1-1  By:  Montford                                          S.B. No. 520
    1-2        (In the Senate - Filed February 9, 1995; February 13, 1995,
    1-3  read first time and referred to Committee on Intergovernmental
    1-4  Relations; February 22, 1995, reported favorably, as amended, by
    1-5  the following vote:  Yeas 11, Nays 0; February 22, 1995, sent to
    1-6  printer.)
    1-7  COMMITTEE AMENDMENT NO. 1                               By:  Leedom
    1-8  Amend S.B. No. 520 as follows:
    1-9        (1)  Add a new SECTION 3 to read as follows:
   1-10        "SECTION 3.  Section 854.202, Government Code, is amended by
   1-11  adding Subsections (h) and (i) to read as follows:
   1-12        "(h)  Before a governing body may elect to authorize a member
   1-13  to retire pursuant to Subsection (g), the governing body shall:
   1-14              "(1)  prepare an actuarial analysis of member
   1-15  retirement annuities at 20 years of service; and
   1-16              "(2)  hold a public hearing.
   1-17        "(i)  The public hearing required under Subsection (h) shall
   1-18  be held pursuant to the notice provisions of the open meetings law,
   1-19  Chapter 551."
   1-20        (2)  Renumber existing SECTION 3 to be SECTION 4.
   1-21        (3)  Renumber existing SECTION 4 to be SECTION 5.
   1-22                         A BILL TO BE ENTITLED
   1-23                                AN ACT
   1-24  relating to eligibility for retirement and benefits under the Texas
   1-25  Municipal Retirement System.
   1-26        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
   1-27        SECTION 1.  Section 854.102, Government Code, is amended by
   1-28  adding Subsection (g) to read as follows:
   1-29        (g)  A member is eligible to retire and receive a service
   1-30  retirement annuity if the member has at least 20 years of credited
   1-31  service in the retirement system performed for one or more
   1-32  municipalities that have adopted a like provision under Section
   1-33  854.202(g).
   1-34        SECTION 2.  Section 854.202, Government Code, is amended by
   1-35  adding Subsection (g) to read as follows:
   1-36        (g)  The governing body may authorize a member to retire and
   1-37  receive a service retirement benefit if the member has at least 20
   1-38  years of credited service performed for one or more municipalities
   1-39  that have authorized eligibility under this subsection.
   1-40        SECTION 3.  This Act takes effect September 1, 1995.
   1-41        SECTION 4.  The importance of this legislation and the
   1-42  crowded condition of the calendars in both houses create an
   1-43  emergency and an imperative public necessity that the
   1-44  constitutional rule requiring bills to be read on three several
   1-45  days in each house be suspended, and this rule is hereby suspended.
   1-46                               * * * * *