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A BILL TO BE ENTITLED
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AN ACT
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relating to state contributions made to fund the Teacher Retirement |
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System of Texas and certain group benefits for retired school |
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employees. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 825.404(a), Government Code, is amended |
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to read as follows: |
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(a) During each fiscal year, the state shall contribute to |
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the retirement system an amount equal to at least six and not more |
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than 10 percent of the aggregate annual compensation of all members |
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of the retirement system during that fiscal year. [The amount of
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the state contribution made under this section may not be less than
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the amount contributed by members during that fiscal year in
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accordance with Section 825.402.] |
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SECTION 2. Section 1575.202(a), Insurance Code, is amended |
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to read as follows: |
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(a) Each state fiscal year, the state shall contribute to |
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the fund an amount equal to 0.5 [one] percent of the salary of each |
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active employee. |
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SECTION 3. The changes in law made by this Act apply |
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beginning with the state fiscal year that begins September 1, 2011. |
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SECTION 4. This Act takes effect September 1, 2011. |