SECTION 29.12. Early Age Retirement Benefit Calculated on Law in Effect Before September 1, 2005

(a) If a member eligible under §51.12 of this title (relating to Applicability of Certain Laws in Effect Before September 1, 2005) is at least 55 years old and has at least 20 years of service credit in the retirement system, the member is eligible to retire and receive a service retirement annuity reduced from the standard service retirement annuity available under §824.202(a)(2), Government Code, to a percentage derived from the following table, as provided by §824.202(c), Government Code, prior to its repeal effective September 1, 2005, by Senate Bill 1691, 79th Legislature, Regular Session (2005):

Attached Graphic

(b) Actuarial tables adopted under §29.11 of this title for early age retirement reduction factors using age in years and months derived from the table in subsection (a) of this section using age in whole years remain in effect for retirement after September 1, 2005 for members eligible under §51.12 of this title.

Source Note: The provisions of this §29.12 adopted to be effective December 29, 2005, 30 TexReg 8697