Texas Statutes (Last Updated: January 4, 2014) |
GOVERNMENT CODE |
Title 8. PUBLIC RETIREMENT SYSTEMS |
Subtitle C. TEACHER RETIREMENT SYSTEM OF TEXAS |
Chapter 830. OPTIONAL RETIREMENT PROGRAM |
Subchapter B. PARTICIPATION |
Sec. 830.102. OPTION TO PARTICIPATE
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(a) A member of the retirement system who is eligible to participate in the optional retirement program may elect to continue as a member of the retirement system or to participate in the optional retirement program.
(b) A person eligible to participate in the optional retirement program on the date the program becomes available at the person's place of employment must elect to participate in the program no later than August 1 of the calendar year after the year in which the program becomes available.
(c) A person who becomes eligible to participate in the optional retirement program after the date the program becomes available at the person's place of employment must elect to participate before the 91st day after becoming eligible.
(d) An eligible person who does not elect to participate in the optional retirement program is considered to have chosen to continue membership in the retirement system.