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A BILL TO BE ENTITLED
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AN ACT
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relating to contributions to the retirement systems for certain |
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police officers in certain municipalities. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 8.01(a)(2), Chapter 452 (S.B. 738), Acts |
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of the 72nd Legislature, Regular Session, 1991 (Article 6243n-1, |
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Vernon's Texas Civil Statutes), is amended to read as follows: |
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(2) The city shall contribute amounts equal to 18 |
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percent of the basic hourly earnings of each member employed by the |
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city for all periods on or before September 30, 2010, subject to |
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additional amounts as provided by Subdivision (3) of this |
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subsection. The city shall contribute amounts equal to 19 percent |
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of the basic hourly earnings of each member employed by the city for |
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all periods after September 30, 2010, and before October 1, 2011, |
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subject to additional amounts as provided by Subdivision (3) of |
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this subsection. The city shall contribute amounts equal to 20 |
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percent of the basic hourly earnings of each member employed by the |
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city for all periods after September 30, 2011, and before October 1, |
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2012, subject to additional amounts as provided by Subdivision (3) |
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of this subsection. The city shall contribute amounts equal to 21 |
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percent of the basic hourly earnings of each member employed by the |
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city for all periods after September 30, 2012, subject to |
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additional amounts as provided by Subdivision (3) of this |
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subsection. The city council may also authorize the city to make |
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additional contributions to the police retirement system in |
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whatever amount the city council may determine. Contributions by |
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the city shall be made each pay period. |
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SECTION 2. This Act takes effect September 1, 2011. |