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Senate Bill 1664 |
Senate Author: Huffman |
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Effective: 9-1-17 |
House Sponsor: Flynn |
Senate Bill 1664 amends the Education Code and Government Code to update and clarify provisions relating to service credit, payments, and deposits administered by the Teacher Retirement System of Texas (TRS). Among other provisions, the bill revises reporting requirements regarding a school district's compliance with certain group health coverage requirements, provides for the method by which TRS is required to determine whether an individual is an employee or independent contractor, and adjusts the payment deadlines for certain service credit. The bill requires TRS to deposit in a member's individual account in the member savings account the portion of a deposit to establish USERRA credit and gives TRS the option to deposit the portion of a deposit to establish unreported service credit or compensation as an alternative to the deposit establishing equivalent membership service credit. The bill also changes the entity required to certify to the comptroller of public accounts an estimate of the amount necessary to pay the state's contributions to TRS for the following biennium from the TRS board of trustees to the Texas Higher Education Coordinating Board.