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Amend CSSB 1176 by inserting the following appropriately
numbered section and renumbering subsequent sections accordingly:
SECTION ____. Subchapter A, Chapter 812, Government Code, is
amended by adding Section 812.006 to read as follows:
Sec. 812.006. OPTIONAL MEMBERSHIP. (a) In this section,
"qualified employee" means a person who:
(1) has at least three years of service credit in the
retirement system in the legislative branch that was accrued before
June 18, 1993;
(2) was employed by an institution of higher
education, as defined by Section 61.003, Education Code, before
June 18, 1993, and elected to participate in the optional
retirement program under Chapter 830; and
(3) is actively participating in the optional
retirement program.
(b) A qualified employee may make a one-time, irrevocable
election in a manner provided by the retirement system to renew
active participation in the system and cease participation in the
optional retirement program.
(c) An employee who makes an election under this section is
not eligible to establish service credit in the retirement system
for service performed while participating in the optional
retirement program.
(d) This section is contingent upon the receipt of a
favorable Internal Revenue Service ruling addressing all tax
issues.
(e) An election authorized by this section must be made
within 90 days of the Internal Revenue Service ruling.