79R9971 HLT-D


By:  McClendon                                                    H.B. No. 1594

Substitute the following for H.B. No. 1594:                                   

By:  Eiland                                                   C.S.H.B. No. 1594


A BILL TO BE ENTITLED
AN ACT
relating to the composition of the board of trustees of the Employees Retirement System of Texas. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Section 815.003, Government Code, is amended by amending Subsections (a) and (b) and adding Subsection (b-1) to read as follows: (a) Three members of the board of trustees are nominated and elected by members of the retirement system and retirees under rules adopted by the board. Two of the trustees must meet the eligibility requirements specified in Subsection (b) and one trustee must meet the eligibility requirements specified in Subsection (b-1). (b) To be eligible to serve as an elected member of the board, two of the elected trustees [a person] must be members [a member] of the retirement system and must hold a position that: (1) is included in the employee class of membership; and (2) is not with an agency or department with which another trustee holds a position. (b-1) To be eligible to serve as an elected member of the board, one of the trustees must be a retiree. SECTION 2. At the trustee election held by the Employees Retirement System of Texas to fill a position on the board of trustees that expires August 31, 2007, the members and retirees of the retirement system shall elect a trustee who meets the eligibility requirements of Section 815.003(b-1), Government Code, as added by this Act. SECTION 3. This Act takes effect September 1, 2005.