SECTION 127.12. Refund of Unrecovered Contributions

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A lump-sum benefit payment made pursuant to §854.502 of the Act, regarding refund of unrecovered contributions, from an account of a member who had service with more than one participating municipality shall be calculated on a municipality-by-municipality basis for payment from the benefit accumulation fund.

Source Note: The provisions of this §127.12 adopted to be effective August 1, 2023, 48 TexReg 4124

                    
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