BILL ANALYSIS
Senate Research Center H.B. 3200
79R13558 SGA-F By: Madden (Shapiro)
AUTHOR'S/SPONSOR'S STATEMENT OF INTENT
H.B. 3200 establishes in the Government Code that an employer who participates in the Texas County and District Retirement System or the Texas Municipal Retirement System may offer a supplemental retirement program established before January 1, 2005. The bill clarifies instances in which separate retirement programs may be funded by a governmental employer without constituting a prohibited crediting of the same service under more than one public retirement system.
RULEMAKING AUTHORITY
SECTION BY SECTION ANALYSIS
SECTION 1. Amends Section 810.001, Government Code, by adding Subsection (j), as follows:
(j) Provides that a single government employer is not considered to be permitting a person who is a public employee, officer, or retiree of that employer to be receiving benefits from more than one system or program of retirement for the same service if certain circumstances apply.
SECTION 2. Provides that all acts and proceedings of a political entity to establish, finance, or administer a supplemental plan established before January 1, 2005, that occurred before the effective date of this Act and that would have been authorized by Section 810.001, Government Code, as amended by this Act, are validated as of the dates the acts and proceedings occurred. Prohibits the acts and proceedings from being held invalid because they were not performed in accordance with law.
SECTION 3. Effective date: upon passage or September 1, 2005.