- (a) For purposes of determining the current service credit and multiple matching credit of the member under the Government Code, §843.403, the amount deposited by the member (excluding the withdrawal charge) after December 31, 1998 to reestablish credit in the retirement system pursuant to §843.003 of that code shall be considered to be accumulated contributions made by the member to the retirement system during the calendar year of deposit. The percentage to be used for the determination of the multiple matching credit of the member with respect to such deposit is that percentage adopted by the governing board of the authorizing subdivision and in effect during the month in which the deposit is made. The multiple matching credit percentage may be increased by the governing board on the terms provided by the Government Code, Chapter 844, Subchapter H.
- (b) This section shall apply to those deposits made after December 31, 1998 to reestablish credit in the retirement system in accordance with the Government Code, §843.003(c).
Source Note:The provisions of this §103.7 adopted to be effective November 1, 1998, 23 TexReg 10885.