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A BILL TO BE ENTITLED
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AN ACT
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relating to the calculation of a service retirement annuity for |
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certain members of the elected class. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 814.103, Government Code, is amended by |
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amending Subsection (a) and adding Subsection (c) to read as |
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follows: |
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(a) Except as provided by Subsections [Subsection] (b) and |
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(c), the standard service retirement annuity for service credited |
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in the elected class of membership for persons described by Section |
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812.002(a)(3), is an amount equal to the number of years of service |
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credit in that class, times two percent of the state salary, |
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excluding longevity pay payable under Section 659.0445, and as |
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adjusted from time to time, being paid a district judge. |
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(c) The standard service retirement annuity for service |
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credited in the elected class of membership for persons described |
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by Sections 812.002(a)(1) and (2) is an amount equal to the number |
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of years of service credit in that class, times two percent of the |
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state salary, as that salary existed on August 31st, 2013 and |
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excluding longevity pay payable under Section 659.0445, being paid |
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a district judge. |
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SECTION 2. The change in law made by Sections 814.103(a) and |
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(c), Government Code, as amended by this Act, applies only to a |
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person who retires from the elected class on or after September 1, |
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2013. A person who retires from the elected class before that date |
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is governed by the law in effect on the date that person retired, |
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and the former law is continued in effect for that purpose. |
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SECTION 3. This Act takes effect September 1, 2013. |