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By: Madden H.J.R. No. 1
A JOINT RESOLUTION
proposing a constitutional amendment to allow supplemental
retirement programs offered by a single employer of a municipality.
BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 67(a)(2), Article XVI, Texas
Constitution, is amended to read as follows:
(a)(2) A person may not receive benefits from more than one
system for the same service, but the legislature may provide by law
that a person with service covered by more than one system or
program is entitled to a fractional benefit from each system or
program based on service rendered under each system or program
calculated as to amount upon the benefit formula used in that system
or program. Transfer of service credit between the Employees
Retirement System of Texas and the Teacher Retirement System of
Texas also may be authorized by law. A person is not receiving
benefits under more than one public retirement system if, a single
employer participates in a state wide public retirement system and
also provides:
(a) benefits established by the employer subsequent to the
employer's withdrawal from the social security program; or
(b) benefits provided under supplemental retirement
programs including those funded by the employer, employee, or a
combination thereof which are uniformly available to all qualified
employees.
The additional benefits under (a) and (b) above shall not be
credited to another public retirement system.
SECTION 2. This proposed constitutional amendment shall be
submitted to the voters at an election to be held November 8, 2005.
The ballot shall be printed to permit voting for or against the
proposition: "The constitutional amendment to allow supplement
retirement programs offered by a single employer."