- (a) A member who was employed by the Callier Center for Communications Disorders or the Houston Speech and Hearing Center before such institutions become a part of the University of Texas System may purchase credit with the retirement system for that employment. Eligibility of this employment for credit shall be subject to the rules for crediting regular employment eligible for membership, except for the requirement that the employer be a Texas public educational institution.
- (b) Such employment shall be credited by school year. A member may purchase credit in units of one year or more. For purposes of calculating fees, the years of credit purchased shall begin with the earliest eligible year of such employment not yet credited.
- (c) The fact of employment, the amount and dates of employment, and such other information as may be necessary to establish employment for these institutions as eligible for credit must be verified by the University of Texas System from records previously maintained by these institutions in its possession. It shall be the responsibility of each member eligible for this credit to make application for this credit and to have the service verified. Members should contact the Teacher Retirement System of Texas, 1000 Red River Street, Austin, Texas 78701-2698, for forms and instructions for establishing this credit.
(d) The cost for each year of credit for this employment shall be a deposit of 12% of the salary received for the first full 12 months of service as a member of the retirement system that occurs after the employment for which credit is sought under this section plus the following fees:
- (1) a crediting fee of 5.0% of the amount of the deposit for each year of credit from the end of the year of employment to be credited to the date of deposit; and
- (2) membership fees that would be due had the service credited been employment in Texas public educational institutions.
- (e) Fees other than membership fees shall be credited to the individual member's account.
- (f) Each year of credit under this section shall be granted only upon proper verification and payment in full of all amounts due. Credit when established shall be treated as membership service credit for purposes of determining eligibility for all benefits payable by the retirement system as well as for calculating the member's standard annuity.
Source Note:The provisions of this §25.161 adopted to be effective September 26, 1979, 4 TexReg 3306; amended to be effective December 1, 1989, 14 TexReg 4920.