SRC-SEW C.S.S.B. 1132 77(R)BILL ANALYSIS Senate Research CenterC.S.S.B. 1132 77R8583 GJH-DBy: Ogden State Affairs 5/1/2001 Committee Report (Substituted) DIGEST AND PURPOSE Currently, a law enforcement or custodial officer is eligible to retire and receive a standard retirement annuity after 20 years of service. At this time, there are 517 Department of Public Safety (DPS) commissioned officers who will have at least 20 years of service and be at least 50 years of age on or before August 31, 2002. DPS officials indicate that 28 years is the average length of service, since many officers retire upon reaching 20 years while others remain for 35 years or more. Based on this information, DPS estimates that approximately 300 officers will retire on or before August 31, 2002. An incentive which rewards officers who accrue 30 or more years of service credit might reduce the number of seasoned, experienced officers who retire in the next biennium. C.S.S.B. 1132 creates a retirement incentive for law enforcement officers who have 30 years or more of service credit, with at least three years of that service occurring after August 31, 2001. RULEMAKING AUTHORITY This bill does not expressly grant any additional rulemaking authority to a state officer, institution, or agency. SECTION BY SECTION ANALYSIS SECTION 1. Amends Section 814.107(b), Government Code, to set forth guidelines concerning computing the standard service retirement annuity payable for at least 20 years of service credit as a law enforcement or custodial officer. SECTION 2. Provides that the Employees Retirement System of Texas (ERS) is required to implement this Act only if the legislature appropriates money specifically for that purpose. Provides that, if the legislature does not appropriate money specifically for the purpose, ERS is authorized, but is not required, to implement this Act using other appropriations available for the purpose. SECTION 3. Effective date: September 1, 2001. SUMMARY OF COMMITTEE CHANGES Amends As Filed S.B. 1132 as follows: SECTION 1. Amends Section 814.107(b), Government Code, to provide that the standard service retirement annuity payable for at least 20 years of service credit for a custodial officer is a certain computed amount plus .5 percent for service credit as a custodial officer, rather than .75 percent if the officer has 30 years or more of service credit. Provides that the service retirement annuity payable for at least 20 years of service credit for a law enforcement officer is a certain amount plus .75 percent for service credit as a law enforcement officer, if the total amount of law enforcement service credited is 30 years or more and at least three years of that service occurs after August 31, 2001. Adds a new SECTION 2. SECTION 3. Redesignates original SECTION 2 as SECTION 3. No changes in text.