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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. Subdivisions (1) and (2), Subsection (a), |
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Section 8.01, Chapter 452 (S.B. 738), Acts of the 72nd Legislature, |
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Regular Session, 1991 (Article 6243n-1, Vernon's Texas Civil |
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Statutes), are amended to read as follows: |
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(1) Deposits by the members to the police retirement |
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system shall be made at a rate of at least 13 [six] percent of the |
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basic hourly earnings of each member. Deposits required to be made |
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by members shall be deducted from payroll. On recommendation of the |
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board, the Active--Contributory members may by a majority of those |
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voting increase the rate of member deposits above 13 [six] percent |
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to whatever amount the board has recommended. If the deposit rate |
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for members has been increased to a rate above 13 [six] percent, the |
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rate may be decreased if the board recommends the decrease, the |
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board's actuary approves the decrease, and a majority of the |
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Active--Contributory members voting on the matter approve the |
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decrease. |
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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. |
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______________________________ |
______________________________ |
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President of the Senate |
Speaker of the House |
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I hereby certify that S.B. No. 1285 passed the Senate on |
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May 10, 2011, by the following vote: Yeas 31, Nays 0; and that the |
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Senate concurred in House amendment on May 27, 2011, by the |
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following vote: Yeas 31, Nays 0. |
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______________________________ |
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Secretary of the Senate |
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I hereby certify that S.B. No. 1285 passed the House, with |
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amendment, on May 25, 2011, by the following vote: Yeas 107, |
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Nays 35, three present not voting. |
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______________________________ |
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Chief Clerk of the House |
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Approved: |
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______________________________ |
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Date |
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______________________________ |
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Governor |