Sec. 863.005. CHARGE FOR CERTAIN PAST DUE CONTRIBUTIONS. The state board by rule may impose an interest charge on contributions due because of a correction of an error related to enrollment or qualified service. The charge must be based on the pension system's current assumed rate of return. Charges collected shall be deposited in the fund.
Added by Acts 2009, 81st Leg., R.S., Ch. 697 (H.B. 2751), Sec. 5, eff. September 1, 2009.
Amended by:
Acts 2019, 86th Leg., R.S., Ch. 1165 (H.B. 3247), Sec. 10, eff. September 1, 2019.
Structure Texas Statutes
Title 8 - Public Retirement Systems
Subtitle H - Texas Emergency Services Retirement System
Chapter 863 - Creditable Service
Section 863.001. Credit for Current Service
Section 863.002. Credit for Military Service
Section 863.003. Recognition of Prior Service Credit
Section 863.004. Prior Service of Member Before Departmental Participation
Section 863.0045. Service Credit and Membership in Multiple Public Retirement Systems