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.