By Telford H.B. No. 827
76R4451 GJH-F
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to computation of benefits payable by the Teacher
1-3 Retirement System of Texas.
1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-5 SECTION 1. Sections 824.203(a) and (e), Government Code, are
1-6 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 2.25 [two] 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 2.25 [two]
1-21 percent for each year of service credit in the retirement system.
1-22 SECTION 2. (a) The Teacher Retirement System of Texas shall
1-23 recompute an annuity that first became payable before September 1,
1-24 1999, as though Sections 824.203(a) and (e), Government Code, as
2-1 amended by this Act, were in effect on the date the annuity first
2-2 became payable.
2-3 (b) The first payment of the recomputed annuity is payable
2-4 on the first payment date occurring on or after the effective date
2-5 of this Act.
2-6 SECTION 3. This Act takes effect September 1, 1999.
2-7 SECTION 4. The importance of this legislation and the
2-8 crowded condition of the calendars in both houses create an
2-9 emergency and an imperative public necessity that the
2-10 constitutional rule requiring bills to be read on three several
2-11 days in each house be suspended, and this rule is hereby suspended.