By Munoz H.B. No. 646
74R3445 CAS-D
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to computation of the standard service retirement annuity
1-3 under the Teacher Retirement System of Texas.
1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-5 SECTION 1. Section 824.203(a), Government Code, is amended
1-6 to read as follows:
1-7 (a) Except as provided by Subsections (c) and (d), the
1-8 standard service retirement annuity is an amount computed on the
1-9 basis of the member's average annual compensation for the three
1-10 years of service, whether or not consecutive, in which the member
1-11 received the highest annual compensation, times 2.5 <two> percent
1-12 for each year of service credit in the retirement system.
1-13 SECTION 2. This Act takes effect September 1, 1995.
1-14 SECTION 3. The importance of this legislation and the
1-15 crowded condition of the calendars in both houses create an
1-16 emergency and an imperative public necessity that the
1-17 constitutional rule requiring bills to be read on three several
1-18 days in each house be suspended, and this rule is hereby suspended.