Texas Government Code 813.102 – Service Credit Previously Canceled
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(a) A member who has withdrawn contributions and canceled service credit in a class of membership may, if eligible as provided by § 813.403 or 813.504, reestablish the canceled service credit in the retirement system.
(b) A member may reestablish credit by depositing with the retirement system in a lump sum the amount withdrawn from a membership class, plus interest computed on the basis of the state fiscal year at an annual rate of 10 percent from the date of withdrawal to the date of redeposit.
Terms Used In Texas Government Code 813.102
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.