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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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amending Subsections (b) and (c) and adding Subsection (h) to read |
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as follows: |
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(b) Except as provided by Subsections [Subsection] (e) and |
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(h), during each payroll period for which a retiree is reported, the |
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employer shall contribute to the retirement system for each retiree |
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reported an amount based on the retiree's salary equal to the sum |
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of: |
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(1) the current contribution amount that would be |
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contributed by the retiree if the retiree were an active, |
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contributing member; and |
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(2) the current contribution amount authorized by the |
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General Appropriations Act that the state would contribute for that |
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retiree if the retiree were an active, contributing member. |
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(c) Except as provided by Subsections [Subsection] (e) and |
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(h), each payroll period, for each retiree who is enrolled in the |
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Texas Public School Employees Group Insurance Program under Chapter |
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1575, Insurance Code, the employer who reports the employment of a |
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retiree shall contribute to the trust fund established under that |
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chapter an amount established by the retirement system. In |
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determining the amount to be contributed by the employer under this |
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subsection, the retirement system shall consider the amount a |
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retiree is required to pay for the retiree and any enrolled |
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dependents to participate in the group program and the cost of the |
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retiree's and enrolled dependents' participation in the group |
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program. If more than one employer reports the retiree to the |
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retirement system during a month, the amount of the required |
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payment shall be prorated among the employers. |
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(h) Notwithstanding Section 821.006, the retirement system |
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may waive all or part of the amounts required to be contributed |
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under Subsection (b) or (c), or both subsections, for one or more |
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fiscal years. |
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SECTION 2. The changes in law made by this Act apply |
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beginning with the 2022-2023 school year. |
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SECTION 3. 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. |