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A BILL TO BE ENTITLED
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AN ACT
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relating to retirement benefits for retired Texas Rangers. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 814.107, Government Code, is amended by |
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amending Subsections (b) and (f) and adding Subsections (b-1), |
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(b-2), and (b-3) to read as follows: |
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(b) The standard service retirement annuity payable for at |
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least 20 years of service credit as a law enforcement or custodial |
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officer is an amount computed on the basis of the member's average |
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monthly compensation for the 36 highest months of compensation in |
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the employee class or the amount specified by Subsections (b-1) |
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through (b-3), if applicable, times the sum of the percentage |
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factor used in the computation of a standard service retirement |
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annuity under Section 814.105 plus .5 percent. |
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(b-1) Subject to Subsection (b-2), a law enforcement or |
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custodial officer may elect to have the person's standard service |
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retirement annuity computed under Subsection (b) based on the |
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monthly compensation that is in effect for: |
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(1) the position or employee classification that was |
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held by the person at the time the person retired; or |
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(2) the position or employee classification in effect |
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that is most similar to that described by Subdivision (1). |
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(b-2) A person is eligible for a standard service retirement |
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annuity computed as provided by Subsection (b-1) if the person: |
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(1) was employed by the Department of Public Safety |
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and commissioned as a Texas Ranger; |
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(2) honorably retires after at least eight years of |
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creditable service as a Texas Ranger or as a director of the |
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Department of Public Safety; |
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(3) has at least two years of creditable service in the |
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commissioned position or employee classification described by |
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Subsection (b-1)(1); and |
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(4) makes a request to the retirement system for |
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computation of the person's average monthly compensation under |
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Subsection (b-1). |
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(b-3) If the monthly compensation for a position or employee |
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classification described by Subsection (b-1)(1) or (2) is stated as |
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a range, the amount used to compute the standard service retirement |
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annuity under Subsection (b-1) is the average monthly compensation |
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paid to all persons holding the position or employee |
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classification. |
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(f) The standard combined service retirement annuity |
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payable for at least 20 years of service credit as a law enforcement |
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or custodial officer may not exceed 100 percent of the average |
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compensation computed under Subsection (b) or Subsections (b-1) |
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through (b-3), as applicable. |
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SECTION 2. 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. |