A member who is employed by an agency included in the Teacher Retirement System of Texas in a position which is not eligible for membership may terminate his or her membership and withdraw his or her deposits, other than any deposits picked up by the employer pursuant to the Texas Government Code, §825.409. A member who continues to be eligible for membership by virtue of previous employment during the school year, including a member described in §25.6 of this title (relating to Part-time or Temporary Employment), must continue to make any applicable contributions during the remainder of the school year and may not withdraw his or her deposits. Employer contributions, including contributions picked up by the employer pursuant to the Texas Government Code, §825.409, may not be withdrawn prior to the time the member terminates employment in all positions with the employer or attains normal retirement age. Any withdrawal must be a complete withdrawal. No partial withdrawals are allowed.

Source Note:The provisions of this §27.2 adopted to be effective January 1, 1976; amended to be effective June 1, 1995, 20 TexReg 3734.