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.