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A BILL TO BE ENTITLED
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AN ACT
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relating to the composition of the board of trustees of the |
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Employees Retirement System of Texas. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 815.003, Government Code, is amended by |
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amending Subsection (b) and adding Subsection (b-1) to read as |
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follows: |
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(b) Two of the elected members [To be eligible to serve as an |
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elected member] of the board[, a person] must be members [a member] |
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of the retirement system and must hold positions [a position] that: |
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(1) are [is] included in the employee class of |
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membership; and |
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(2) are [is] not with an agency or department with |
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which another trustee holds a position. |
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(b-1) The third elected member of the board must: |
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(1) meet the requirements of Subsection (b); or |
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(2) be a retiree. |
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SECTION 2. The changes in law made by this Act apply only to |
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an election of a member of the board of trustees of the Employees |
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Retirement System of Texas that occurs on or after the effective |
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date of this Act. |
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SECTION 3. This Act takes effect September 1, 2021. |