- (a) An application for retirement must be signed and dated by the individual seeking the retirement benefit or that individual's authorized representative and must specify an effective retirement date on which the individual will have satisfied all requirements for retirement as such requirements existed on the effective retirement date.
- (b) The date specified as the effective date for retirement must be the last day of a calendar month falling within the period that is no more than six months before the date TCDRS receives the retirement application and may not precede the first anniversary of the effective date of participation of the Employer in the Plan.
(c) A member must have terminated from employment on or before the effective retirement date designated on the application. If the member is applying for:
- (1) service retirement, the date specified as the effective date of retirement with respect to an Employer may not be a date preceding the termination of the member's employment with the Employer from which the member wishes to retire.
- (2) disability retirement, the date specified as the effective date of retirement may not be prior to the later of the date the member terminated employment with all participating Employers or the date the member became disabled.
- (d) If the specified effective retirement date is prior to the date TCDRS receives the retirement application, the retirement annuity shall be calculated under the Plan provisions in effect on the effective retirement date but with the options selected and beneficiaries designated on the application. All unpaid annuity payments attributable to the period from the effective date of retirement through the date the retirement application is processed by TCDRS will be accumulated and paid, without interest, as a single sum.
- (e) An annuity approved by TCDRS is payable beginning on the last day of the first month following the effective date of retirement.
Source Note:The provisions of this §101.5 adopted to be effective January 8, 2026, 51 TexReg 156.