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