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Texas Statutes (Last Updated: January 4, 2014) |
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GOVERNMENT CODE |
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Title 8. PUBLIC RETIREMENT SYSTEMS |
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Subtitle C. TEACHER RETIREMENT SYSTEM OF TEXAS |
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Chapter 830. OPTIONAL RETIREMENT PROGRAM |
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Subchapter B. PARTICIPATION |
Sec. 830.104. WITHDRAWAL OF CONTRIBUTIONS TO THE RETIREMENT SYSTEM
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(a) A person who is a participant in the optional retirement program may withdraw accumulated contributions from the retirement system.
(b) An application to withdraw contributions under this section must be in writing and on a form prescribed by the board of trustees.
(c) Before the first anniversary of the date an application is received, the retirement system shall pay a withdrawing member the member's accumulated contributions.
(d) A person who withdraws contributions under this section relinquishes all accrued rights in the retirement system.
(e) Nothing in Section 830.105 precludes the election by a participant to withdraw accumulated contributions under this section.
Acts 1981, 67th Leg., p. 1876, ch. 453, Sec. 1, eff. Sept. 1, 1981. Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 36.104 and amended by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989.