- (a) Except as provided in subsection (b) of this section, for the purpose of computing the amount of a retirement benefit or a death benefit under §824.402, Government Code annual compensation means creditable compensation for service paid to a member of the retirement system during a 12-month period beginning September 1 and ending August 31 of the next calendar year.
(b) For the purpose of computing the amount of a retirement benefit or a death benefit under §824.402, Government Code, annual compensation paid prior to September 1, 2012 is the greater of:
- (1) the amount of creditable compensation for service paid to a member of the retirement system during a 12-month school year as defined in §25.133(a) of this title (relating to School Year); or
- (2) the amount of creditable compensation paid to the member during a 12-month period beginning September 1 and ending August 31 of the next calendar year.
- (c) Unless otherwise provided by law or this chapter, a member shall receive credit only for annual compensation actually received.
- (d) Compensation from which deductions for an Optional Retirement Program annuity were made shall not be included in annual compensation for benefit calculation purposes.
Source Note:The provisions of this §25.26 adopted to be effective September 26, 1979, 4 TexReg 3303; amended to be effective January 5, 2012, 36 TexReg 9340.