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Senate Bill 1105 |
Senate Author: Hughes et al. |
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Effective: 9-1-21 |
House Sponsor: Anchia |
Senate Bill 1105 amends the Government Code to permit a retiree of the Texas Municipal Retirement System (TMRS) who returns to work for the same municipality with at least a one‑year break in service to continue to receive the retiree's previously earned monthly retirement benefit and to establish that the requirement for TMRS to discontinue and suspend monthly annuity payments based on such a resumption of employment is applicable only to a person who becomes an employee of the person's reemploying municipality at any time during the 12 consecutive months after the effective date of the person's last retirement from the reemploying municipality.
Senate Bill 1105, among other provisions, clarifies that a person's reemploying municipality is the municipality for which the person most recently performed creditable service before the person's retirement with respect to the person's particular individual account; revises the additional service retirement benefit allowable to a TMRS retiree who resumes employment with the same employer; and clarifies which additional benefit option is payable as a standard service retirement benefit or an equivalent optional benefit.
Senate Bill 1105 provides for a lump‑sum payment of suspended annuity payments for a person who resumed employment before September 1, 2021, and for the resumption of monthly annuity payments for a person who resumed employment with the person's reemploying municipality before that date. The bill also makes certain clarifying changes to provisions relating to the resumption of service with a different employer by a TMRS retiree.