Texas Administrative Code (Last Updated: March 27,2024) |
TITLE 34. PUBLIC FINANCE |
PART 3. TEACHER RETIREMENT SYSTEM OF TEXAS |
CHAPTER 25. MEMBERSHIP CREDIT |
SUBCHAPTER M. OPTIONAL RETIREMENT PROGRAM |
SECTION 25.171. Election of ORP
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(a) Members of the retirement system (TRS) may elect to participate in the optional retirement program (ORP) if: (1) the member is employed in a position in a Texas public institution of higher education eligible for ORP participation; (2) the time limit for electing to participate in ORP has not expired; and (3) the person has never exercised an election between TRS and ORP participation. (b) Persons who elect to participate in ORP must do so in writing on a form provided by the Teacher Retirement System of Texas to employing institutions for use by their eligible employees. A copy of the election to participate in ORP must be submitted to the Teacher Retirement System of Texas by the employer. Source Note: The provisions of this §25.171 amended to be effective September 26, 1979, 4 TexReg 3306.