SECTION 101.6. Time for Filing of Retirement Applications and First Annuity Payment

(a) An application for retirement must be signed and dated by the member or the member's authorized representative and must specify an effective retirement date on which the member had satisfied all requirements for retirement as such requirements existed on the effective retirement date.

(b) The date specified as the effective date for retirement must be the last day of a calendar month falling within the period that is no more than six months before the date the system receives the retirement application and may not precede the first anniversary of the effective date of participation of the subdivision.

(c) A member must have terminated from employment on or before the effective retirement date designated on the application. If the member is applying for:

(1) service retirement, the date specified as the effective date of retirement with respect to a subdivision may not be a date preceding the termination of the member's employment with the subdivision from which the member wishes to retire.

(2) disability retirement, the date specified as the effective date of retirement may not be prior to the later of the date the member terminated employment with all participating subdivisions or the date the member became disabled.

(d) If the specified effective retirement date is prior to the date the system receives the retirement application, the retirement annuity shall be calculated under the plan provisions in effect on the effective retirement date but with the options selected and beneficiaries designated incident to the application. All unpaid annuity payments attributable to the period from the effective date of retirement through the date the retirement application is processed by the system will be accumulated and paid, without interest, as a single sum.

(e) An annuity approved by the system is payable beginning on the last day of the first month following the effective date of retirement.

Source Note: The provisions of this §101.6 adopted to be effective July 27, 1976, 1 TexReg 1929; amended to be effective May 1, 1993, 18 TexReg 2415; amended to be effective January 10, 1996, 21 TexReg 134; amended to be effective December 31, 1999, 24 TexReg 9300; amended to be effective July 27, 2003, 28 TexReg 5660; amended to be effective October 18, 2007, 32 TexReg 7264; amended to be effective March 25, 2010, 35 TexReg 2313; amended to be effective October 23, 2016, 41 TexReg 8205