By:  Marchant                                         H.B. No. 2835
         73R8395 GCH-F
                                 A BILL TO BE ENTITLED
    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 percent
   1-20  On or after September 1, 1968, but before September 1, 1969            7 percent
   1-21  On or after September 1, 1969, but before September 1, 1970            6 percent
   1-22  On or after September 1, 1970, but before September 1, 1971           13 percent
   1-23  On or after September 1, 1971, but before September 1, 1972           12 percent
    2-1  On or after September 1, 1972, but before September 1, 1973           13 percent
    2-2  On or after September 1, 1973, but before September 1, 1974           15 percent
    2-3  On or after September 1, 1974, but before September 1, 1975           12 percent
    2-4  On or after September 1, 1975, but before September 1, 1976           10 percent
    2-5  On or after September 1, 1976, but before September 1, 1977           14 percent
    2-6  On or after September 1, 1977, but before September 1, 1978           13 percent
    2-7  On or after September 1, 1978, but before September 1, 1979           11 percent
    2-8  On or after September 1, 1979, but before September 1, 1980           10 percent
    2-9  On or after September 1, 1980, but before September 1, 1981            7 percent
   2-10  On or after September 1, 1981, but before September 1, 1991            5 percent
   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
   2-16  annuity is based on the date of death of the person on whose
   2-17  account the benefit is based.
   2-18        SECTION 2.  The importance of this legislation and the
   2-19  crowded condition of the calendars in both houses create an
   2-20  emergency and an imperative public necessity that the
   2-21  constitutional rule requiring bills to be read on three several
   2-22  days in each house be suspended, and this rule is hereby suspended.