Sec. 838.106. CREDIT FOR YEAR IN WHICH ELIGIBLE FOR OFFICE.
(a) A member may establish service credit in the retirement system for any calendar year during which the member held an office included in the membership of the retirement system.
(b) A member may establish service credit under this section by depositing with the retirement system a contribution computed for each month of credit claimed at the rate of six percent of the member's current monthly salary, plus, if the member does not establish credit before the first anniversary of the date of first eligibility, interest computed on the basis of the state fiscal year at an annual rate of 10 percent from the date of first eligibility to the date of deposit.
(c) For the purpose of Subsection (a), the term of a member leaving judicial office ends not later than December 31 regardless of the date on which the member's successor takes the oath of office.
Added by Acts 2001, 77th Leg., ch. 1240, Sec. 5, eff. Jan. 1, 2002. Amended by Acts 2003, 78th Leg., ch. 1111, Sec. 31, eff. Sept. 1, 2003.
Amended by:
Acts 2009, 81st Leg., R.S., Ch. 1308 (H.B. 2559), Sec. 27, eff. September 1, 2009.
Acts 2013, 83rd Leg., R.S., Ch. 618 (S.B. 1459), Sec. 19, eff. September 1, 2013.
Structure Texas Statutes
Title 8 - Public Retirement Systems
Subtitle E - Judicial Retirement System of Texas Plan Two
Chapter 838 - Creditable Service
Subchapter B. Establishment of Service
Section 838.101. Current Service
Section 838.102. Service Credit Previously Canceled
Section 838.103. Military Service
Section 838.1035. Service in Excess of 20 Years
Section 838.105. Alternative Payments to Establish or Reestablish Service Credit
Section 838.106. Credit for Year in Which Eligible for Office