Current through Reg. 49, No. 50; December 13, 2024
Section 71.14 - Payments to Establish or Reestablish Service Credit(a) A cash balance group member may not establish or reestablish service credit under this section except to the extent that §76.12 of this part allows the purchase of military service credit.(b) A member or contributing member may purchase eligible service creditable in the system in accordance with Tex. Gov't Code Chapter 813. The system shall grant the applicable amount of service credit after each payment made under this section is equal to the amount required to establish one or more months of creditable service.(c) Service credit that may be established or reestablished includes military service credit, service credit previously cancelled, and service credit not previously established.(d) The system shall develop procedures and forms to be used in connection with this section.(e) A member who has contributed to both the Law Enforcement and Custodial Officer Supplemental Retirement (LECOS) fund and the ERS defined benefit plan will be allowed to purchase previously refunded Commissioned Peace Officer and Custodial Officer (CPO/CO) service and/or employee class service within the defined benefit plan. If a member purchases employee class service only and decides later to retire as a CPO/CO, the member must purchase the unpaid portion of service credit attributable to CPO/CO service, which will include any additional contribution to the LECOS fund plus interest, in order to receive creditable service and retire as a CPO/CO. If the member does not purchase the unpaid portion of the service credit attributable to CPO/CO service, then the service shall only be creditable for the employee class of membership.34 Tex. Admin. Code § 71.14
The provisions of this §71.14 adopted to be effective September 2, 1993, 18 TexReg 5593; amended to be effective September 15, 1997, 22 TexReg 9004; amended to be effective March 15, 2010, 35 TexReg 2200; Amended by Texas Register, Volume 40, Number 51, December 18, 2015, TexReg 9304, eff. 12/24/2015; Amended by Texas Register, Volume 43, Number 12, March 23, 2018, TexReg 1875, eff. 3/27/2018; Amended by Texas Register, Volume 47, Number 36, September 9, 2022, TexReg 5497, eff. 9/14/2022