1. (a) The date on which the retirement system mails or electronically transfers payment of all accumulated contributions credited to a member's individual accounts in the employees saving fund pursuant to §842.108(b), Government Code, is the date on which the person's membership in the retirement system terminates under §842.109 of that code as a result of that payment.
2. (b) If the retirement system receives the amount withdrawn from a person's account within 60 days after the date the refund was mailed or electronically transferred, together with the person's written request to be reinstated as a member, if the refund terminated membership, the person's account shall be reopened as if the payment to the member had not been made.

Source Note:The provisions of this §107.5 adopted to be effective November 1, 1998, 23 TexReg 10885; amended to be effective January 6, 2002, 26 TexReg 11037.