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A BILL TO BE ENTITLED
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AN ACT
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relating to monthly benefits for certain retirees of the Teacher |
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Retirement System of Texas who return to work. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 824.602, Government Code, is amended by |
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adding Subsection (p) to read as follows: |
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(p) The exception provided by Subsection (a)(3) continues |
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to apply to work performed by a retiree in June of a school year if: |
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(1) the work the retiree agreed to complete under the |
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contract or work agreement cannot be completed by May 31; and |
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(2) the retiree does not work beyond June 15 of that |
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year. |
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SECTION 2. The change in law made by this Act applies only |
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to a retiree of the Teacher Retirement System of Texas who resumes |
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employment with a Texas public education institution on or after |
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the effective date of this Act. |
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SECTION 3. 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. |