Texas § GV.844.309 - ADJUSTMENTS AT ANNUITY TERMINATION

§ GV.844.309. ADJUSTMENTS AT ANNUITY TERMINATION

ADJUSTMENTS AT ANNUITY TERMINATION. (a) If a disability retirement is canceled and the retirement annuity terminated under this subchapter, the person automatically resumes membership in the retirement system and the retirement system shall transfer from the subdivision accumulation fund and credit to the person's individual account in the employees saving fund an amount equal to the amount of accumulated contributions transferred to the subdivision accumulation fund at the time of retirement reduced by one percent for each year or part of a year during which disability annuity payments were made. (b) If a person whose membership resumes under this section was receiving a supplemental annuity based in whole or in part on prior service credit, the retirement system shall restore to effect as the person's maximum prior service credit an amount equal to the person's maximum prior service credit at the time of disability retirement reduced by one percent for each year or part of a year during which disability annuity payments were made. (c) A person who resumes membership under this section is entitled to restoration of credited service in the number of months accumulated and allowed before disability retirement. (d) The board of trustees may adopt rules for the computation and transfer of amounts and credits for a membership resumed under this subchapter. Acts 1981, 67th Leg., p. 1876, ch. 453, Sec. 1, eff. Sept. 1, 1981. Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 54.308 and amended by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989. Amended by Acts 1991, 72nd Leg., ch. 460, Sec. 18, eff. Jan. 1, 1992; Acts 2001, 77th Leg., ch. 122, Sec. 36, eff. Dec. 31, 2001. Amended by: Acts 2007, 80th Leg., R.S., Ch. 873 (H.B. 1587 ), Sec. 48, eff. January 1, 2008. Acts 2015, 84th Leg., R.S., Ch. 303 (S.B. 463 ), Sec. 3, eff. June 1, 2015. SUBCHAPTER E. DEATH BENEFITS