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House Bill 159 |
House Author: Raymond |
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Effective: 9-1-11 |
Senate Sponsor: Zaffirini |
Current law requires the Texas Municipal Retirement System (TMRS) to discontinue and suspend annuity payments to a TMRS retiree who resumes employment with the retiree's previous employer and prohibits TMRS from making such annuity payments for any month during which the member remains employed by that same municipality. House Bill 159 amends the Government Code to create an exception to that loss of benefits by requiring such a person to receive a lump-sum payment in an amount equal to the sum of the service retirement annuity payments the person would have received had the payments not been discontinued and suspended during the return to employment if the person initially retired based on a bona fide termination of employment and resumed employment with the person's reemploying municipality at least eight years after the person's retirement.