| |
| |
|
|
A BILL TO BE ENTITLED
|
|
|
AN ACT
|
|
|
relating to employee contributions to the Employees Retirement |
|
|
System of Texas. |
|
|
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|
|
SECTION 1. Sections 815.402(a) and (h), Government Code, |
|
|
are amended to read as follows: |
|
|
(a) Except as provided by Section 813.201, each payroll |
|
|
period, each department or agency of the state shall cause to be |
|
|
deducted from each member's compensation a contribution of: |
|
|
(1) 6.5 percent of the compensation if the member is |
|
|
not a member of the legislature[, provided that if the state
|
|
|
contribution to the retirement system is computed using a
|
|
|
percentage less than 6.5 percent, the member's contribution is
|
|
|
computed using a percentage equal to the percentage used to compute
|
|
|
the state contribution, which may not be less than six percent]; or |
|
|
(2) eight percent of the compensation if the member is |
|
|
a member of the legislature. |
|
|
(h) In addition to the contribution under Subsection |
|
|
(a)(1), each department or agency of the state that employs a law |
|
|
enforcement or custodial officer shall deduct an additional 0.5 |
|
|
percent contribution from that member's compensation, to be |
|
|
deposited in the law enforcement and custodial officer supplemental |
|
|
retirement fund[, provided that, if the state contribution to the
|
|
|
law enforcement and custodial officer supplemental retirement fund
|
|
|
is computed using a percentage less than 0.5 percent, the member's
|
|
|
contribution is computed using a percentage equal to the percentage
|
|
|
used to compute the state contribution]. |
|
|
SECTION 2. This Act takes effect September 1, 2011. |