78R5864 SMJ-D

By:  King                                                       H.J.R. No. 54 


A JOINT RESOLUTION
proposing a constitutional amendment providing that membership in certain retirement systems is a contractual relationship and that accrued benefits in those systems cannot 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 Subsection (h) to read as follows: (h) This subsection applies only to a retirement system that is not a statewide system and that provides retirement, disability, and death benefits to public officers and employees and to a statewide retirement system that provides retirement, disability, and death benefits to volunteer emergency services personnel. Membership in a retirement system is a contractual relationship, and benefits that a person has accrued in a retirement system, including disability and death benefits and any increases in benefits, may not be reduced or impaired. SECTION 2. This proposed constitutional amendment shall be submitted to the voters at an election to be held November 4, 2003. The ballot shall be printed to permit voting for or against the proposition: "The constitutional amendment providing that membership in certain retirement systems is a contractual relationship and that accrued benefits in those systems cannot be reduced or impaired."