SECTION 25.184. Refund for Nonpayment

(a) The Teacher Retirement System of Texas (TRS) may refund installment payments already made, but not credited towards service, if:

(1) an installment payment is not made in full within 60 days after the due date;

(2) two or more consecutive monthly payments have been made through a check on an account with insufficient funds or a closed account or through an automatic bank draft for which insufficient funds were available;

(3) a member notifies TRS in writing that he will no longer make payments pursuant to the installment schedule and requests a refund of amounts previously paid; or

(4) the number of partial payments becomes excessive.

(b) If TRS refunds payments to a member pursuant to this section and the member later makes payment by lump sum payment or by the installment method for the same service credit for which the refund was made, any fees required by law or rule will be calculated using the new date of payment rather than the date of initial participation in the installment payment method.

Source Note: The provisions of this §25.184 adopted to be effective September 1, 1992, 17 TexReg 5120; amended to be effective September 17, 1997, 22 TexReg 9255; amended to be effective March 8, 2007, 32 TexReg 1079; amended to be effective April 1, 2011, 36 TexReg 1839; amended to be effective December 23, 2014, 39 TexReg 10024