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.