79R9598 HLT-D

By:  Guillen                                                      H.B. No. 2608



A BILL TO BE ENTITLED

AN ACT

relating to the amount of a service retirement annuity for certain 
members of the Teacher Retirement System of Texas.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:                        
	SECTION 1.  Section 824.203, Government Code, is amended by 
adding Subsection (e) to read as follows:
	(e)  The standard service retirement annuity for a member who  
retires under Section 824.202(a)(4) is an amount computed on the 
basis of the member's average annual compensation for the three 
years of service, whether or not consecutive, in which the member 
received the highest annual compensation, multiplied by:
		(1)  2.30 percent for each year of service credit in the 
retirement system, if the sum of the member's age and amount of 
service credit in the retirement system equals a number not less 
than 80 and not greater than 84;
		(2)  2.35 percent for each year of service credit in the 
retirement system, if the sum of the member's age and amount of 
service credit in the retirement system equals a number not less 
than 85 and not greater than 89;
		(3)  2.40 percent for each year of service credit in the 
retirement system, if the sum of the member's age and amount of 
service credit in the retirement system equals a number not less 
than 90 and not greater than 94;
		(4)  2.45 percent for each year of service credit in the 
retirement system, if the sum of the member's age and amount of 
service credit in the retirement system equals a number not less 
than 95 and not greater than 99; or
		(5)  2.50 percent for each year of service credit in the 
retirement system, if the sum of the member's age and amount of 
service credit in the retirement system equals a number not less 
than 100.
	SECTION 2.  This Act takes effect September 1, 2005.