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A BILL TO BE ENTITLED
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AN ACT
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relating to the retirement eligibility of certain peace officers |
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who are members 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 824.202, Government Code, is amended by |
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amending Subsections (a-2), (b-2), and (d-2) and adding Subsections |
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(a-3), (b-3), and (d-3) to read as follows: |
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(a-2) Except as provided by Subsection (a-3), this [This] |
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subsection applies only to a person who does not have at least five |
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years of service credit in the retirement system on or before August |
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31, 2014, or who becomes a member of the retirement system on or |
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after September 1, 2014. A member subject to this subsection is |
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eligible to retire and receive a standard service retirement |
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annuity if: |
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(1) the member is at least 65 years old and has at |
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least five years of service credit in the retirement system; or |
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(2) the member is at least 62 years old and has at |
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least five years of service credit in the retirement system and the |
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sum of the member's age and amount of service credit in the |
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retirement system equals the number 80. |
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(a-3) Subsection (a-2) does not apply to a member who is a |
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peace officer licensed under Subchapter G, Chapter 1701, |
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Occupations Code, and who is employed and commissioned as a peace |
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officer under Section 37.081 or 51.203, Education Code, and |
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assigned to the duty of a peace officer at the time the member |
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retires. A person described by this subsection is subject to |
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Subsection (a) or (a-1), as appropriate. This subsection does not |
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apply to a member who is employed as security personnel under |
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Section 37.081, Education Code, and assigned to the duty of |
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security personnel at the time the member retires. |
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(b-2) Except as provided by Subsection (b-3), this [This] |
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subsection applies only to a person who does not have at least five |
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years of service credit in the retirement system on or before August |
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31, 2014, or who becomes a member of the retirement system on or |
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after September 1, 2014. If a member subject to this subsection is |
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at least 55 years old and has at least five years of service credit |
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in the retirement system, but does not meet the requirements under |
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Subsection (d-2), the member is eligible to retire and receive a |
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service retirement annuity reduced from the standard service |
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retirement annuity available under Subsection (a-2)(1), to a |
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percentage derived from the following table: |
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| Age at date of retirement |
55 |
56 |
57 |
58 |
59 |
60 |
61 |
62 |
63 |
64 |
65 |
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| Age at date of retirement |
55 |
56 |
57 |
58 |
59 |
60 |
61 |
62 |
63 |
64 |
65 |
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| Percentage of standard annuity receivable |
47% |
51% |
55% |
59% |
63% |
67% |
73% |
80% |
87% |
93% |
100% |
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| Percentage of standard annuity receivable |
47% |
51% |
55% |
59% |
63% |
67% |
73% |
80% |
87% |
93% |
100% |
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| Percentage of standard annuity receivable |
47% |
51% |
55% |
59% |
63% |
67% |
73% |
80% |
87% |
93% |
100% |
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(b-3) Subsection (b-2) does not apply to a member who is a |
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peace officer licensed under Subchapter G, Chapter 1701, |
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Occupations Code, and who is employed and commissioned as a peace |
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officer under Section 37.081 or 51.203, Education Code, and |
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assigned to the duty of a peace officer at the time the member |
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retires. A person described by this subsection is subject to |
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Subsection (b) or (b-1), as appropriate. This subsection does not |
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apply to a member who is employed as security personnel under |
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Section 37.081, Education Code, and assigned to the duty of |
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security personnel at the time the member retires. |
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(d-2) Except as provided by Subsection (d-3), this [This] |
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subsection applies only to a person who does not have at least five |
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years of service credit in the retirement system on or before August |
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31, 2014, or who becomes a member of the retirement system on or |
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after September 1, 2014. If the sum of the member's age and amount |
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of service credit in the retirement system equals the number 80, |
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with at least five years of service credit, or if the member has at |
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least 30 years of service credit in the retirement system, the |
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member is eligible to retire regardless of age and receive a service |
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retirement annuity consisting of the standard service retirement |
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annuity available under Subsection (a-2)(2) decreased by five |
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percent for each year of age under 62 years. |
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(d-3) Subsection (d-2) does not apply to a member who is a |
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peace officer licensed under Subchapter G, Chapter 1701, |
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Occupations Code, and who is employed and commissioned as a peace |
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officer under Section 37.081 or 51.203, Education Code, and |
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assigned to the duty of a peace officer at the time the member |
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retires. A person described by this subsection is subject to |
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Subsection (d) or (d-1), as appropriate. This subsection does not |
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apply to a member who is employed as security personnel under |
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Section 37.081, Education Code, and assigned to the duty of |
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security personnel at the time the member retires. |
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SECTION 2. Section 824.202, Government Code, as amended by |
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this Act, applies only to a peace officer who is a member of the |
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Teacher Retirement System of Texas and who retires on or after the |
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effective date of this Act. A peace officer who is a member of the |
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Teacher Retirement System of Texas and who retires before the |
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effective date of this Act is subject to the law in effect on the |
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date the peace officer retired, and that law is continued in effect |
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for that purpose. |
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SECTION 3. This Act takes effect September 1, 2023. |