Texas Administrative Code
Title 34 - PUBLIC FINANCE
Part 3 - TEACHER RETIREMENT SYSTEM OF TEXAS
Chapter 25 - MEMBERSHIP CREDIT
Subchapter E - MILITARY SERVICE
Section 25.64 - Crediting Fee
Universal Citation: 34 TX Admin Code ยง 25.64
Current through Reg. 49, No. 38; September 20, 2024
(a) A crediting fee of 8 percent compounded annually shall be charged for the purchase of credit from the end of the year in which the member was first eligible to purchase the credit until payment for the credit is received. The date of first eligibility to purchase credit shall be the latest of the following:
(1) the date the member obtains 5 years'
credit for service in the public schools of Texas;
(2) the date the Teacher Retirement Law made
the military service available for credit;
(3) the date the member completed military
service to qualify for each year of credit.
(b) Service credit purchased under § 25.61 of this title (relating to Service Credit for Eligible Military Duty) shall be purchased in the order in which the service was rendered, with the earliest years of military service being purchased first.
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