79R7286 HLT-D
By: McClendon 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, 2005, 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 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 September 1, 2005.