By Barrientos S.B. No. 1401
74R8064 GCH-D
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to computation of benefits for retiring members of the
1-3 Employees Retirement System of Texas; providing for appropriation
1-4 reductions.
1-5 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-6 SECTION 1. Sections 814.1051(b) and (f), Government Code,
1-7 are amended to read as follows:
1-8 (b) A member eligible to retire under this section is one
1-9 who:
1-10 (1) meets minimum age and service requirements under
1-11 Section 814.104;
1-12 (2) applies for service retirement;
1-13 (3) holds a position included in the employee class of
1-14 membership on the date the application is filed; and
1-15 (4) designates an effective date of retirement that is
1-16 after August 31, 1995 <1993>, but before September 1, 1997 <1995>,
1-17 and is the later of September 30, 1995 <1993>, or the earliest date
1-18 that the member's retirement may become effective.
1-19 (f) This section expires September 1, 1997 <1995>.
1-20 SECTION 2. Section 814.1071(c), Government Code, is amended
1-21 to read as follows:
1-22 (c) This section expires September 1, 1997 <1995>.
1-23 SECTION 3. (a) The comptroller shall identify to the
1-24 Legislative Budget Board state agencies that have achieved salary
2-1 savings because of service retirements under Section 814.1051,
2-2 Government Code, as amended by this Act, and the amounts of the
2-3 savings.
2-4 (b) After receiving information under Subsection (a) of this
2-5 section, the Legislative Budget Board shall reduce appropriations
2-6 made for the fiscal years ending August 31, 1996, and August 31,
2-7 1997, to specified agencies that have achieved salary savings under
2-8 Section 814.1051, Government Code, as amended by this Act. The
2-9 board shall make reductions in general revenue appropriations of at
2-10 least $13,411,000 not later than November 1, 1995, and additional
2-11 reductions of at least $27,340,000 not later than November 1, 1996.
2-12 (c) If the Legislative Budget Board does not make reductions
2-13 in the amounts and within the periods provided by Subsection (b) of
2-14 this section, the comptroller shall make across-the-board
2-15 reductions on all agencies' appropriations to achieve a total
2-16 general revenue reduction for the fiscal biennium ending August 31,
2-17 1997, of $40,751,000.
2-18 SECTION 4. This Act takes effect September 1, 1995.
2-19 SECTION 5. The importance of this legislation and the
2-20 crowded condition of the calendars in both houses create an
2-21 emergency and an imperative public necessity that the
2-22 constitutional rule requiring bills to be read on three several
2-23 days in each house be suspended, and this rule is hereby suspended.