Texas Administrative Code (Last Updated: March 27,2024) |
TITLE 34. PUBLIC FINANCE |
PART 3. TEACHER RETIREMENT SYSTEM OF TEXAS |
CHAPTER 29. BENEFITS |
SUBCHAPTER G. PROPORTIONATE RETIREMENT |
SECTION 29.83. Calculation of Amount of Retirement Benefit
Latest version.
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For retirements after September 1, 2016, when a member is eligible to retire from TRS under the Proportionate Retirement Program but has fewer years of combined service credit than is required for normal age retirement, the years of combined service credit shall be used in determining the applicable reduction for an early age service retirement annuity that is calculated using only actual TRS service credit.
Source Note: The provisions of this §29.83 adopted to be effective December 29, 2016, 41 TexReg 10391