By:  Montford, Lucio                                   S.B. No. 520
                                 A BILL TO BE ENTITLED
                                        AN ACT
    1-1  relating to eligibility for retirement and benefits under the Texas
    1-2  Municipal Retirement System.
    1-3        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
    1-4        SECTION 1.  Section 854.102, Government Code, is amended by
    1-5  adding Subsection (g) to read as follows:
    1-6        (g)  A member is eligible to retire and receive a service
    1-7  retirement annuity if the member has at least 20 years of credited
    1-8  service in the retirement system performed for one or more
    1-9  municipalities that have adopted a like provision under Section
   1-10  854.202(g).
   1-11        SECTION 2.  Section 854.202, Government Code, is amended by
   1-12  adding Subsection (g) to read as follows:
   1-13        (g)  The governing body may authorize a member to retire and
   1-14  receive a service retirement benefit if the member has at least 20
   1-15  years of credited service performed for one or more municipalities
   1-16  that have authorized eligibility under this subsection.
   1-17        SECTION 3.  Section 854.202, Government Code, is amended by
   1-18  adding Subsections (h) and (i) to read as follows:
   1-19        (h)  Before a governing body may elect to authorize a member
   1-20  to retire pursuant to Subsection (g), the governing body shall:
   1-21              (1)  prepare an actuarial analysis of member retirement
   1-22  annuities at 20 years of service; and
   1-23              (2)  hold a public hearing.
   1-24        (i)  The public hearing required under Subsection (h) shall
    2-1  be held pursuant to the notice provisions of the open meetings law,
    2-2  Chapter 551.
    2-3        SECTION 4.  This Act takes effect September 1, 1995.
    2-4        SECTION 5.  The importance of this legislation and the
    2-5  crowded condition of the calendars in both houses create an
    2-6  emergency and an imperative public necessity that the
    2-7  constitutional rule requiring bills to be read on three several
    2-8  days in each house be suspended, and this rule is hereby suspended.