member's accumulated contributions is the date on which the person's membership in the system terminates under §842.109 of that code as a result of that payment.

(b) If a person files an application for withdrawal of accumulated contributions, the accounts that are the subject of the application will be closed as of the date shown on the first check which the system sends or causes to be sent as payment of any portion of the accumulated contributions.

(c) An application for withdrawal of accumulated contributions may be cancelled and the accounts that were the subject of the application reinstated retroactive to the date of closure provided no check issued by or on behalf of the system with respect to the application has been cashed or deposited and all such checks are returned to the system within 60 days of the date shown on the first check sent as payment of any portion of the accumulated contributions.

Source Note: The provisions of this §107.5 adopted to be effective November 1, 1998, 23 TexReg 10885; amended to be effective January 6, 2002, 26 TexReg 11037; amended to be effective July 27, 2005, 30 TexReg 4215