By King of Parker H.B. No. 2152 76R8033 GCH-D A BILL TO BE ENTITLED 1-1 AN ACT 1-2 relating to a partial lump-sum distribution on retirement from the 1-3 Texas County and District Retirement System. 1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-5 SECTION 1. Subchapter A, Chapter 844, Government Code, is 1-6 amended by adding Section 844.009 to read as follows: 1-7 Sec. 844.009. PARTIAL LUMP-SUM DISTRIBUTION ON RETIREMENT. 1-8 (a) A member who is eligible for service retirement and who 1-9 terminates employment with all participating subdivisions may apply 1-10 for a partial lump-sum distribution under this section. 1-11 (b) The amount of a lump-sum distribution under this section 1-12 may not exceed one-half of the total contributions and accumulated 1-13 interest in the member's individual account in the employees saving 1-14 fund at the time of the member's retirement. 1-15 (c) The lump-sum distribution will be made as a single 1-16 payment, payable at the same time as the first monthly annuity 1-17 payment that is paid to the member. 1-18 (d) The amount of the lump-sum distribution will be deducted 1-19 from the sum used in computing the member's current service annuity 1-20 under Section 844.002. If a payment is made under Section 844.402, 1-21 the amount of the lump-sum distribution will be considered to be 1-22 included in the payments made by reason of the annuity. 1-23 SECTION 2. This Act takes effect September 1, 1999. 1-24 SECTION 3. The importance of this legislation and the 2-1 crowded condition of the calendars in both houses create an 2-2 emergency and an imperative public necessity that the 2-3 constitutional rule requiring bills to be read on three several 2-4 days in each house be suspended, and this rule is hereby suspended.