- (a) Persons who have been required by law to be members of the Teacher Retirement System of Texas or who have service or compensation on which contributions were required but who have not made the required deposits shall start making deposits immediately for current service and shall make deposits as quickly as possible for previous service or compensation, along with the fee required under §25.43 of this title (Fee on Deposits for Unreported Service or Compensation).
- (b) Failure to make all required deposits will result in ineligibility for benefits from TRS.
- (c) Deposits for unreported service or compensation shall be paid in a manner consistent with any applicable limitations of 26 United States Code §415, including any applicable limitations on payments as a percentage of compensation from a TRS-covered employer in the school year in which the payments are made.
Source Note:The provisions of this §25.41 adopted to be effective January 1, 1976; amended to be effective March 12, 2003, 28 TexReg 2095; amended to be effective March 8, 2007, 32 TexReg 1079.