Texas Administrative Code › Title 34 - PUBLIC FINANCE › Part 3 - TEACHER RETIREMENT SYSTEM OF TEXAS › Chapter 51 - GENERAL ADMINISTRATION › Section 51.13 - Five-Year Service Credit Requirement Effective August 31, 2014

Current through Reg. 49, No. 28; July 12, 2024
(a) A member with less than five years of
				service credit on August 31, 2014 and/or a person whose membership begins on or
				after September 1, 2014, must meet the requirements of § 824.202(a-2),
				Government Code, to be eligible for a standard service retirement
				annuity.
(b) An eligible member may
				purchase any withdrawn, unreported, waiting period, and/or USERRA service
				credit in order to meet the five years of service credit requirement. Except as
				provided in subsection (c) of this section, the purchase of any withdrawn
				service credit must be completed, i.e. amount required to purchase the service
				credit paid in full, by August 31, 2014. If the purchase of service credit
				includes any years of service credit that may be purchased one year at a time,
				only the amount required to purchase the number of years of service credit
				needed to meet the five years of service credit requirement must be paid in
				full by August 31, 2014.
(c) An
				eligible member seeking to purchase service credit in order to meet the five
				years of service credit requirement must submit a request to purchase the
				service credit to TRS. The request to purchase the service credit and all
				documentation required to establish eligibility to purchase the service credit
				must be received by TRS before 12:00 a.m. on September 3, 2014. A member
				meeting this requirement will be given until the later of 11:59 p.m. on
				September 2, 2014 or a 30-day period from the date TRS mails the bill for the
				purchase of service credit to submit full payment for the service credit to be
				used in meeting the five years of service credit requirement.
(d) A member who meets the five years of
				service credit requirement on August 31, 2014 or as described in subsection (c)
				of this section, but terminates membership by withdrawal of accumulated
				contributions after that date and later resumes membership in TRS must meet the
				requirements of § 824.202(a-2), Government Code, to be eligible for a
				standard service retirement annuity.
(e) A person who was a member of TRS on
				August 31, 2014 and who has verified but not purchased USERRA service credit
				for eligible military service performed before September 1, 2014 may use the
				USERRA service credit to meet the five years of service credit requirement
				provided membership is maintained until retirement. The USERRA service may be
				verified any time before retirement.
(f) A person who is a member of TRS on August
				31, 2014 and who has service credited on August 31, 2014 in the Employees
				Retirement System of Texas (ERS) or another retirement system participating in
				the Proportionate Retirement Program established in Chapter 803, Government
				Code and maintains the combined service credit until retirement, may use the
				combined service credit to meet the five years of service credit requirement
				described in this section.