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79S20287 HLT-F
By: Anchia H.B. No. 63
A BILL TO BE ENTITLED
AN ACT
relating to the standard service retirement annuity for service as
a member of the legislature.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 814.103, Government Code, is amended to
read as follows:
Sec. 814.103. SERVICE RETIREMENT BENEFITS FOR ELECTED CLASS
SERVICE. (a) Except as otherwise provided by this section
[Subsection (b)], the standard service retirement annuity for
service credited in the elected class of membership is an amount
equal to the number of years of service credit in that class, times
two percent of the state salary, as adjusted from time to time,
being paid a district judge.
(b) The standard service retirement annuity for service
credited in the elected class computed under Subsection (a) may not
exceed at any time 100 percent of the state salary being paid a
district judge.
(c) The standard service retirement annuity for service
credited in the elected class by a person for service as a member of
the legislature is an amount equal to the number of years of service
credit in that class times two percent of the statewide average
salary being paid a teacher in a public school.
(d) The standard service retirement annuity for service
credited in the elected class computed under Subsection (c) may not
exceed at any time 100 percent of the statewide average salary being
paid a teacher in a public school.
(e) The board of trustees shall annually determine the
statewide average salary being paid a teacher in a public school for
purposes of Subsections (c) and (d). The Teacher Retirement System
of Texas and the Texas Education Agency shall provide, at the
request of the board of trustees, any information or assistance the
board of trustees requires to make the determination required by
this subsection.
SECTION 2. This Act takes effect immediately if it receives
a vote of two-thirds of all the members elected to each house, as
provided by Section 39, Article III, Texas Constitution. If this
Act does not receive the vote necessary for immediate effect, this
Act takes effect on the 91st day after the last day of the
legislative session.