By: Truan, Lucio S.B. No. 25
A BILL TO BE ENTITLED
AN ACT
1-1 relating to certain previously waived service credit in the
1-2 Employees Retirement System of Texas.
1-3 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-4 SECTION 1. Subchapter E, Chapter 813, Government Code, is
1-5 amended by adding Section 813.406 to read as follows:
1-6 Sec. 813.406. CERTAIN PREVIOUSLY WAIVED SERVICE. (a) A
1-7 person who served in the legislature before 1964, who before
1-8 leaving state office did not elect to become a member of the
1-9 retirement system at the time membership was extended to elected
1-10 officers in 1963, and who subsequently served as a member of the
1-11 United States Congress for at least 30 years may, before September
1-12 1, 1998, establish service credit in the retirement system for the
1-13 person's state legislative service.
1-14 (b) A person may establish credit under this section by
1-15 depositing with the retirement system in a lump sum a contribution
1-16 computed as provided by Section 813.404, plus all membership fees
1-17 due, plus interest computed at an annual rate of 10 percent from
1-18 the fiscal year in which the service was performed to the date of
1-19 deposit.
1-20 (c) This section expires September 1, 1998.
1-21 SECTION 2. This Act takes effect September 1, 1997.
1-22 SECTION 3. The importance of this legislation and the
1-23 crowded condition of the calendars in both houses create an
2-1 emergency and an imperative public necessity that the
2-2 constitutional rule requiring bills to be read on three several
2-3 days in each house be suspended, and this rule is hereby suspended.