By McClendon H.B. No. 132
Line and page numbers may not match official copy.
Bill not drafted by TLC or Senate E&E.
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to an increase in the formula multiplier for the standard
1-3 service retirement annuity from the Teacher Retirement System.
1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-5 SECTION 1. Subsections 824.203(a) and (e), Government Code,
1-6 are amended to read as follows:
1-7 (a) Except as provided by Subsections (c), (d), and (e), the
1-8 standard service retirement annuity is an amount computed on the
1-9 basis of the member's average annual compensation for the three
1-10 years of service, whether or not consecutive, in which the member
1-11 received the highest annual compensation, times [two] 2.25 percent
1-12 for each year of service credit in the retirement system.
1-13 (e) The annual standard service retirement annuity for a
1-14 person who immediately before retirement holds a position as a
1-15 classroom teacher or full-time librarian, or the annual death
1-16 benefit annuity based on the service of a member who at the time of
1-17 death held a position as a classroom teacher or full-time
1-18 librarian, may not be less than an amount computed on the basis of
1-19 the minimum annual salary provided by the Education Code for a
1-20 classroom teacher or full-time librarian, multiplied by [two] 2.25
1-21 percent for each year of service credit in the retirement system.
2-1 SECTION 2. This Act takes effect September 1, 1999.
2-2 SECTION 3. The importance of this legislation and the
2-3 crowded condition of the calendars in both houses create an
2-4 emergency and an imperative public necessity that the
2-5 constitutional rule requiring bills to be read on three several
2-6 days in each house be suspended, and this rule is hereby suspended.