RULE §73.13 Proportionate Retirement under Programs Administered by the Board

Published: 2015

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(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.

Source Note: The provisions of this §73.13 adopted to be effective September 21, 1981, 6 TexReg 3427; amended to be effective September 15, 1997, 22 TexReg 9005.