1-1 AN ACT
1-2 relating to service credit under the Teacher Retirement System of
1-3 Texas for certain work experience of certified career and
1-4 technology education teachers.
1-5 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-6 SECTION 1. Subchapter E, Chapter 823, Government Code, is
1-7 amended by adding Section 823.404 to read as follows:
1-8 Sec. 823.404. WORK EXPERIENCE BY CAREER OR TECHNOLOGY
1-9 TEACHER. (a) An eligible member may establish equivalent
1-10 membership service credit for one or two years of work experience
1-11 for which the member is entitled to salary step credit under
1-12 Section 21.403(b), Education Code.
1-13 (b) A member is eligible to establish equivalent membership
1-14 service credit under this section if the member has at least five
1-15 years of membership service credit.
1-16 (c) A member may establish credit under this section by
1-17 depositing with the retirement system, for each year of service,
1-18 the actuarial present value, at the time of deposit, of the
1-19 additional standard retirement annuity benefits that would be
1-20 attributable to the conversion of the work experience into service
1-21 credit based on rates and tables recommended by the actuary and
1-22 adopted by the board of trustees.
1-23 (d) After a member makes the deposits required by this
1-24 section, the retirement system shall grant the member one year of
2-1 equivalent membership service credit for each year of service
2-2 approved.
2-3 SECTION 2. Section 823.004(a), Government Code, is amended
2-4 to read as follows:
2-5 (a) All credit for military service, out-of-state service,
2-6 developmental leave, service previously waived, work experience in
2-7 a career or technological field, and service transferred to the
2-8 retirement system under Chapter 805 shall be computed on a
2-9 September 1 through August 31 school year. Payments for service
2-10 described by this section must be completed not later than the
2-11 later of the member's retirement date or the last day of the month
2-12 in which the member submits a retirement application.
2-13 SECTION 3. Section 825.307(a), Government Code, is amended
2-14 to read as follows:
2-15 (a) The retirement system shall deposit in a member's
2-16 individual account in the member savings account:
2-17 (1) the amount of contributions to the retirement
2-18 system that is deducted from the member's compensation;
2-19 (2) the portion of a deposit made on or after
2-20 resumption of membership that represents the amount of retirement
2-21 benefits received;
2-22 (3) the portion of a deposit to reinstate service
2-23 credit previously canceled that represents the amount withdrawn or
2-24 refunded;
2-25 (4) the portion of a deposit to establish membership
2-26 service credit previously waived that is required by Section
2-27 823.202(b)(1);
3-1 (5) the portion of a deposit to establish membership
3-2 service credit for service performed after retirement that is
3-3 required by Section 823.502(c)(3) [or (c)(5)];
3-4 (6) the portion of a deposit to establish military
3-5 service credit required by Section 823.302(c);
3-6 (7) the portion of a deposit to establish equivalent
3-7 membership service credit required by Section 823.401(d),
3-8 823.402(e)(1) or (e)(2), 823.404(c), or 823.3021(f)(1); and
3-9 (8) interest earned on money in the account as
3-10 provided by Subsections (b) and (c) and Section 825.313(b)(1).
3-11 SECTION 4. This Act takes effect September 1, 1999.
3-12 SECTION 5. The importance of this legislation and the
3-13 crowded condition of the calendars in both houses create an
3-14 emergency and an imperative public necessity that the
3-15 constitutional rule requiring bills to be read on three several
3-16 days in each house be suspended, and this rule is hereby suspended.
_______________________________ _______________________________
President of the Senate Speaker of the House
I certify that H.B. No. 3660 was passed by the House on May
11, 1999, by a non-record vote.
_______________________________
Chief Clerk of the House
I certify that H.B. No. 3660 was passed by the Senate on May
26, 1999, by the following vote: Yeas 30, Nays 0.
_______________________________
Secretary of the Senate
APPROVED: _____________________
Date
_____________________
Governor