(a) The provisions of this section apply only to the Judicial Retirement System of Texas Plan Two.
(b) Effective for distributions made after December 31, 1992, the Employees Retirement System of Texas shall permit the distributee of an eligible rollover distribution to elect to have such distribution paid directly to an eligible retirement plan specified by the distributee in the form of a direct trustee to trustee transfer.
(c) The Employees Retirement System of Texas shall develop procedures to implement this section in accordance with the Internal Revenue Code of 1986, §401(a)(31), as amended, and related regulations. Terms used in this section shall have the meanings assigned in the Internal Revenue Code of 1986, as amended.

Source Note: The provisions of this §77.13 adopted to be effective January 12, 1993, 18 TexReg 65.