By Hightower H.B. No. 795
74R3348 GCH-D
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to reinstatement, purchase, and transfer of service credit
1-3 between the Employees Retirement System of Texas and the Teacher
1-4 Retirement System of Texas.
1-5 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-6 SECTION 1. (a) Notwithstanding Section 30, Chapter 791,
1-7 Acts of the 73rd Legislature, 1993, the provisions of Chapter 805,
1-8 Government Code, apply to retirements and deaths that occur or
1-9 occurred on or after June 18, 1993.
1-10 (b) A person receiving an annuity because of a retirement or
1-11 death that occurred on or after June 18, 1993, but before August
1-12 31, 1993, is entitled to reinstate, purchase, or transfer service
1-13 credit under Chapter 805, Government Code, as if this Act had been
1-14 in effect at the time of the retirement or death.
1-15 (c) The Employees Retirement System of Texas or the Teacher
1-16 Retirement System of Texas, as applicable, shall:
1-17 (1) recompute any annuity for which an annuitant takes
1-18 action authorized by Subsection (b) of this section;
1-19 (2) begin payment of the recomputed annuity with the
1-20 first payment that becomes due after the recomputation; and
1-21 (3) make any necessary transfers of money as provided
1-22 by Chapter 805, Government Code.
1-23 SECTION 2. The importance of this legislation and the
1-24 crowded condition of the calendars in both houses create an
2-1 emergency and an imperative public necessity that the
2-2 constitutional rule requiring bills to be read on three several
2-3 days in each house be suspended, and this rule is hereby suspended,
2-4 and that this Act take effect and be in force from and after its
2-5 passage, and it is so enacted.