1-1 By: Maxey, Keel (Senate Sponsor - Barrientos) H.B. No. 3660
1-2 (In the Senate - Received from the House May 11, 1999;
1-3 May 12, 1999, read first time and referred to Committee on State
1-4 Affairs; May 14, 1999, reported favorably by the following vote:
1-5 Yeas 8, Nays 0; May 14, 1999, sent to printer.)
1-6 A BILL TO BE ENTITLED
1-7 AN ACT
1-8 relating to service credit under the Teacher Retirement System of
1-9 Texas for certain work experience of certified career and
1-10 technology education teachers.
1-11 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-12 SECTION 1. Subchapter E, Chapter 823, Government Code, is
1-13 amended by adding Section 823.404 to read as follows:
1-14 Sec. 823.404. WORK EXPERIENCE BY CAREER OR TECHNOLOGY
1-15 TEACHER. (a) An eligible member may establish equivalent
1-16 membership service credit for one or two years of work experience
1-17 for which the member is entitled to salary step credit under
1-18 Section 21.403(b), Education Code.
1-19 (b) A member is eligible to establish equivalent membership
1-20 service credit under this section if the member has at least five
1-21 years of membership service credit.
1-22 (c) A member may establish credit under this section by
1-23 depositing with the retirement system, for each year of service,
1-24 the actuarial present value, at the time of deposit, of the
1-25 additional standard retirement annuity benefits that would be
1-26 attributable to the conversion of the work experience into service
1-27 credit based on rates and tables recommended by the actuary and
1-28 adopted by the board of trustees.
1-29 (d) After a member makes the deposits required by this
1-30 section, the retirement system shall grant the member one year of
1-31 equivalent membership service credit for each year of service
1-32 approved.
1-33 SECTION 2. Section 823.004(a), Government Code, is amended
1-34 to read as follows:
1-35 (a) All credit for military service, out-of-state service,
1-36 developmental leave, service previously waived, work experience in
1-37 a career or technological field, and service transferred to the
1-38 retirement system under Chapter 805 shall be computed on a
1-39 September 1 through August 31 school year. Payments for service
1-40 described by this section must be completed not later than the
1-41 later of the member's retirement date or the last day of the month
1-42 in which the member submits a retirement application.
1-43 SECTION 3. Section 825.307(a), Government Code, is amended
1-44 to read as follows:
1-45 (a) The retirement system shall deposit in a member's
1-46 individual account in the member savings account:
1-47 (1) the amount of contributions to the retirement
1-48 system that is deducted from the member's compensation;
1-49 (2) the portion of a deposit made on or after
1-50 resumption of membership that represents the amount of retirement
1-51 benefits received;
1-52 (3) the portion of a deposit to reinstate service
1-53 credit previously canceled that represents the amount withdrawn or
1-54 refunded;
1-55 (4) the portion of a deposit to establish membership
1-56 service credit previously waived that is required by Section
1-57 823.202(b)(1);
1-58 (5) the portion of a deposit to establish membership
1-59 service credit for service performed after retirement that is
1-60 required by Section 823.502(c)(3) [or (c)(5)];
1-61 (6) the portion of a deposit to establish military
1-62 service credit required by Section 823.302(c);
1-63 (7) the portion of a deposit to establish equivalent
1-64 membership service credit required by Section 823.401(d),
2-1 823.402(e)(1) or (e)(2), 823.404(c), or 823.3021(f)(1); and
2-2 (8) interest earned on money in the account as
2-3 provided by Subsections (b) and (c) and Section 825.313(b)(1).
2-4 SECTION 4. This Act takes effect September 1, 1999.
2-5 SECTION 5. The importance of this legislation and the
2-6 crowded condition of the calendars in both houses create an
2-7 emergency and an imperative public necessity that the
2-8 constitutional rule requiring bills to be read on three several
2-9 days in each house be suspended, and this rule is hereby suspended.
2-10 * * * * *