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A BILL TO BE ENTITLED
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AN ACT
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relating to the payment of certain employer contributions for |
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employed retirees of the Teacher 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 825.4092, Government Code, is amended by |
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adding Subsection (h) to read as follows: |
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(h) Notwithstanding any other provision of this section, |
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the amounts required to be paid under Subsections (b) and (c) are |
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not required to be paid by a reporting employer for a retiree who |
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retired from the retirement system on or after September 1, 2005, |
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and is employed by the reporting employer during the 2023-2024 |
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school year or the 2024-2025 school year. This subsection expires |
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September 1, 2025. |
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SECTION 2. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2023. |