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.