Texas § GV.803.204 - COMBINED SERVICE CREDIT IN CERTAIN SYSTEMS

§ GV.803.204. COMBINED SERVICE CREDIT IN CERTAIN SYSTEMS

COMBINED SERVICE CREDIT IN CERTAIN SYSTEMS. (a) This section applies only to an employee who: (1) is a member of a municipal retirement system described by Section 803.0021 (1); (2) is employed by a hospital district, a charitable organization supervised, overseen, and effectively controlled by the hospital district, or an administrative agency created under Section 791.013 , either before or after being employed by the employing municipality located in the same county as the hospital district, charitable organization, or administrative agency; and (3) participates in a public retirement system: (A) that is determined to be a qualified plan under Section 401(a), Internal Revenue Code of 1986 (26 U.S.C. Section 401(a)), of a hospital district, charitable organization, or administrative agency that is determined to be a governmental unit, or an agency or an instrumentality of a governmental unit; and (B) that records and reports service credit as defined by Section 803.001 . (b) Any service credit earned by an employee described by Subsection (a) with a retirement system established by the hospital district, charitable organization, or administrative agency will be combined under Section 803.201 to determine whether the employee meets the length-of-service requirements for service retirement under the municipal retirement system. (c) On retirement, an employee described by Subsection (a) will receive a benefit from the municipal retirement system as determined by Subchapter D, and if the hospital district or administrative agency has established or participates in a retirement program or the charitable organization has a retirement plan, will receive a benefit from the hospital district, administrative agency, or charitable organization as determined by the terms of the district's, agency's, or organization's retirement plan. (d) For purposes of this section, a charitable organization supervised, overseen, and effectively controlled by a hospital district or an administrative agency created under Section 791.013 is an agency or instrumentality of a governmental unit. Added by Acts 2007, 80th Leg., R.S., Ch. 164 (S.B. 1107 ), Sec. 1, eff. September 1, 2007. Amended by: Acts 2009, 81st Leg., R.S., Ch. 217 (S.B. 1063 ), Sec. 2, eff. May 27, 2009. SUBCHAPTER D. BENEFITS