H.B. No. 3169




AN ACT

relating to purchase of  equivalent membership service credit in 
the Teacher Retirement System of Texas.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:                        
	SECTION 1.  Section 825.307(a), Government Code, is amended 
to read as follows:
	(a)  The retirement system shall deposit in a member's 
individual account in the member savings account:
		(1)  the amount of contributions to the retirement 
system that is deducted from the member's compensation;
		(2)  the portion of a deposit made on or after 
resumption of membership that represents the amount of retirement 
benefits received;
		(3)  the portion of a deposit to reinstate service 
credit previously canceled that represents the amount withdrawn or 
refunded;
		(4)  the portion of a deposit to establish military 
service credit required by Section 823.302(c);
		(5)  the portion of a deposit to establish equivalent 
membership service credit required by Section 823.401(d), 
823.402(e)(1) or (e)(2), or 823.404(c)[, 823.405, or 
823.3021(f)(1)]; and
		(6)  interest earned on money in the account as 
provided by Subsections (b) and (c) and Section 825.313(c).
	SECTION 2.  Section 823.405, Government Code, is repealed.                     
	SECTION 3.  Unless the agreement is terminated before all 
payments are made, the change in law made by this Act does not apply 
to an agreement that existed immediately before January 1, 2006, 
between an individual and the Teacher Retirement System of Texas 
for the purchase in installments of service credit under Section 
823.405, Government Code.
	SECTION 4.  (a)  Except as provided by Subsections (b) and 
(c) of this section, this Act takes effect September 1, 2005.
	(b)  The change in law made by this Act to Section 
825.307(a), Government Code, takes effect January 1, 2009.
	(c)  Section 2 of this Act takes effect January 1, 2006.                       




______________________________              ______________________________
 
   President of the Senate                               Speaker of the House      

	I certify that H.B. No. 3169 was passed by the House on May 
13, 2005, by a non-record vote.

                                                  ______________________________
                                                     Chief Clerk of the House   

	I certify that H.B. No. 3169 was passed by the Senate on May 
25, 2005, by the following vote:  Yeas 31, Nays 0.

                                                  ______________________________
                                                     Secretary of the Senate    



APPROVED:  _____________________                                            
 
                   Date                                                      




 
          _____________________                                          
 
                 Governor