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A BILL TO BE ENTITLED
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AN ACT
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relating to contributions by public retirement systems to the State |
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Pension Review Board fund. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Sections 801.113(c) and (e), Government Code, |
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are amended to read as follows: |
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(c) The governing board of a [any] public retirement system |
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shall [may vote to] make an annual contribution to the State Pension |
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Review Board in an amount equal [not] to [exceed] 50 cents for each |
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active member and annuitant of the retirement system as of |
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September 1 of the year for which the contribution is made. The |
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contribution is payable in a lump sum. |
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(e) The board is authorized to conduct training sessions, |
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schools, or other educational activities for trustees and |
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administrators of public retirement systems. The board may also |
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furnish other appropriate services such as actuarial studies or |
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other requirements of systems and may establish appropriate fees |
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for these activities and services. [The fees may be based on
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whether or not the trustees, administrators, or systems contribute
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to the State Pension Review Board fund under Subsection (c) of this
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section.] The net proceeds of these fees shall be deposited in the |
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fund. |
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SECTION 2. The governing board of a public retirement |
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system shall make the initial contribution required under Section |
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801.113(c), Government Code, as amended by this Act, to the State |
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Pension Review Board fund as required by that section on or before |
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September 1, 2011. |
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SECTION 3. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect on the 91st day after the last day of the |
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legislative session. |