| |
| |
|
|
A BILL TO BE ENTITLED
|
|
|
AN ACT
|
|
|
relating to the inclusion of compensation paid under the teacher |
|
|
incentive allotment under the Foundation School Program for |
|
|
purposes of contributions to benefits under the Teacher Retirement |
|
|
System of Texas. |
|
|
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|
|
SECTION 1. Section 825.110, Government Code, is amended to |
|
|
read as follows: |
|
|
Sec. 825.110. DETERMINATION OF ANNUAL COMPENSATION. (a) |
|
|
The board of trustees shall adopt rules to exclude from annual |
|
|
compensation all or part of salary and wages in the final years of a |
|
|
member's employment that reasonably can be presumed to have been |
|
|
derived from a conversion of fringe benefits, maintenance, or other |
|
|
payments not includable in annual compensation to salary and wages. |
|
|
Except as provided by Subsection (b), the [The] board of trustees |
|
|
shall adopt rules that include a percentage limitation on the |
|
|
amount of increases in annual compensation that may be subject to |
|
|
credit and deposit during a member's final years of employment. |
|
|
(b) The board of trustees may not impose a percentage |
|
|
limitation on the amount of an increase in annual compensation that |
|
|
is attributable to increased compensation paid to a teacher by a |
|
|
school district using funds received by the district using the |
|
|
teacher incentive allotment under Section 48.112, Education Code. |
|
|
SECTION 2. This Act takes effect September 1, 2023. |