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A BILL TO BE ENTITLED
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AN ACT
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relating to the transfer of service credits to or from the elected |
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class in the 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 813.503(a), Government Code, is amended |
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to read as follows: |
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(a) A member may establish in, or have transferred to, the |
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employee class all service credited in the elected class, if the |
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contributions made to establish the service in the elected class |
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equal or exceed contributions required of a member of the employee |
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class for the same amount of service during the same time and at the |
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same rate of compensation. The member before retirement may |
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transfer the service credit back to the elected class. [A member or
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retiree who has, or had at the time of retirement, at least eight
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years of service credit in the elected class of membership,
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exclusive of military service, may transfer service credit between
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classes before or after retirement.] |
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SECTION 2. The change in law made by this Act to Section |
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813.503(a), Government Code, applies only to service credit for |
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which a notification of transfer is made to the Employees |
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Retirement System of Texas on or after the effective date of this |
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Act. Service credit for which a notification of transfer is made |
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under Section 813.503(a), Government Code, before that date is |
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subject to the law in effect at the time the notification is made, |
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and the former law is continued in effect for that purpose. |
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SECTION 3. This Act takes effect August 1, 2009, if it |
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receives a vote of two-thirds of all the members elected to each |
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house, as provided by Section 39, Article III, Texas Constitution. |
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If this Act does not receive the vote necessary for effect on that |
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date, this Act takes effect September 1, 2009. |