BILL ANALYSIS

 

 

†††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††† H.B. 3609

†††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††† By: Talton

††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††† Pensions & Investments

†††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††† Committee Report (Unamended)

 

 

 

BACKGROUND AND PURPOSE

 

This bill would allow for an individual who retired from the employee class with 14 or more years of service credit, and who was rehired by a house of the legislature, but not with a memberís office, to rejoin the employee class of the retirement system as long as the person pays employee contributions.

 

RULEMAKING AUTHORITY

 

It is the committee's opinion that this bill does not expressly grant any additional rulemaking authority to a state officer, department, agency, or institution.†

 

ANALYSIS

 

This bill amends language in the Government Code to allow a person who retired from the employee class with more than 14 years of service credit, and who resumed employment with a house of the legislature, not as an employee of an individual member, to apply for and receive an additional employee class retirement annuity on account of the period served in that position after retirement.† This bill requires the individual to pay employee contributions, without interest, for the period of service following retirement.† The post-retirement service with the legislature must not extend beyond January 1, 2007.† †

 

EFFECTIVE DATE

 

Upon passage, or, if the Act does not receive the necessary vote, the Act takes effect September 1, 2007.

 

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