By Tillery H.B. No. 1876 75R7417 ESH-F A BILL TO BE ENTITLED 1-1 AN ACT 1-2 relating to service credit under the Teacher Retirement System of 1-3 Texas for certain work experience of certified career and 1-4 technology education teachers. 1-5 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-6 SECTION 1. Subchapter E, Chapter 823, Government Code, is 1-7 amended by adding Section 823.404 to read as follows: 1-8 Sec. 823.404. WORK EXPERIENCE BY CAREER OR TECHNOLOGY 1-9 TEACHER. (a) An eligible member may establish equivalent 1-10 membership service credit for employment for which the member is 1-11 entitled to salary step credit under Section 21.403(b), Education 1-12 Code. 1-13 (b) A member may establish credit under this section by 1-14 depositing with the retirement system for each year of service for 1-15 which credit is claimed an amount equal to the sum of: 1-16 (1) the rate of member contributions required during 1-17 the year of work experience claimed multiplied by the member's 1-18 annual rate of compensation during the member's first year of 1-19 creditable service following the year of work experience claimed; 1-20 and 1-21 (2) the amount the state would have contributed had 1-22 the member performed membership service during the year of work 1-23 experience claimed at the member's annual rate of compensation 1-24 during the member's first year of creditable service following the 2-1 year of work experience claimed. 2-2 (c) After a member makes the deposits required by this 2-3 section, the retirement system shall grant the member one year of 2-4 equivalent membership service credit for each year of service 2-5 approved. 2-6 SECTION 2. Section 823.004, Government Code, is amended to 2-7 read as follows: 2-8 Sec. 823.004. COMPUTATION OF AND PAYMENT FOR CREDIT. All 2-9 credit for military service, out-of-state service, developmental 2-10 leave, service previously waived, work experience in a career or 2-11 technological field, and service transferred to the retirement 2-12 system under Chapter 805 shall be computed on a September 1 through 2-13 August 31 school year. Payments for service described by this 2-14 section must be completed not later than the later of the member's 2-15 retirement date or the last day of the month in which the member 2-16 submits a retirement application. 2-17 SECTION 3. Section 825.307(a), Government Code, is amended 2-18 to read as follows: 2-19 (a) The retirement system shall deposit in a member's 2-20 individual account in the member savings account: 2-21 (1) the amount of contributions to the retirement 2-22 system that is deducted from the member's compensation; 2-23 (2) the portion of a deposit made on or after 2-24 resumption of membership that represents the amount of retirement 2-25 benefits received; 2-26 (3) the portion of a deposit to reinstate service 2-27 credit previously canceled that represents the amount withdrawn or 3-1 refunded; 3-2 (4) the portion of a deposit to establish membership 3-3 service credit previously waived that is required by Section 3-4 823.202(b)(1); 3-5 (5) the portion of a deposit to establish membership 3-6 service credit for service performed after retirement that is 3-7 required by Section 823.502(c)(3) or (c)(5); 3-8 (6) the portion of a deposit to establish military 3-9 service credit required by Section 823.302(c); 3-10 (7) the portion of a deposit to establish equivalent 3-11 membership service credit required by Section 823.401(d), 3-12 823.402(e)(1) or (e)(2), 823.404(b), or 823.3021(f)(1); and 3-13 (8) interest earned on money in the account as 3-14 provided by Subsections (b) and (c) and Section 825.313(b)(1). 3-15 SECTION 4. This Act takes effect September 1, 1997. 3-16 SECTION 5. The importance of this legislation and the 3-17 crowded condition of the calendars in both houses create an 3-18 emergency and an imperative public necessity that the 3-19 constitutional rule requiring bills to be read on three several 3-20 days in each house be suspended, and this rule is hereby suspended.