By:  Junell                                            H.B. No. 787
       73R1408 SOS-D
                                 A BILL TO BE ENTITLED
    1-1                                AN ACT
    1-2  relating to the purchase of certain service credit in the Employees
    1-3  Retirement System of Texas.
    1-4        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
    1-5        SECTION 1.  Subchapter F, Chapter 813, Government Code, is
    1-6  amended by adding Section 813.510 to read as follows:
    1-7        Sec. 813.510.  CREDIT FOR TEACHER RETIREMENT SYSTEM SERVICE.
    1-8  (a)  In this section, "teacher retirement system" means the Teacher
    1-9  Retirement System of Texas.
   1-10        (b)  A member may establish service credit in the employee
   1-11  class for service that was creditable in the teacher retirement
   1-12  system at the time the service was performed.
   1-13        (c)  The member may apply to establish service credit under
   1-14  this section by filing an application with the retirement system.
   1-15        (d)  After an application is filed under Subsection (c), the
   1-16  retirement system shall notify the teacher retirement system and
   1-17  request a certification of the applicant's dates of employment and
   1-18  salary for service that is the subject of the application.
   1-19        (e)  After a certification is issued under this section, the
   1-20  retirement system shall grant the applicant service credit for the
   1-21  service that is the subject of the application and certification,
   1-22  on receipt of:
   1-23              (1)  a contribution in the amount of the combined
   1-24  member and state contributions to the teacher retirement system
    2-1  that were required by law at the time credit for the service was
    2-2  established;
    2-3              (2)  any membership fees required of members of the
    2-4  teacher retirement system during the period in which the service
    2-5  was performed, except membership fees for any year in which a
    2-6  membership fee was paid by the applicant to this retirement system;
    2-7  and
    2-8              (3)  interest on the amount determined under
    2-9  Subdivision (1) computed on the basis of the state fiscal year at
   2-10  an annual rate of 10 percent, compounded annually, from the date
   2-11  the service was performed to the date of deposit under this
   2-12  section.
   2-13        (f)  Credit may not be established under this section if
   2-14  credit for the same service is credited in the teacher retirement
   2-15  system.
   2-16        SECTION 2.  The importance of this legislation and the
   2-17  crowded condition of the calendars in both houses create an
   2-18  emergency and an imperative public necessity that the
   2-19  constitutional rule requiring bills to be read on three several
   2-20  days in each house be suspended, and this rule is hereby suspended,
   2-21  and that this Act take effect and be in force from and after its
   2-22  passage, and it is so enacted.