| |
|
|
A BILL TO BE ENTITLED
|
|
|
AN ACT
|
|
|
relating to monthly benefits for certain retirees of the Teacher |
|
|
Retirement System of Texas who return to work. |
|
|
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|
|
SECTION 1. Section 824.602, Government Code, is amended by |
|
|
adding Subsection (p) to read as follows: |
|
|
(p) The exception provided by Subsection (a)(3) continues |
|
|
to apply to work performed by a retiree in any month immediately |
|
|
following the sixth month of employment with a Texas public |
|
|
educational institution if: |
|
|
(1) the work the retiree agreed to complete under the |
|
|
contract or work agreement cannot be completed by the end of the |
|
|
sixth month; and |
|
|
(2) the retiree does not work beyond the 15th day of |
|
|
the month immediately following the sixth month. |
|
|
SECTION 2. The change in law made by this Act applies only |
|
|
to a retiree of the Teacher Retirement System of Texas who resumes |
|
|
employment with a Texas public education institution on or after |
|
|
the effective date of this Act. |
|
|
SECTION 3. This Act takes effect immediately if it receives |
|
|
a vote of two-thirds of all the members elected to each house, as |
|
|
provided by Section 39, Article III, Texas Constitution. If this |
|
|
Act does not receive the vote necessary for immediate effect, this |
|
|
Act takes effect September 1, 2007. |