By Maxey H.B. No. 3660
76R6924 GJH-F
A BILL TO BE ENTITLED
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 employment for which the member is
1-11 entitled to salary step credit under Section 21.403(b), Education
1-12 Code.
1-13 (b) A member may establish credit under this section by
1-14 depositing with the retirement system for each year of service for
1-15 which credit is claimed an amount equal to the sum of:
1-16 (1) the rate of member contributions required during
1-17 the year of work experience claimed multiplied by the member's
1-18 annual rate of compensation during the member's first year of
1-19 creditable service following the year of work experience claimed;
1-20 and
1-21 (2) the amount the state would have contributed had
1-22 the member performed membership service during the year of work
1-23 experience claimed at the member's annual rate of compensation
1-24 during the member's first year of creditable service following the
2-1 year of work experience claimed.
2-2 (c) After a member makes the deposits required by this
2-3 section, the retirement system shall grant the member one year of
2-4 equivalent membership service credit for each year of service
2-5 approved.
2-6 SECTION 2. Section 823.004(a), Government Code, is amended
2-7 to read as follows:
2-8 (a) All credit for military service, out-of-state service,
2-9 developmental leave, service previously waived, work experience in
2-10 a career or technological field, and service transferred to the
2-11 retirement system under Chapter 805 shall be computed on a
2-12 September 1 through August 31 school year. Payments for service
2-13 described by this section must be completed not later than the
2-14 later of the member's retirement date or the last day of the month
2-15 in which the member submits a retirement application.
2-16 SECTION 3. Section 825.307(a), Government Code, is amended
2-17 to read as follows:
2-18 (a) The retirement system shall deposit in a member's
2-19 individual account in the member savings account:
2-20 (1) the amount of contributions to the retirement
2-21 system that is deducted from the member's compensation;
2-22 (2) the portion of a deposit made on or after
2-23 resumption of membership that represents the amount of retirement
2-24 benefits received;
2-25 (3) the portion of a deposit to reinstate service
2-26 credit previously canceled that represents the amount withdrawn or
2-27 refunded;
3-1 (4) the portion of a deposit to establish membership
3-2 service credit previously waived that is required by Section
3-3 823.202(b)(1);
3-4 (5) the portion of a deposit to establish membership
3-5 service credit for service performed after retirement that is
3-6 required by Section 823.502(c)(3) [or (c)(5)];
3-7 (6) the portion of a deposit to establish military
3-8 service credit required by Section 823.302(c);
3-9 (7) the portion of a deposit to establish equivalent
3-10 membership service credit required by Section 823.401(d),
3-11 823.402(e)(1) or (e)(2), 823.404(b), or 823.3021(f)(1); and
3-12 (8) interest earned on money in the account as
3-13 provided by Subsections (b) and (c) and Section 825.313(b)(1).
3-14 SECTION 4. This Act takes effect September 1, 1999.
3-15 SECTION 5. The importance of this legislation and the
3-16 crowded condition of the calendars in both houses create an
3-17 emergency and an imperative public necessity that the
3-18 constitutional rule requiring bills to be read on three several
3-19 days in each house be suspended, and this rule is hereby suspended.