By Berman H.B. No. 1057
76R482 GCH-D
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to computation of annuities for members of the elected
1-3 class of the Employees Retirement System of Texas.
1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-5 SECTION 1. Section 814.103(a), Government Code, is amended
1-6 to read as follows:
1-7 (a) Except as provided by Subsection (b), the standard
1-8 service retirement annuity for service credited in the elected
1-9 class of membership is an amount equal to the number of years of
1-10 service credit in that class, times 2.25 [two] percent of $101,700
1-11 [the state salary, as adjusted from time to time, being paid a
1-12 district judge].
1-13 SECTION 2. In enacting this legislation, the legislature
1-14 intends to freeze annuities for annuitants of the elected class of
1-15 the Employees Retirement System of Texas at the rate being paid at
1-16 the time the legislation is enacted.
1-17 SECTION 3. The importance of this legislation and the
1-18 crowded condition of the calendars in both houses create an
1-19 emergency and an imperative public necessity that the
1-20 constitutional rule requiring bills to be read on three several
1-21 days in each house be suspended, and this rule is hereby suspended,
1-22 and that this Act take effect and be in force from and after its
1-23 passage, and it is so enacted.