|
|
A BILL TO BE ENTITLED
|
|
|
AN ACT
|
|
|
relating to membership and service credit in the Employees |
|
|
Retirement System of Texas for certain retired employees. |
|
|
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|
|
SECTION 1. Section 812.201, Government Code, is amended by |
|
|
amending Subsection (a) and adding Subsection (d) to read as |
|
|
follows: |
|
|
(a) Except as provided by Subsection (c) or (d), a retiree |
|
|
may not rejoin the retirement system as a member of the class from |
|
|
which the person retired. |
|
|
(d) A person who retired from the employee class of |
|
|
membership with more than 14 years of service credit and who, after |
|
|
retirement, resumed employment with a house of the legislature, not |
|
|
as an employee of an individual member, is entitled, on request to |
|
|
the retirement system, to resume membership in that class and |
|
|
receive service credit for the period served in that position after |
|
|
retirement. To receive the credit, the person is required to pay |
|
|
employee contributions, without interest, for the period of service |
|
|
after retirement. The contributions may be deducted from the |
|
|
person's annuity as recalculated under this subsection. This |
|
|
subsection does not apply to a person whose post-retirement service |
|
|
extends after January 1, 2007. |
|
|
SECTION 2. 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. |