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A BILL TO BE ENTITLED
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AN ACT
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relating to the composition of the board of trustees of the |
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Employees 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 815.003, Government Code, is amended by |
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amending Subsections (a) and (b) and adding Subsection (b-1) to |
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read as follows: |
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(a) Three members of the board of trustees are nominated and |
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elected by members of the retirement system and retirees under |
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rules adopted by the board. Two of the trustees described by this |
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subsection must meet the eligibility requirements specified in |
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Subsection (b), and the third trustee described by this subsection |
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must meet the eligibility requirements specified in Subsection |
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(b-1). |
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(b) To be eligible to serve in either of the first two |
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elected positions on [as an elected member of] the board, a person |
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must be a member of the retirement system and must hold a position |
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that: |
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(1) is included in the employee class of membership; |
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and |
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(2) is not with an agency or department with which |
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another trustee holds a position. |
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(b-1) To be eligible to serve in the third elected position |
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on the board, a person must be a retiree. |
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SECTION 2. At the trustee election held by the Employees |
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Retirement System of Texas to fill the first vacancy that occurs on |
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the board of trustees on or after the effective date of this Act, |
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the members and retirees of the retirement system shall elect a |
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trustee who meets the eligibility requirements of Section |
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815.003(b-1), Government Code, as added by this Act. |
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SECTION 3. This Act takes effect September 1, 2007. |