- (a) Under Tex. Gov't Code §820.103 and §840A.104, the system shall calculate the gain sharing interest rate based on the investment returns of the total combined ERS retirement trust fund as of August 31 of each of the applicable fiscal years, using the Global Investment Performance Standards for calculating and reporting investment performance. The total combined ERS retirement trust fund does not include amounts associated with the State Employees Group Benefits Program or the Texa$aver program.
- (b) A person may not receive gain sharing interest as both a cash balance group member and a cash balance annuitant during the same fiscal year.
- (c) The gain sharing interest rate shall be applied no earlier than December 1.
Source Note:The provisions of this §76.10 adopted to be effective September 14, 2022, 47 TexReg 5498; amended to be effective April 16, 2025, 50 TexReg 2436.