Sec. 823.006. LIMITS ON ANNUAL CONTRIBUTIONS FOR PURCHASE OF SERVICE CREDIT. Notwithstanding any other provision of this subtitle, the retirement system may limit the purchase of service credit to the extent required by applicable limits on the amount of annual contributions a participant may make to a qualified plan under Sections 401(a) and 415(c), Internal Revenue Code of 1986.
Added by Acts 1999, 76th Leg., ch. 1540, Sec. 2, eff. Sept. 1, 1999.
Amended by:
Acts 2005, 79th Leg., Ch. 1359 (S.B. 1691), Sec. 9, eff. September 1, 2005.
Structure Texas Statutes
Title 8 - Public Retirement Systems
Subtitle C - Teacher Retirement System of Texas
Chapter 823 - Creditable Service
Subchapter A. General Provisions
Section 823.001. Types of Creditable Service
Section 823.002. Service Creditable in a Year
Section 823.003. Benefits Based on Service Credit
Section 823.004. Computation of and Payment for Credit
Section 823.005. Acceptance of Rollovers and Transfers From Other Plans
Section 823.006. Limits on Annual Contributions for Purchase of Service Credit