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