By: Barrientos S.B. No. 1317
A BILL TO BE ENTITLED
AN ACT
1-1 relating to the funding of the Texas Public School Retired
1-2 Employees Group Insurance Program.
1-3 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-4 SECTION 1. Subsections (a), (b), and (c), Section 16, Texas
1-5 Public School Retired Employees Group Insurance Act (Article
1-6 3.50-4, Insurance Code), are amended to read as follows:
1-7 (a) Each <For the state fiscal year beginning September 1,
1-8 1985, and for each subsequent state fiscal year, each> active
1-9 employee, as a condition of employment, shall contribute to the
1-10 fund an amount equal to .425 <.25> percent of the employee's
1-11 salary. Each month the employer of an active employee shall deduct
1-12 the contributions from the employee's salary and shall remit the
1-13 contributions to the trustee as provided by any procedures that the
1-14 trustee may require. In lieu of deducting the contributions from
1-15 salaries, an employer may assume and pay the total contributions
1-16 due from its active employees for any month.
1-17 (b) The state shall contribute as the state's contribution
1-18 to the fund an amount equal to .85 percent of the salary of each
1-19 active employee <the following amounts:>
1-20 <(1) for the state fiscal year beginning September 1,
1-21 1986, an amount equal to .35 percent of the salary of each active
1-22 employee;>
1-23 <(2) for the state fiscal year beginning September 1,
2-1 1987, an amount equal to .40 percent of the salary of each active
2-2 employee;>
2-3 <(3) for the state fiscal year beginning September 1,
2-4 1988, an amount equal to .45 percent of the salary of each active
2-5 employee;>
2-6 <(4) for the state fiscal year beginning September 1,
2-7 1989, an amount equal to .50 percent of the salary of each active
2-8 employee; and>
2-9 <(5) for the state fiscal year beginning September 1,
2-10 1990, and each subsequent fiscal year, an amount equal to .50
2-11 percent of the salary of each active employee>.
2-12 (c) If <after the state fiscal year beginning September 1,
2-13 1990,> the amount of state and active employee contributions to the
2-14 fund is raised by the legislature above the percentages provided by
2-15 Subsections (a) and (b) of this section to provide adequate funding
2-16 for the program, the ratio between the state's contribution and the
2-17 active employees' contributions must be maintained at two to one.
2-18 SECTION 2. This Act takes effect September 1, 1994.
2-19 SECTION 3. The importance of this legislation and the
2-20 crowded condition of the calendars in both houses create an
2-21 emergency and an imperative public necessity that the
2-22 constitutional rule requiring bills to be read on three several
2-23 days in each house be suspended, and this rule is hereby suspended.