Texas Administrative Code
Title 34 - PUBLIC FINANCE
Part 3 - TEACHER RETIREMENT SYSTEM OF TEXAS
Chapter 49 - COLLECTION OF DELINQUENT OBLIGATIONS
Section 49.7 - Exceptions
Universal Citation: 34 TX Admin Code ยง 49.7
Current through Reg. 49, No. 38; September 20, 2024
(a) The following obligations to TRS shall be exempt from the procedures in this chapter:
(1) obligations arising from the investments
of the system, which shall be governed by the TRS investment policy and
procedures;
(2) state
contributions;
(3) other
obligations for which a statute provides alternative collection procedures,
including but not limited to:
(A) employer
reimbursement or assumption of state contributions;
(B) unpaid member contributions;
(C) overpayments that TRS concludes may
appropriately be recovered by actuarial adjustments to benefits;
(4) collections made by third
parties pursuant to legally authorized contracts.
(b) Voluntary payments made to TRS, including installment payments for special service credit or reinstated service credit, are not obligations to TRS and may not be considered delinquent obligations. Such payments are not subject to this chapter.
(c) For good cause the executive director or his designee may make exceptions to the procedures in this chapter.
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