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.