Section 824.805 - Termination of Participation in Plan(a) Except as provided by Subsection (b), a member terminates participation in the plan by: (3) expiration of the period for which participation was approved.(b) This subsection applies only to a member participating in the plan on September 1, 2005, or to a member whose period of participation in the plan expired on or before September 1, 2005, but who has not retired on or before that date. A member described by this subsection may, before December 31, 2005, revoke the member's decision to participate in the plan on a form prescribed by and filed with the retirement system. The retirement system shall make account transfers and change records for a member who revokes the member's decision to participate in the plan under this subsection as if the member had never participated in the plan.(c) A member or beneficiary described by Subsection (d) may, on or before December 31, 2015, revoke the member's decision to participate in the plan on a form prescribed by and received by the retirement system not later than that date. The retirement system shall make account transfers and change records for a member whose decision to participate in the plan is revoked under this subsection, as if the member had never participated in the plan.(d) Subsection (c) applies only to:(1) a member: (A) whose approved period of participation in the plan has expired; and(B) who has not retired on or before December 31, 2015; or(2) a beneficiary of a member whose approved period of participation in the plan has expired and who has not retired before death if:(A) the beneficiary is eligible to receive both a distribution of benefits payable on the death of the member and the distributions from the plan; and(B) the member dies on or after September 1, 2015.Tex. Gov't. Code § 824.805
Amended by Acts 2015, Texas Acts of the 84th Leg. - Regular Session, ch. 164,Sec. 1, eff. 9/1/2015.Amended By Acts 2005, 79th Leg., Ch. 1359, Sec. 19, eff. 9/1/2005.Amended by Acts 1999, 76th Leg., ch. 1540, Sec. 16, eff. 9/1/1999; Acts 2001, 77th Leg., ch. 1229, Sec. 14, eff. 9/1/2001.Added by Acts 1997, 75th Leg., ch. 1416, Sec. 21, eff. 9/1/1997.