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.