1-1 By: Truan, Lucio S.B. No. 25 1-2 (In the Senate - Filed April 8, 1997; April 10, 1997, read 1-3 first time and referred to Committee on State Affairs; May 8, 1997, 1-4 reported favorably by the following vote: Yeas 12, Nays 0; 1-5 May 8, 1997, sent to printer.) 1-6 A BILL TO BE ENTITLED 1-7 AN ACT 1-8 relating to certain previously waived service credit in the 1-9 Employees Retirement System of Texas. 1-10 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-11 SECTION 1. Subchapter E, Chapter 813, Government Code, is 1-12 amended by adding Section 813.406 to read as follows: 1-13 Sec. 813.406. CERTAIN PREVIOUSLY WAIVED SERVICE. (a) A 1-14 person who served in the legislature before 1964, who before 1-15 leaving state office did not elect to become a member of the 1-16 retirement system at the time membership was extended to elected 1-17 officers in 1963, and who subsequently served as a member of the 1-18 United States Congress for at least 30 years may, before September 1-19 1, 1998, establish service credit in the retirement system for the 1-20 person's state legislative service. 1-21 (b) A person may establish credit under this section by 1-22 depositing with the retirement system in a lump sum a contribution 1-23 computed as provided by Section 813.404, plus all membership fees 1-24 due, plus interest computed at an annual rate of 10 percent from 1-25 the fiscal year in which the service was performed to the date of 1-26 deposit. 1-27 (c) This section expires September 1, 1998. 1-28 SECTION 2. This Act takes effect September 1, 1997. 1-29 SECTION 3. The importance of this legislation and the 1-30 crowded condition of the calendars in both houses create an 1-31 emergency and an imperative public necessity that the 1-32 constitutional rule requiring bills to be read on three several 1-33 days in each house be suspended, and this rule is hereby suspended. 1-34 * * * * *