Texas Government Code 824.002 – Effective Date of Retirement
(a) The effective date of a member’s service retirement is the last day of the later of the following months:
(1) any month in a three-month period in which the third month is the month in which the member applies for retirement as provided by § 824.201;
(2) the month in which the member satisfies age and service requirements for service retirement as provided by § 824.202; or
(3) the month in which the member’s employment in a position included in the coverage of the retirement system ends.
(b) The effective date of a member’s disability retirement is the last day of the later of the following months:
(1) any month in a three-month period in which the third month is the month in which the member applies for retirement as provided by § 824.301; or
(2) the month in which the member’s employment in a position included in the coverage of the retirement system ends.
Terms Used In Texas Government Code 824.002
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
- Contract: A legal written agreement that becomes binding when signed.
- Month: means a calendar month. See Texas Government Code 312.011
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
- Year: means 12 consecutive months. See Texas Government Code 311.005
(c) For the purposes of this section, a member’s employment in a position covered by the retirement system does not end if the member is on leave of absence or has a contract for future employment in a public school, other than a contract for employment that would, if the retiring member and the employer were to comply with all procedural requirements, qualify under § 824.602 for an exception to the loss of monthly benefits required by § 824.601.
(d) A person who works not later than June 15 of a year in order to complete all work required for the school year may be considered to have ended employment on May 31 of that year for the purposes of Subsections (a)(3) and (b)(2).
(e) Except as provided by § 823.403(d), if applicable, not later than two months after the later of a member’s retirement date or the last day of the month in which the member’s application for retirement is submitted, and before the later of the due date for the first monthly annuity payment or the date on which the retirement system issues the first monthly annuity payment, a member applying for service retirement may, after providing notice to the retirement system, reinstate withdrawn contributions, make deposits for military service and equivalent membership service, and receive service credit as provided by this subtitle.
(f) An effective retirement date may not be changed after it is established except by revocation of retirement under § 824.005.