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A BILL TO BE ENTITLED
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AN ACT
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relating to exemptions from employer contributions for certain |
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employed retirees 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(e), Government Code, is amended |
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to read as follows: |
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(e) The amounts required to be paid under Subsections (b) |
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and (c) are not required to be paid by a reporting employer for a |
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retiree who retired on or before August 31, 2005 [was reported under
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the retirement system rules in effect for the report month of
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January 2005 by:
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[(1)that reporting employer; or
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[(2) another employer, if both employers are school
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districts that consolidated into a consolidated school district on
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or before September 1, 2005]. |
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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. |