1. (a) A person who has retired under Government Code, §824.202(a) without reduction for retirement at an early age and who is hired as and performs the duties of a principal or assistant principal as certified by the employer in accordance with Government Code, §824.602(a)(6) will be considered eligible for employment after retirement under the exception described in this section.
2. (b) A retiree must elect in writing on a form prescribed by TRS to take advantage of the exception described by this section no later than the end of the first month of employment under this section or 30 days after the date of employment, whichever is later.
3. (c) If the form is not received and the retiree continues to work on a full time basis for more than six months the annuity payments will be suspended each month work is performed until the election form is received by TRS.
4. (d) In the event the retiree elects to use the principal or assistant principal exception and has not been reported in that manner, the reporting entity must notify TRS in writing by amending the previous TRS 118, Employment of Retired Member(s), report(s).
5. (e) For the principal or assistant principal exception, the 12 month separation period required by Government Code, §824.602 may be any 12 consecutive months following the month of retirement so long as the retiree is not employed in any position or capacity by a public educational institution during any part of each of the 12 months.

Source Note:The provisions of this §31.17 adopted to be effective March 12, 2003, 28 TexReg 2109.