Law:Title 8. Public Retirement Systems. Subtitle H. Texas Emergency Services Retirement System from Chapter 863. Creditable Service (Texas)

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Subtitle H. Texas Emergency Services Retirement System

Contents

Chapter 863. Creditable Service

Section 863.001.  Credit For Current Service.

A member is entitled to receive credit in the pension system for each month of qualified service for which the system receives the contributions required by this subtitle.

Added by Acts 2005, 79th Leg., Ch. 803, Sec. 1, eff. September 1, 2005.



Section 863.002.  Credit For Military Service. The

pension system shall grant credit for qualified service for military duty in accordance with Section 414(u) of the Internal Revenue Code of 1986 (26 U.S.C. Section 414(u)) and other applicable federal law.

Added by Acts 2005, 79th Leg., Ch. 803, Sec. 1, eff. September 1, 2005.



Section 863.003.  Transfer Of Service Credit.

A member who terminates service, except by retirement, and later resumes service with the same participating department or begins service with another participating department may transfer all previously accrued service credit to the new department.

Added by Acts 2005, 79th Leg., Ch. 803, Sec. 1, eff. September 1, 2005.



Section 863.004.  Prior Service Of Member Before Departmental Participation.

The state board by rule may authorize the granting of credit for service with a participating department that was performed before the date the department began participation in the pension system.  The costs of granting prior service credit under this section must be determined on a basis that maintains the pension system as actuarially sound.

Added by Acts 2005, 79th Leg., Ch. 803, Sec. 1, eff. September 1, 2005.



Section 863.005.  Charge For Certain Past Due Contributions.

The state board by rule may impose an interest charge on contributions due because of a correction of an error by a local board related to enrollment or qualified service.  The charge must be based on the pension system's current assumed rate of return.  Charges collected shall be deposited in the fund.

Added by Acts 2009, 81st Leg., R.S., Ch. 697, Sec. 5, eff. September 1, 2009.


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