Any member who has withdrawn an account resulting in the cancellation of service credit may reinstate this account and receive credit for the canceled service by meeting the following requirements:

1. (1) resume membership service in the retirement system;
2. (2) redeposit the amount withdrawn plus membership fees for the years during which the membership was terminated;
3. (3) pay a reinstatement fee of 6.0% compounded annually of the amount withdrawn computed from the date of withdrawal to the date of redeposit;
4. (4) reinstate all withdrawn accounts which resulted in the cancellation of service credit. A withdrawn account representing less than a creditable year of service must be reinstated only when it is necessary to combine the canceled service in the account with all other canceled service performed in the same year to constitute a creditable year of service.

Source Note:The provisions of this §27.6 adopted to be effective January 1, 1976; amended to be effective October 1, 1982, 7 TexReg 3367; amended to be effective December 1, 1994, 19 TexReg 9183.