By Thompson H.B. No. 2157
77R6254 SMJ-D
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to service credit in the Teacher Retirement System of
1-3 Texas for accumulated personal or sick leave.
1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-5 SECTION 1. Section 823.403(a), Government Code, is amended to
1-6 read as follows:
1-7 (a) A member who retires from an employer as defined by
1-8 Section 821.001(7) based on service or a disability is entitled to
1-9 membership service credit in the retirement system for the member's
1-10 state personal or sick leave that has accumulated and is unused on
1-11 the last day of employment pursuant to the terms of this section.
1-12 State personal or sick leave is creditable in the retirement system
1-13 in the amount of one year of service credit for each period of 50
1-14 days [or more,] or 400 hours [or more,] of accumulated state
1-15 personal or sick leave. The maximum amount of credit that may be
1-16 established under this section is three years. An accumulation of
1-17 less than 50 days is not creditable. Not more than five days of
1-18 unused state personal or sick leave may be accumulated per year.
1-19 Credit established under this section may be used only for the
1-20 purpose of calculating benefits under Section 824.203.
1-21 SECTION 2. (a) This Act takes effect September 1, 2001.
1-22 (b) Section 823.403(a), Government Code, as amended by this
1-23 Act, applies only to the purchase of credit for accumulated
1-24 personal or sick leave by a member of the Teacher Retirement System
2-1 of Texas who retires on or after the effective date of this Act.