Texas § 813.514 CREDIT PURCHASE OPTION FOR CERTAIN SERVICE.

Texas Statutes

§ 813.514 — CREDIT PURCHASE OPTION FOR CERTAIN SERVICE.

Texas § 813.514

Code GVGovernment Code

This text of Texas § 813.514 (CREDIT PURCHASE OPTION FOR CERTAIN SERVICE.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Government Code Code Ann. § 813.514 (2026).

Text

Sec. 813.514. CREDIT PURCHASE OPTION FOR CERTAIN SERVICE.

(a)This section applies only to a member who became a member before September 1, 2015. (a-1) A member may establish service credit under this section in the employee class only for service performed during a 90-day waiting period to become a member after beginning employment or holding office. The member may establish service credit for each month of any 90-day waiting period in which the member performed service, regardless of whether the member made a contribution during the 90-day waiting period for which the member establishes service credit.

(b)A member may establish service credit under this section by depositing with the retirement system, for each month of service credit, the actuarial present value, at the time of deposit

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Sec. 813.514. CREDIT PURCHASE OPTION FOR CERTAIN SERVICE. (a) This section applies only to a member who became a member before September 1, 2015.
(a-1) A member may establish service credit under this section in the employee class only for service performed during a 90-day waiting period to become a member after beginning employment or holding office. The member may establish service credit for each month of any 90-day waiting period in which the member performed service, regardless of whether the member made a contribution during the 90-day waiting period for which the member establishes service credit.
(b) A member may establish service credit under this section by depositing with the retirement system, for each month of service credit, the actuarial present value, at the time of deposit, of the additional standard retirement annuity benefits that would be attributable to the purchase of the service credit under this section based on rates and tables recommended by the retirement system's actuary and adopted by the board of trustees.
(c) After a member makes the deposits required by this section, the retirement system shall grant the member one month of equivalent membership service credit for each month of credit approved.
(d) The retirement system shall deposit the amount of the actuarial present value of the service credit purchased in the member's individual account in the employees saving account.
(e) The board of trustees may adopt rules to administer this section, including rules that impose restrictions on the application of this section as necessary to cost-effectively administer this section.
(f) Notwithstanding any other provision of this subtitle, if a member purchases service credit under this section for a month that occurred before the member's most recent date of hiring, the retirement system shall consider for purposes of this subtitle the member's date of hiring to be the first day of the month of the earliest month for which service credit is purchased under this section.
(g) The retirement system shall compute the amount of the deposit required by this section in a manner that does not result in an actuarial loss to the retirement system.

Legislative History

Added by Acts 2003, 78th Leg., ch. 1111, Sec. 42, eff. Sept. 1, 2003. Amended by: Acts 2005, 79th Leg., Ch. 347 (S.B. 1176 ), Sec. 10, eff. September 1, 2005. Acts 2015, 84th Leg., R.S., Ch. 331 (H.B. 9 ), Sec. 2, eff. September 1, 2015. Acts 2025, 89th Leg., R.S., Ch. 405 (H.B. 2434 ), Sec. 1, eff. September 1, 2025.