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A BILL TO BE ENTITLED
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AN ACT
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relating to employer contributions for certain employed retirees |
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under the Teacher Retirement System of Texas. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 825.4092, Government Code, is amended by |
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amending Subsection (b) and adding Subsection (f) to read as |
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follows: |
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(b) Except as provided by Subsection (e) and (f), during |
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each payroll period for which a retiree is reported, the employer |
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shall contribute to the retirement system for each retiree reported |
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an amount based on the retiree's salary equal to the sum of: |
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(1) the current contribution amount that would be |
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contributed by the retiree if the retiree were an active, |
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contributing member; and |
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(2) the current contribution amount authorized by the |
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General Appropriations Act that the state would contribute for that |
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retiree if the retiree were an active, contributing member. |
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(f) The amounts required to be paid under Subsection (b) are |
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not required to be paid by a reporting employer for a retiree who: |
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(1) is employed by the reporting employer as a |
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classroom teacher, full-time librarian, full-time counselor, or |
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full-time school nurse; and |
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(2) has, as of the first day of the payroll period for |
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which payment under Subsection (b) would otherwise be made, been |
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retired for at least three years. |
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SECTION 2. The changes in law made by this Act apply |
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beginning with the 2007-2008 school year. |
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SECTION 3. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2007. |