SB 1459, Sen 2nd Rdg, Amnd #F1

(1) In SECTION 15 of the bill, strike amended Section 815.402(a)(1), Government Code (page 4, lines 32-43), and substitute the following:

(1) 7.5 [~~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(2) In SECTION 24 of the bill, strike the list of provisions that are repealed under Subsections (a)(1) and (2) and (b) of that section (page 6, lines 17-27), and substitute the following:

(1) Section 76.006(i);

(2) Section 606.030(f);

(3) Sections 813.509(d) and (e);

(4) Sections 813.511(d) and (e);

(5) Section 814.105(c);

(6) Section 814.1075; and

(7) Section 840.401.

(b) Section 1551.321, Insurance Code, is repealed.

(3) Strike SECTION 25 of the bill (page 6, lines 28-54), and substitute the following:

SECTION 25. The changes in law made by this Act to Sections 661.091, 813.509, 813.511, 814.105, and 814.107, Government Code, apply only to a person who is hired on or after September 1, 2013, to work in a position that requires membership in the Employees Retirement System of Texas. A person hired before September 1, 2013, to work in a position that requires membership in the Employees Retirement System of Texas is subject to those laws as they existed immediately before that date, and the former law is continued in effect for that purpose.

(4) In SECTION 28 of the bill, strike the effective date provisions in Subsections (c) and (d) of that section (page 7, lines 3-12), and substitute the following:

(d) Section 1551.3196, Insurance Code, as added by this Act, takes effect September 1, 2014.

(5) Add the following appropriately numbered SECTION to the bill:

SECTION ____. Subchapter E, Chapter 815, Government Code, is amended by adding Section 815.4035 to read as follows:

Sec. 815.4035. COLLECTION OF STATE RETIREMENT CONTRIBUTION. (a) Except as provided by Section 813.201, the board of trustees shall assess each employer whose employees are members of the retirement system a state retirement contribution in an amount equal to 0.5 percent of the employer's total payroll, as determined by the General Appropriations Act.

(b) The board of trustees shall deposit the state retirement contribution to the credit of the trust fund established by Section 815.310 to be used for the purposes specified by Section 815.103.