By Hochberg H.B. No. 1261 74R4320 CAS-D A BILL TO BE ENTITLED 1-1 AN ACT 1-2 relating to contributions to the Texas County and District 1-3 Retirement System. 1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-5 SECTION 1. Section 845.402, Government Code, is amended by 1-6 adding Subsection (g) to read as follows: 1-7 (g) Each participating subdivision, by order or resolution 1-8 of its governing body, may authorize its employees to make 1-9 contributions, in addition to contributions required under 1-10 Subsection (a), at a rate determined by each member that is not 1-11 more than the rate elected under Subsection (a) plus two percent of 1-12 current service compensation. 1-13 SECTION 2. Section 845.404, Government Code, is amended by 1-14 amending Subsection (a) and adding Subsection (c) to read as 1-15 follows: 1-16 (a) Before the 16th day of each month, each participating 1-17 subdivision shall pay or cause to be paid to the retirement system 1-18 at the system's office: 1-19 (1) the member contributions, or "picked-up" member 1-20 contributions, provided for by Sections 845.402 and 845.403, which 1-21 shall be deposited to the individual accounts of the members; and 1-22 (2) an additional amount equal to the total of 1-23 contributions required to be made by or on behalf of employees of 1-24 the subdivision under the provisions of Sections 845.402 and 2-1 845.403 for the preceding month, which additional amount shall be 2-2 deposited to the account of the subdivision in the subdivision 2-3 accumulation fund. 2-4 (c) In addition to other amounts required under this 2-5 section, each participating subdivision, by order or resolution of 2-6 its governing body, may pay or cause to be paid to the retirement 2-7 system an amount equal to all or a percentage of the total of 2-8 additional contributions made by employees of the subdivision under 2-9 Section 845.402(g). That amount shall be paid in the same manner 2-10 as other payments under this section. 2-11 SECTION 3. The importance of this legislation and the 2-12 crowded condition of the calendars in both houses create an 2-13 emergency and an imperative public necessity that the 2-14 constitutional rule requiring bills to be read on three several 2-15 days in each house be suspended, and this rule is hereby suspended, 2-16 and that this Act take effect and be in force from and after its 2-17 passage, and it is so enacted.