TO: | Honorable Robert Duncan, Chair, Senate Committee on State Affairs |
FROM: | John S. O'Brien, Director, Legislative Budget Board |
IN RE: | SB236 by Zaffirini (Relating to the resumption of employment by a retiree within the Texas Municipal Retirement System.), Committee Report 1st House, Substituted |
The bill would add Section 852.1085 to Subchapter B, Chapter 852 of the Government Code, regarding the Texas Municipal Retirement System (TMRS). The new section would allow an employee who retired from a municipal department because the department became privatized and who later resumes employment with the same municipality to continue to receive the person's retirement annuity. Resumption of annuity payments would apply to a person who meets eligibility requirements under the proposed new statute and who resumed employment prior to the effective date of the bill. Resumption would begin on the first payment date occurring on or after the effective date of the bill. Such persons would not be entitled to recover payments not made during the period the annuity was suspended under the current statute and the effective date of the bill.
The bill would take effect immediately if it were to receive the required two-thirds vote in each house; otherwise, it would take effect September 1, 2007.
Source Agencies: |
LBB Staff: | JOB, KJG, DB
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