Section 25.191 - Time Period at Retirement to Complete Purchase of Service Credit(a) Payment for service credit other than service credit for accumulated state personal or sick leave must be received not later than two calendar months after the later of the member's effective retirement date or the last day of the month in which the member submits a retirement application and before the later of the due date for the member's first monthly annuity payment or the date on which the Teacher Retirement System of Texas (TRS) issues the first monthly annuity payment to the member. If the service credit other than service credit for accumulated state personal or sick leave must be purchased in order to establish eligibility to retire, the purchase must be completed by the effective date of retirement. If the purchase of the service credit other than service credit for accumulated state personal or sick leave cannot be completed within the time period provided in this section, the member may decline to purchase the service credit and maintain the member's effective retirement date or may revoke the member's effective retirement date and select a later effective retirement date that provides sufficient time to complete the purchase of the service credit. (b) Payment for accumulated state personal or sick leave service credit must be received by TRS not later than the 90th day after the date TRS issues a cost statement for the purchase of the service credit. If the purchase is being made by a rollover distribution from another eligible retirement plan or a direct trustee-to-trustee transfer of funds from an eligible plan as described in § 823.403(d), Government Code, TRS may grant the member a one-time 30 day extension to complete the purchase. If the member cannot complete the purchase within the time period provided, the member may decline to purchase the accumulated state personal or sick leave service credit and maintain the member's effective retirement date or may revoke the member's effective retirement date and select a later effective retirement date that provides sufficient time to complete the purchase. Accumulated state personal or sick leave credit may not be purchased in order to establish eligibility for retirement benefits.34 Tex. Admin. Code § 25.191
Adopted by Texas Register, Volume 42, Number 45, November 10, 2017, TexReg 6372, eff. 11/14/2017