H.B. No. 2835
    1-1                                AN ACT
    1-2  relating to providing for a benefit increase in certain annuities
    1-3  payable by the Teacher Retirement System of Texas.
    1-4        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
    1-5        SECTION 1.  (a)  Monthly payments of a death or retirement
    1-6  benefit annuity by the Teacher Retirement System of Texas are
    1-7  increased beginning with the payment due at the end of January
    1-8  1994.
    1-9        (b)  The increase applies only if the latest effective date
   1-10  of retirement of the person on whose account the benefit is based,
   1-11  or the date of death in the case of a death benefit annuity,
   1-12  occurred before September 1, 1991.  The increase does not apply to
   1-13  payments received under Section 824.304(a), 824.404, or 824.501,
   1-14  Government Code.
   1-15        (c)  The amount of the monthly increase is computed by
   1-16  multiplying the previous monthly benefit by a percentage determined
   1-17  in accordance with the following table:
   1-18  Retirement Date or, if applicable, Date of Death           Increase
   1-19  Before September 1, 1968                                       5 %
   1-20  On or after September 1, 1968, but before September 1, 1969    7 %
   1-21  On or after September 1, 1969, but before September 1, 1970    6 %
   1-22  On or after September 1, 1970, but before September 1, 1971   13 %
   1-23  On or after September 1, 1971, but before September 1, 1972   12 %
    2-1  On or after September 1, 1972, but before September 1, 1973   13 %
    2-2  On or after September 1, 1973, but before September 1, 1974   15 %
    2-3  On or after September 1, 1974, but before September 1, 1975   12 %
    2-4  On or after September 1, 1975, but before September 1, 1976   10 %
    2-5  On or after September 1, 1976, but before September 1, 1977   14 %
    2-6  On or after September 1, 1977, but before September 1, 1978   13 %
    2-7  On or after September 1, 1978, but before September 1, 1979   11 %
    2-8  On or after September 1, 1979, but before September 1, 1980   10 %
    2-9  On or after September 1, 1980, but before September 1, 1981    7 %
   2-10  On or after September 1, 1981, but before September 1, 1991    5 %
   2-11        (d)  The increase for a monthly retirement annuity to a
   2-12  retiree is based on the retiree's latest effective retirement date.
   2-13  The increase for a monthly retirement annuity being continued to a
   2-14  beneficiary after the death of the retiree is based on the
   2-15  retiree's retirement date.  The increase for a death benefit amount
   2-16  is based on the date of death of the person on whose account the
   2-17  benefit is based.
   2-18        (e)  The percentage increases provided for in this Act apply
   2-19  to monthly payments of a minimum benefit increased under
   2-20  H.B. No. 2711 or S.B. No. 1151, Acts of the 73rd Legislature,
   2-21  Regular Session, 1993, but apply only to the amount of the monthly
   2-22  annuity as of August 1, 1993.  No additional increase shall be paid
   2-23  to an annuitant under this Act if the increase provided for in
   2-24  H.B. No. 2711 or S.B. No. 1151 is greater than the increase
   2-25  provided for in this Act.  If the increase provided for in this Act
    3-1  is less than the increase provided for in H.B. No. 2711 or
    3-2  S.B. No. 1151, an annuitant shall receive the difference as an
    3-3  additional increase under this Act.
    3-4        SECTION 2.  The importance of this legislation and the
    3-5  crowded condition of the calendars in both houses create an
    3-6  emergency and an imperative public necessity that the
    3-7  constitutional rule requiring bills to be read on three several
    3-8  days in each house be suspended, and this rule is hereby suspended.