79R12226 DLF-D


By:  Crownover                                                    H.B. No. 3169

Substitute the following for H.B. No. 3169:                                   

By:  Eiland                                                   C.S.H.B. No. 3169



A BILL TO BE ENTITLED

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credit previously canceled that represents the amount withdrawn or 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  Section 823.405, Government Code, is repealed.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.  (a)  Except as provided by this section, this Act 
applies only to a member of the Teacher Retirement System of Texas 
who retires on or after the effective date of this Act.
	(b)  The change in law made by this Act does not apply to a 
member of the Teacher Retirement System of Texas who, on or before 
the effective date of this Act, would be eligible to retire by 
establishing equivalent membership service credit in accordance 
with Section 823.405, Government Code, as that section existed 
before its repeal by this Act, and the former law is continued in 
effect for that purpose.
	SECTION 4.  This Act takes effect September 1, 2005.