By: King, Pena, Jones of Bexar, Capelo, H.J.R. No. 54
Swinford
A JOINT RESOLUTION
proposing a constitutional amendment providing that benefits in
certain public retirement systems may not be reduced or impaired.
BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 67, Article XVI, Texas Constitution, is
amended by adding Subsections (h) and (i) to read as follows:
(h) This subsection applies only to a public retirement
system that is not a statewide system and that provides service and
disability retirement benefits and death benefits to public
officers and employees and to a statewide public retirement system
that provides service and disability retirement benefits and death
benefits to volunteer emergency services personnel. Income
benefits under a retirement system to which this subsection applies
may not be reduced or impaired for service performed before the
effective date of any change in the benefit structure, and benefits
granted to any retiree or other annuitant before the effective date
of this subsection and in effect on that effective date may not be
reduced or impaired. The obligation to not reduce or impair
benefits is the joint responsibility of the active members of a
retirement system and the state or the political subdivision or
subdivisions that finance the retirement system. This subsection
does not apply to a member of a retirement system who has not
qualified to receive benefits under the requirements of the
retirement system.
(i) A political subdivision and a public retirement system
described by Subsection (h) are exempt from the application of
Subsection (h) if the political subdivision holds an election on
the date in May 2004 that political subdivisions are required to use
for the election of their officers and the majority of the voters of
the political subdivision voting at the election favor exempting
the political subdivision and the public retirement system from the
application of Subsection (h).
SECTION 2. This constitutional amendment shall be submitted
to the voters at an election to be held November 4, 2003. The ballot
shall be printed to allow for voting for or against the proposition:
"The constitutional amendment to guarantee benefits earned in local
public retirement systems and certain statewide public retirement
systems."