By: Munoz H.B. No. 580 73R3153 GCH-D A BILL TO BE ENTITLED 1-1 AN ACT 1-2 relating to establishment of credit in the Employees Retirement 1-3 System of Texas for military service. 1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-5 SECTION 1. Section 813.302(c), Government Code, is amended 1-6 to read as follows: 1-7 (c) A member may establish credit under this section by 1-8 depositing with the retirement system in a lump sum or in the 1-9 manner provided by Section 813.3021 a contribution computed as 1-10 provided by Section 813.404 or 813.505, plus, if the member does 1-11 not establish the credit before the first anniversary of the date 1-12 of first eligibility, interest computed on the basis of the state 1-13 fiscal year at an annual rate of 10 percent from the date of first 1-14 eligibility to the date of deposit. 1-15 SECTION 2. Subchapter D, Chapter 813, Government Code, is 1-16 amended by adding Section 813.3021 to read as follows: 1-17 Sec. 813.3021. Alternative Payments to Establish Military 1-18 Service Credit. (a) A member may establish military service 1-19 creditable in the retirement system by making payments as provided 1-20 by this section in lieu of lump-sum payments required by Section 1-21 813.302. 1-22 (b) A payment authorized by this section consists of the 1-23 contribution required to establish at least one year of service 1-24 credit, including any required interest, except that a person's 2-1 last in a series of payments under this section may be for a period 2-2 of remaining service that is less than one year. 2-3 (c) A person who establishes service credit under this 2-4 section must purchase the oldest service first. 2-5 (d) The retirement system shall grant the applicable amount 2-6 of service credit after each payment is made under this section. 2-7 (e) Payments may not be made under this section to establish 2-8 service credit of a person who has retired or died. 2-9 (f) The retirement system may adopt rules to administer this 2-10 section. 2-11 SECTION 3. The importance of this legislation and the 2-12 crowded condition of the calendars in both houses create an 2-13 emergency and an imperative public necessity that the 2-14 constitutional rule requiring bills to be read on three several 2-15 days in each house be suspended, and this rule is hereby suspended, 2-16 and that this Act take effect and be in force from and after its 2-17 passage, and it is so enacted.