By: Lucio S.B. No. 1518
A BILL TO BE ENTITLED
AN ACT
relating to retirement eligibility and benefits for law enforcement
or custodial officers under the Employees Retirement System of
Texas.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 814.107(c), Government Code, is amended
to read as follows:
(c) The standard combined service retirement annuity that
is payable under this section is based on retirement on or after the
attainment of the normal retirement age, which for purposes of this
section is the earliest [earlier] of [either] the age of 50, [or]
the age at which the sum of the member's age and amount of service
credit in the employee class equals the number 80, or the age at
which the member attains 25 years of service credit in the employee
class. A law enforcement or custodial officer who retires before
attaining the normal retirement age is entitled to an annuity that
is actuarially reduced from the annuity available at the normal
retirement age to the law enforcement or custodial officer service
credit annuity amount available at the sum of the member's age and
amount of employee class service credit. The annuity is payable
from the law enforcement and custodial officer supplemental
retirement fund.
SECTION 2. This Act takes effect September 1, 2003, and
applies only to a law enforcement or custodial officer under
Section 814.107, Government Code, as amended by this Act, who
applies for retirement with an effective date of retirement that is
on or after September 1, 2003.