By Craddick H.B. No. 680
74R321 GCH-F
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to a change of annuity selection by a retiree of the
1-3 Employees Retirement System of Texas.
1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-5 SECTION 1. Section 814.1081(a), Government Code, is amended
1-6 to read as follows:
1-7 (a) A person who retired and selected an optional service
1-8 retirement annuity approved by the board of trustees or an optional
1-9 service retirement annuity described by Section 814.108(c)(1) or
1-10 (c)(2)<, and who designated a person as beneficiary who was not at
1-11 the time of designation and is not currently the retiree's spouse
1-12 or child> may change the optional annuity selection to the
1-13 selection of a standard service retirement annuity by filing with
1-14 the retirement system a request to change the annuity selection, if
1-15 the retiree designated a person as beneficiary who:
1-16 (1) was not at the time of designation and is not
1-17 currently the retiree's spouse or child; or
1-18 (2) has executed since the designation a transfer and
1-19 release, approved by a court of competent jurisdiction, of the
1-20 beneficiary's interest in the annuity and is not currently the
1-21 retiree's spouse or child.
1-22 SECTION 2. The importance of this legislation and the
1-23 crowded condition of the calendars in both houses create an
1-24 emergency and an imperative public necessity that the
2-1 constitutional rule requiring bills to be read on three several
2-2 days in each house be suspended, and this rule is hereby suspended,
2-3 and that this Act take effect and be in force from and after its
2-4 passage, and it is so enacted.